It’s amazing how much more digital the world has become. Marketing and sales has started to become so much more digitized. It’s hard not to watch one of your favorite YouTube channels without digital advertisements popping up. It’s exceptionally easier to buy products and services now from the internet as well. One of the greatest aspects of technology in the modern world is the easy access to resourceful information too, a great feat for the human race. We are traveling the stars now, and our satellites are relaying back to us information about this great big galaxy we have only really started to get to know more about.
Isn’t it amazing that a lot of this amazing technological feats we have established can also consider remote bookkeeping to be one of those great feats of the human race!
Things you need to know about Remote Bookkeeping
Onsite bookkeeping vs. remote bookkeeping
Remote bookkeeping doesn’t really mean that onsite bookkeeping has gone anywhere, nor is onsite bookkeeping in any way, shape, or form leaving us. To be honest, onsite bookkeeping is probably as more important now than ever. Onsite bookkeeping allows for small to medium size businesses to communicate with a professional bookkeeper, perhaps from a bookkeeping firm offering onsite bookkeeping services. Why this is fantastic for small to medium size businesses, is that they can get a professional opinion, from a third party group (the onsite bookkeeper) about your financial statements, and see things that your own bookkeepers and accountants are not perceiving.
Your new onsite bookkeeper can also even educate you more on what your financial statements are telling you. Being a busy business owner of your own small to medium size business, you probably don’t have any time, nor any idea of how to read or make a financial sheet. Having an onsite bookkeeper to assist you will be beneficial in reading your own financial sheets.
If you are not socially happy with your current onsite bookkeeper, or they cannot provide to you the type of service you are looking for, you can easily exchange that bookkeeper for a new one. Still, it’s resourceful to have an onsite bookkeeper, even if you are a big business entity needing an extra hand, or if you want to talk to a professional about your monthly reports.
But if you are looking for a more cost effective solution, then using remote bookkeeping services could be the path for you.
Remote bookkeeping services
With a remote bookkeeping service, the bookkeeping service is away from your office, and you’ll be connected to the bookkeeping agency via remotely. Depending on the software and services the remote bookkeeping agency offers and uses, you’ll probably have to send them financial documents, such as your invoices, bills, bank statements to give them an accurate decision of your current financial situation.
At most agencies, you’ll have to ask them how often they will do their reporting, whether it’s monthly, quarterly, or yearly. Some agencies vary with that offering.
If you feel comfortable obtaining email instead of face to face interaction about your financial situation, or about your financial report, than fear not remote bookkeeping. It certainly a cost effective way for you to even analyze your own reports virtually on cloud accounting software offered by remote bookkeeping agencies.
If you’re planning to offer remote bookkeeping
If you are a bookkeeping agency, interested to transition into remote bookkeeping services, it’s important to know what your current clients think about this new service. Perhaps, they will feel more comfortable with its cost effective nature.
You’ll definitely need to work on your pricing, and understanding which remote bookkeeping financial software your company is going to invest in, like Quickbooks, Zoho Books, or Xero. Once you find the right services for you to offer your potential clients, offer reporting through virtual bookkeeping, or if your clients insist on onsite reporting, have that option available for them.
Remote bookkeeping is certainly a valuable service to offer, and lots of businesses will find it to not only be cost effective, but a useful tool to their business. Making sure you offer the correct data, and you input data correctly into your accounting software is the biggest step towards accurate reporting you need to take.