Why Virtual Bookkeepers Are Great for Small Businesses

As your small business grows, you’ll likely reach a point where you may consider hiring a bookkeeper.

This then begs the question: How do you know you’ve reached the point of needing to hire a bookkeeper?

Step 1. Is It Time To Hire A Bookkeeper?

Gut-check time: Ask yourself…


Are your books not up to date?


Do you keep receipts in a shoebox?


Have you divvied your bookkeeping tasks to employees who aren’t bookkeepers?


Have you pinned all your hopes on TurboTax?


Are your invoices still unsent or regularly late? Or you lack confidence in your bookkeeping skills?


Have your sales increased but your profits haven’t?


Are your bank statements not reconciled?


Are your books only updated just before tax season?


Do you lose sleep wondering if you missed tax deductions?


Do you have unpredictable cash flow?


Does bookkeeping take time away from dreaming, growing or leading?


Ever wondered if you’re overpaying someone to clean up your messes?

If you answered a sheepish ‘yes’ to any of the above questions, you’re in good company. Most of us aren’t equipped to handle our own finances as our business grows. Thankfully, this is a good problem to have. Think about it: If bookkeeping were for everyone, then we wouldn’t need bookkeepers, right?

So, now you know you want one – but you aren’t entirely clear on what they can take off your plate, and that of every person you’ve enlisted to help you shoulder the burden of your books.

Step 2. Understand What A Bookkeeper Can Provide

Here are just a few reasons you should hire a bookkeeper for your small business.

Long-Term Savings

Fewer things will prove as costly as poor money management for your small business. But hiring a virtual bookkeeper will allow you to save more while getting the maximum value for your business. Further, virtual bookkeeping services are far more cost-effective than having a salaried bookkeeper.


Virtual bookkeeping services have experienced, trained bookkeepers who will manage your bookkeeping on your schedule – without worrying about the bottom-line impact of paying a full-time salary, sick days, holidays and benefits.

Objective Financial Advice

With a third-party involved, you get an unbiased, expert opinion on the financial health of your business. And with that perspective, you can make informed business decisions to impact the health and vitality of your business.

Accurate Financial Reporting

When you’re juggling it on your own, bookkeeping can often take a back seat – but it can’t afford to. Virtual bookkeeping services can provide updated financial reporting in real-time so once tax season rears its head, your accounting is ready to go.

Cash Flow Management

With a virtual bookkeeper for your small business, you can easily refer to your financials and evaluate your profits. Further, you can closely monitor both your payables and receivables to increase your cash flow, making your operating activities easier.

Save Time

Hiring a virtual bookkeeper to check off those tasks that inevitably end up dead last on your mile-long to-do list will save you time, stress, and a huge headache when the end of the year rolls around.

Peace of Mind

Need we say more? Because really, if none of the aforementioned benefits for hiring a virtual bookkeeper for your small business resonate with you, surely you can appreciate the pricelessness of something – anything – giving you peace of mind while you juggle literally everything else.

Whether you’re a billionaire tycoon – we can dream, right? – or a small business run from a home office, managing your bottom line is the difference between success and failure.

If you’re ready to wave the white flag on handling your red and black margins, let one of BELAY’s experienced virtual bookkeepers help! Contact us today to fill out a questionnaire, get paired with your dream bookkeeper and regain your peace of mind – and wonder why you waited so long.