If they are using different software and tools, you should figure out why and use that to determine if you really want to work with them. Selecting the right virtual assistant for accounting/bookkeeping means finding someone who aligns with your business in skill, communication, security, and culture. In fact, you may find you rarely need to meet with your local bookkeeper in person. That’s because local and virtual bookkeepers are becoming more and more alike in both their services and how they offer them. In addition to their integration capabilities, you also get access to a web and mobile app for Android and iOS devices. The app includes built-in video messaging and a dedicated chat system, making it easy for businesses to communicate with their virtual assistant no matter where they are.
Expense Tracking and Reporting
For a bookkeeper, working virtually provides convenience in the form of schedule flexibility and the ability to work from home. Because bookkeeping is going to cost you no matter how you take care of it. For pricing, $210 a month gets you 5 hours of an administrative assistant to handle your books. For bigger businesses, the price increases as more hours of work are required. You may be better off with a virtual bookkeeper who is already familiar with businesses like your own. They’ll categorize transactions for you and be more familiar with tax deductions and credits relevant to your business.
Enhanced Focus on Core Business Activities
With these five apps alone I can manage every aspect of my clients’ needs. Adding a virtual assistant bookkeeper to your financial processes can be tricky. This step involves reviewing your current processes to see where a virtual assistant fits best and training everyone to work well together. Delegating financial tasks to a virtual assistant allows business owners to focus on growth and innovation. This shift enables better resource allocation and opens up opportunities for higher returns. MyVA360 understands the importance of finding the perfect fit for your organization.
Virtual Assistant Bookkeeping Process for Maximum Transparency
As a Virtual Assistant, you can potentially be eligible for a variety of tax deductions. These may include deductions for the home office, office supplies, software subscriptions, telecommunications expenses, or professional development costs, among others. However, navigating tax laws can be complicated and specifics can vary depending on your location and individual circumstances. Our platform enables you to automate data entries from all major providers, helping to eliminate typical errors. We work closely with service providers like Gusto, Stripe, Shopify, and Square— ensuring your financial records are without fail, accurate. At Bench Accounting, we keep our virtual assistant clients constantly updated with their bookkeeping needs.
statements, chasing past dues, and managing your accounting software (Quickbooks®, Xero®, etc.).
When you hire an experienced accounting virtual assistant, your VA may have ideas on better categorizing your expenses and accounts. It will help you manage and understand finances for better, faster decision-making. Virtual assistant services are worth it for many individuals and businesses. They offer cost-effective support, without having to worry about the time and expense of hiring and onboarding an employee.
On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs. Although the savings are attractive, consider putting the commitment off until you build a relationship with the platform and you’re confident of the services you need. Pay month-to-month initially until you’re certain you’re willing to commit to one year of service. Bookkeepers and U.S.-based assistants are competitively priced while India-based assistants may be slightly more expensive than some of their Philippine counterparts sourced by other VA platforms. However, Wishup assures that all candidates are vetted and selected from the top 1% of applicants with at least five years of experience, potentially explaining the slightly higher hourly rates.
While pricing starts at $149 per month, it may be difficult to predict how much Wave bookkeeping will cost your business. There are no publically available pricing tiers—you’ll virtual bookkeeping services have to book a call with Wave to get a quote. A virtual bookkeeper handles your bookkeeping remotely—they may not be in your town or even your time zone.
You’ll receive an assistant who will be on call to service your account during your time zone’s hours. Your assistant will respond to any new tasks you may assign in two hours or less, with an estimate of how long the assignment should take to complete. Should your VA be unable to complete a task, they will find another assistant to step in and complete the assignment. The hiring process starts with a consultation to determine the type of assistant your business is in search of.
- Managing the vast amount of financial data involved in running a business can be challenging.
- As a business owner, you understand the importance of keeping your finances in order.
- This is made possible through accounting software that allows you and your bookkeeper to share an account.
- The free version of Microsoft Teams provides unlimited chat, built-in group and one-on-one audio or video calling, 10GB of team file storage, and 2GB of personal file storage per user.
- Delegated is one of the leading platforms to hire online bookkeeping services.
- We also preferred companies that proved to us that they had measures baked into their process to ensure success, and some even have formal money-back guarantees.