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Showing posts from July, 2017

How can a virtual bookkeeper help my small business?

Many other duties and responsibilities must be done in addition to routine bookkeeping and accounting to keep a business running smoothly, which can sometimes be overwhelming for a small business owner. When you set up your business, one of your first decisions is to determine who should handle these accounting activities. Who can help you? A virtual bookkeeper could help. Virtual bookkeepers often invest heavily in developing and using advanced technologies that make your business operate more efficiently. How do businesses cope with this shortcoming? If you decide to outsource, there are two types of financial professionals to consider: a certified public accountant (CPA) and a bookkeeper. Each has vastly different skills and rates, and you will want to retain both, but for different tasks. To find a CPA, word of mouth is best. Alternatively, check out these three sites CPAdirectory , National Society of Accountants , and virtual bookkeeper Read More :  What services d

What services does a virtual bookkeeper provide?

A virtual bookkeeper can provide a number of bookkeeping and accounting services to your business: •    Accounts payable management (vendor bills and payments) •    Accounts receivable management (customer invoices and collections) •    Bank reconciliations (checking and credit cards) •    Electronic document management •    Inventory management •    Recording and reconciling payroll transactions •    Revenue reconciliation with bank deposits. With a virtual bookkeeper help you can have regular reconciliation of bank accounts (couple times per month) and can prepare cash flow forecasts as frequently as your business requires.