Bookkeeping: How To Go Virtual

When it comes to weighing the pros and cons of hiring a virtual bookkeeper, we know there’s a lot to consider. This should help…

When it comes to weighing the pros and cons of hiring a virtual bookkeeper, we know there’s a lot to consider. The health and vitality of your company’s finances are nothing to be taken lightly, and as such, any decisions on how they’ll be managed – and by whom – are paramount.

But your finances are not the only thing you juggle.

So in an effort to help you save precious, precious time on research – Are you ready for a virtual bookkeeper? What are the reasons to hire? What are the benefits? What can you delegate? – we’ve put together this handy little cheat sheet for you since virtual bookkeeping is totally our lane, wheelhouse, and purview.

Consideration: Are You Ready?

“Deciding to do – or not do – your own bookkeeping is much like deciding whether to change your own oil or hire a mechanic.

“Sure, you could do it yourself and save some money – that is, if you know what you’re doing – or you could end up making a huge mess and, potentially, some costly mistakes.

“And when it comes to deciding whether you can handle your bookkeeping or whether it’s better left in the hands of a professional, it’s often helpful to ask yourself some soul-searching questions.

“So join us, if you will, on a ‘Choose Your Own Adventure’ where you’ll answer four questions in order to determine whether or not you should handle your bookkeeping – or call in the professional cavalry.”

To find out if you’re ready to use virtual bookkeeping, read more here.

Reasons: Why Hire A Virtual Bookkeeper?

“We don’t mean to brag but … we know a thing or two about outsourcing. It’s kind of our thing.

“So when we’re asked the inevitable question, ‘Why hire a virtual bookkeeper instead of [insert: doing it myself, hiring an in-house accountant or hiring a CPA]?’ – boy, do we have answers.

“Like, endless reasons why business owners should use outsourced bookkeeping.

“But if you’re still hemming-and-hawing about why you should outsource your bookkeeping, allow us to introduce the following arguments and evidence.”

If you need more reasons to consider hiring a virtual bookkeeper, read more here.

Benefits: What Are The Benefits of Virtual Bookkeeping?

“BREAKING NEWS: Bookkeeping is far more than simple data entry. And a virtual bookkeeper can benefit small businesses.

“Sure, in the earliest stages of starting a business, a solopreneur can carefully tread the waters of managing their own finances, but there will hopefully come a time when your business has grown beyond the bounds of your grassroots bookkeeping capabilities.

“And somewhat inevitably, you’ll hem-and-haw at the prospect of paying someone to do something that, until this point, you felt comfortable handling yourself. You could hire an in-house accountant or bookkeeper, right? But hiring a full-time employee is expensive with payroll taxes, benefits, health insurance, and more. Here’s what employee burden costs look like.

“So if hiring an in-house bookkeeper is too expensive, and your time is too valuable for you to be able to afford your own hourly rate as a makeshift bookkeeper, what can you do?

“ANSWER: Hire a virtual bookkeeper.

“By outsourcing your bookkeeping, you save money by not paying full-time or part-time employees and only paying for what you need – nothing more, nothing less.”

To learn more about the benefits of hiring a virtual bookkeeper, read more here.

Delegation: What Can A Virtual Bookkeeper Handle For You?

“Listen. We get it; we’ve been in your shoes as small business owners. You have a dream, a passion, and bit-by-bit, day-after-day, you pour all of yourself into seeing that dream become a reality. And that kind of grassroots grind means you likely have to wear a lot of hats – all of them, probably – until your dream takes flight. So you manage your own scheduling, marketing, bookkeeping, web design, and more – but there’s only so much of you to go around.

“And again, we get it: It’s hard to turn over any control of your business but if you have any hopes of evolving from a solopreneur operation, it may be time to call in the virtual cavalry – especially when it comes to your bookkeeping.”

For more on how to delegate to your virtual bookkeeper, read on here.

When it comes to handing over the reins to something as critical to the success of your business as its finances, it’s important to do your homework. We hope these virtual bookkeeping Cliff’s Notes help to answer all your questions, quell all your concerns, and inspire you to make one of the best, most rewarding decisions for your business today.

And if you still have questions, concerns or need more convincing, no worries! Contact us for even more on how a virtual bookkeeper can help you get back to what matters most: growing your business.