Virtual accounting: How to succeed remotely

Hiring a VA service can be a great way to augment your staff and improve your productivity. According to Thumbtack, accountants charge $30 to $300 per hour, depending on the services they offer and the size of the businesses they serve. Our managers are also there to provide any extra support that accounting professionals might need on the back end. Most busy accountants find that letting someone else handle the communication and training of their VAs saves them more time. Virtual assistants’ flexibility and cost savings make them an ideal solution for lightening the load of tax season.

Step 7: Stay updated

Finances can only be managed by systematic, organized tracking of inflow and outflow of money. So you need someone to arrange and present the data whenever required. A bookkeeping VA takes the repetitive accounting load off your shoulders and helps you spend time on other essential tasks. You’ll also have more downtime so you can improve your work-life balance. Being a small business owner, you’ll have to focus on hundreds of processes and tasks.

Cost-efficiency

Quickbooks, Microsoft Dynamics, and other cloud accounting software. With freelance VAs, you’re responsible for the hiring, training, and onboarding. When you already have a long to-do list, these tasks can hold you back from outsourcing. If you’re wondering, “What do accounting assistants do?” the broadest answer is anything routine, templated, and process-oriented. Virtual accountant assistants are not trained CPAs—they can’t do what you do.

1. We’ll also assist with scheduling candidate interviews and administering test tasks.
2. In short, you’ll have a virtual assistant bookkeeper working for you, but not from your office.
3. With a virtual accounting assistant onboard, your company will receive expert-quality work at all times.
4. Some VA service providers offer a task-based solution that charges for tasks, not hours.

If you’re still not entirely convinced that hiring an accounting VA is a viable business decision, here how to close a business are some of its pros you can consider. Expect that noises — children, dogs, or the weed-whacking gardener — can occur when you’re working remotely, but be truthful about other things that could impact a video or phone chat. “If I had bad Wi-Fi, I will tell clients what I’m doing and not try to hide it, and normally it creates a more positive spin on the conversation,” Davis said. The VA Handbook says that a VA based in the U.S. can cost as much as $60 per hour.

Discover how hiring a managed virtual assistant for CPAs and accountants can revolutionize your practice and give you the freedom to grow. HighRadius Autonomous Accounting Application consists of End-to-end Financial Close Automation, AI-powered Anomaly Detection and Account Reconciliation, and Connected Workspaces. Delivered as SaaS, our solutions seamlessly integrate bi-directionally with multiple systems including ERPs, HR, CRM, Payroll, and banks. Virtual bookkeeping involves managing financial records remotely using digital tools, offering flexibility and cost-efficiency.

Preparing and filing for taxes

When hiring a virtual assistant, of course, you’ll be concerned about the price of the labor. You’ll want to assess whether or not it is important to you to have a U.S.-based or English-fluent VA on your team. This is especially important if they will be working with clients or other team members.

Instead, a virtual accountant seamlessly manages everything from bookkeeping to tax preparation, all from a remote location. This shift isn’t just about convenience; it’s a transformation in how businesses operate. Virtual accountants bring expertise and efficiency without the need for a physical presence, allowing business owners to focus on growth while ensuring their finances are in capable hands.

They provide tailored business process outsourcing and staffing solutions, connecting companies with skilled accounting virtual assistants to streamline financial tasks efficiently. Virtual accountants can utilize HighRadius’ Record-to-Report Software to streamline and automate the entire financial close process, from recording transactions to generating reports. HighRadius not only saves time but also allows for remote deployment, making it easier for accounting professionals to manage financial operations from anywhere. HighRadius prioritizes data security and privacy, meeting key compliance standards such as GDPR, HIPAA, SOC 1 Type structured finance and securitization 2, and SOC 2 Type 2, ensuring your data remains confidential and secure. This provides peace of mind while managing month-end closings, reconciliations, journal entry management, intercompany accounting, and financial reporting for businesses globally.

Conventionally, a business hires an accountant solely to manage finances and perform bookkeeping tasks — a luxury most small scale businesses can’t afford. You must identify which tasks to delegate to stay on top of your business. Hiring a virtual assistant who can take over accounting tasks can help you and your in-house team be more productive. Discover the benefits of hiring a virtual project manager or project management virtual assistant how much does bookkeeping cost to streamline your business operations and boost efficiency.