29/05/2022
Blog #4 - Benefits of a Virtual Bookkeeper
Virtual bookkeeping is becoming increasingly popular especially with a lot of businesses moving to online contractors due to the pandemic. Here at Blitzn Business Services we are a virtual bookkeeping service that will help you stay on top of your accounting and bookkeeping needs as if we were an onsite employee.
How does it work?
Blitzn Business Services will categorise your transactions and prepare financial statements for your business to assist your Accountant or Auditor. There are a couple of ways this works.
1. Blitzn Business Services will work remotely connecting to your online cloud-based accounting software (such as Reckon Online, MYOB Account Right) with my own secure login.
2. Your business will grant Blitzn Business Services access to remote access into its server, software, and financial documents. Blitzn Business Services signs onto the business’s secure network remotely and accesses all documents just as if we were logged onto an on-site computer.
Top 3 benefits of a Virtual Bookkeeper
1. Cost effective
Hiring a virtual bookkeeper is a highly cost-effective way of managing the financial side of your business minus the expenses and employee costs of hiring a fulltime accounting professional.
• Blitzn Business Services does not require office space or supplies, and require no insurance, benefits, or employment taxes. This is huge savings for you.
• Blitzn Business Services offer flexible availability and can work as little or as much as your business needs; this can be especially beneficial for small business that may not need a fulltime onsite bookkeeper or whose income fluctuates.
2. Less worry and more time
• Blitzn Business Services is there to make the day-to-day operations of your business a lot smoother by understanding the ongoing benefits of innovative technology that can save your business time and money.
• We will keep track of your accounts receivables and accounts payables and take care of the mundane time-consuming tasks of accounting. You will soon realise that you have more time to devote on more important tasks, such as strategising, marketing or just time to spend with your family.
3. Monitor your KPIs
All businesses whether they are small or large need to understand your businesses financial standing. To determine this, you will need reports. These are the Profit and Loss Statement, Balance Sheet, and Cash Flow Statement. With much needed assistance from Blitzn Business Services, it becomes much easier to manage and monitor your business’s key performance indicators.
So, are you ready to try a Virtual Bookkeeper? Email Blitzn Business Services now.
