Why Virtual Bookkeeping Service are Rapidly Adopted?

Virtual Book keeping Services or Virtual Accounting is a new global trend where certified accountants offer their services remotely. Since the accounting activity doesn’t happen at your office, you save on the cost. Also, the accounting professional doesn’t travel to your office, so he can better utilize his time to service more businesses like yours.

The Virtual Bookkeeping function is exactly the same as a conventional Bookkeeping function performed in a company. However, it happens at a remote location. The difference doesn’t end here. Rather it just gets better after this. Here are the reasons why Virtual Bookkeeping Services are being rapidly adopted by companies.

• Hit the ground running – Virtual Bookkeeping is performed by certified accountants with years of experience in local accounting laws and procedures. This way you don’t need to hire and train employees in your bookkeeping department.

• Any time Reports – Generally Virtual Bookkeeping services offer dashboards or other means of instant access to your books. With just a few clicks you can access your financial reports and understand your financial positions. It saves businesses the cost of maintaining databases and books.

• Flexible – Scaling up your Accounts department as the business grows can be expensive and difficult. The difficulty lies in finding the right resources. But Virtual Bookkeeping services are very flexible and can be scaled up within a day. They are also ideal for very small businesses that may need intermittent services.

• Strategic Inputs – Virtual Book Keepers are equipped to provide strategic inputs like Job Costing and Unit Costing. A properly calculated value can actually enhance the profitability of a business. Businesses don’t have to rely on expensive consultants now.

• Economical – Since every Virtual Accountant is telecommuting and is servicing more than 1 client, their charges come down significantly. This provides businesses with the double benefit of getting an economical yet highly experience resource.

• Range of services – Virtual Bookkeeping covers the entire gamut of an Accountancy or Bookkeeping Department. Services include but are not limited to maintaining Simple Books of Accounts, Ledgers, Reconciliation, Bank Statements, Final Accounts, Management Accounting, Unit Accounting, Accounts Analysis, etc.

Around 2 decades ago, during the global outsourcing wave, payroll and taxation processes were outsourced to countries to earn cost arbitrage. This is certainly the logical progression of that initiative. In today’s connected world, businesses have the option to run a part of or the entire Bookkeeping function Virtually from any corner of the globe. Today businesses across the world are gradually moving on to this efficient, flexible, and cost-effective accounting practice as it allows them to focus on their core business.

Abroad Assistant provides specialized Virtual Bookkeeping Services with a focus on handling end-to-end operations. Abroad Assistant brings on board highly experienced and certified accounting professionals to handle all your Virtual Bookkeeping needs. The idea is to help clients focus on their core businesses and provide top class streamlined Virtual Bookkeeping services that help the bottom line of the clients.