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Bookkeeping is an essential activity for any business, but it can be tedious and time-consuming. Virtual bookkeeping has emerged as a solution for small businesses and startups that want to focus on core activities while outsourcing bookkeeping tasks.
In 2024, virtual bookkeeping companies continue to provide much-needed services for growing businesses looking to cut costs and improve efficiency. This article examines virtual bookkeeping, why it's important, some top virtual bookkeeping companies, and what makes Profitjets, accounting services, stand out for these services.
Table of Contents
What is Virtual Bookkeeping?
Virtual bookkeeping refers to outsourcing bookkeeping tasks to an off-site third-party provider. Rather than hiring an in-house bookkeeper, companies can hire remote bookkeepers to handle tasks like:
- Recording transactions
- Reconciling accounts
- Producing financial statements
- Preparing sales tax returns
Virtual bookkeeping provides the expertise of a bookkeeper without the expense of having one full-time on your team. Services can be scaled up or down as needed.
Why is Virtual Bookkeeping Important for Small Businesses?
For startups and small companies, handing bookkeeping off to a virtual provider has many advantages:
- Cost Savings - No need to provide salary and benefits for an in-house bookkeeper
- Improved Efficiency - Let specialists handle bookkeeping while you focus on core business
- Access to Experts - Virtual platforms provide access to financial experts
- Scalability - Easily increase or reduce services as your business changes
- Compliance - Ensure your books comply with all tax rules and regulations
As a small business, having accurate and timely books is crucial but challenging. Virtual bookkeeping provides a flexible, cost-effective solutions
The Importance of Choosing the Right Virtual Bookkeeping Companies
While outsourcing your bookkeeping needs can provide tremendous value, choosing the right provider for your business is vital. The wrong choice can lead to:
- Inaccurate books and financial statements
- Missed tax deadlines and penalties
- Poor cash flow visibility
- Financial confusion and poor decision-making
To maximize success, partner with a virtual bookkeeping firm that provides:
- Quick turnaround times on requests
- Detailed reports and financial statements
- Year-round tax planning guidance
- Proactive advice and consulting
- Easy-to-use online software
- Scalability as your business grows
Following a documented onboarding process also helps ensure the optimal setup of your company file, accounting methods, and reporting needs from day one.
Companies That Offer Virtual Bookkeeping
Many companies now provide specialized, targeted services when looking for help with virtual bookkeeping. Some top options include:
- Profitjets - One-stop finance solutions, including unlimited bookkeeping and controller services.
- Merritt Bookkeeping - Focused solely on bookkeeping with unlimited services for a flat monthly rate.
- Bookkeeper360 - End-to-end solutions, including bill pay, payroll, and CFO advice.
- inDinero - Comprehensive package handles accounting, payroll, and tax preparation.
- Patriot Software - Cloud-based software plus remote bookkeeping assistance.
These are just a few choices for virtual bookkeeping assistance at varying price points and service levels.
Why Choose Profitjets for Virtual Bookkeeping Services
As the needs of modern businesses get more complicated, having an experienced finance team in your corner becomes extremely beneficial. Profitjets provides complete outsourced financial services for startups and small businesses.
Some key reasons why clients choose Profitjets for virtual bookkeeping services include:
- Flat monthly fees, unlimited services
- Dedicated US-based accounting team
- Proactive bookkeeping and reporting
- Powerful online dashboard
- Daily/weekly catch-up calls
- Advisory services from qualified experts
- Scales as your business grows
By leveraging Profitjets for reliable and timely bookkeeping, business leaders can focus their energy on accelerating growth.
Interested in learning more about how virtual bookkeeping from Profitjets can benefit your business? Schedule a consultation today to discuss your unique needs.
The Power of Unlimited Services
One key differentiator that makes Profitjets stand out from many industry players is offering unlimited bookkeeping support for a flat monthly rate.
With Profitjet’s premier plan, clients gain 24/7 access to:
- Daily transaction recording
- Accounts reconciliation
- Sales tax calculations
- Financial statements
- Cash flow analysis
- Audit and compliance support
Since costs are fixed monthly, there are no surprise expenses as needs evolve. Profitjets' remote accounting team essentially functions as an extension of a client's finance team.
Whether activity decreases during slower months or ramps up rapidly during growth spurts, clients pay the same fee for ongoing access and support. This gives the flexibility small business decision-makers need as they scale.
By leveraging unlimited virtual bookkeeping from Profitjets, leadership teams remain confident they have the financial visibility and advice needed to drive strategic decisions focused on growth.
