If you’re a small business owner with a rapidly growing business and annual revenue in the $1 to $25 million range, you may find yourself overwhelmed with bookkeeping duties. You may be considering virtual accountants, but you’re not sure if you’re ready to take that step.
You’ve probably grown past the stage where you’re doing the bookkeeping and accounting yourself, but as a steady stream of in-house bookkeepers enters and leaves your office, you may find the tasks fall into your lap more often than you’d like.
Even when you’re not managing the books, you’re managing the accounting department, which means hiring, training and overseeing your bookkeeper. This is not what you signed up for as a small to mid-sized business owner.
More and more business owners like you are discovering the answer to bookkeeping success in virtual accountants through AccountingDepartment.com. The virtual accounting department we provide to clients takes care of all the bookkeeping and accounting services businesses need from dedicated, secure home offices. Let’s take a look at some of the daily, weekly and monthly tasks of your virtual accounting department.
Daily Bookkeeping Processes
On a daily basis, virtual accountants provide GAAP-compliant, accrual basis bookkeeping. This includes:
- Accounts Payable
- Accounts Receivable
- Banking
- Payroll
- Financial reporting
Because AccountingDepartment’s bookkeepers work the same hours you do, in your time zone, they are typically available via instant messenger or email if you have questions or need timely information.
Your Virtual Accounting Department
When you contract with AccountingDepartment’s virtual accountants, you get even more than just daily bookkeeping services. Our trademarked “Processes in Place™” procedures includes a Client Procedures Manual that outlines your expectations and the services and information our virtual accountants will deliver to you on a schedule we set together.
Our Accounting Grader tool helps you see your organization’s strengths and weaknesses in your bookkeeping and accounting processes, so you can work with AccountingDepartment to improve processes and procedures for maximum productivity and profitability.
Virtual Accountants and Financial Controller Services
In addition to your full-charge bookkeeper, your virtual accounting department includes a financial controller. This person oversees your bookkeeper and reviews your company’s financial data with you, so you can understand what all the financial statements really mean. Think of this person as your trusted business advisor, a service you’re not likely to find in an in-house bookkeeper.
What Virtual Accountants Won’t Do
So you’re unhappy with your experiences with in-house bookkeepers and you’re contemplating virtual accountants. It’s important to understand the benefits, but also to know what virtual accountants won’t do for your company.
Your virtual accountant and financial controller won’t attempt to take control of your company. Your financial controller will provide advice, but the final decisions are always up to you.
Virtual accountants won’t gossip about your company. They live hours away and have nothing to gain and everything to lose by airing information about your company. If this has been a concern, in the past, with in-house bookkeepers, you can rest easy.
But if you’re looking for someone who will keep your books up to date and provide accurate financial reporting, you’re in the right place.
To learn more about how virtual accounting and bookkeeping can help you build a better business, click the button below to register for our free webinar on November 14th at 2pm EST.
