Thanks to high-speed internet and secure cloud-based software and online platforms, companies are no longer limited to in-house staff or local firms for their accounting. More and more companies are turning to virtual or remote accountants to handle these services. A virtual accountant is someone who provides professional accounting services remotely by leveraging technology. This outsourced solution can be a flexible and efficient way for businesses to manage their finances.
How a Virtual Accountant Could Benefit Your Business
From cost and time savings to flexibility and real-time access, working with a virtual account offers a number of benefits.
Cost Effective
Working with a virtual accountant or bookkeeping can eliminate overhead costs of a traditional in-house staff. You also have a lot more flexibility to only pay for the services you need with many virtual accountants offering hourly rates, monthly packages, or service-based fees.
Specialized Expertise
When searching for a virtual accountant, you are not limited by your geographical location. This opens up your options to find a firm that specializes in your specific industry or has additional experience, credentials or specialized expertise that would be beneficial to your business.
Increased Efficiency
By utilizing modern, cloud-based software, virtual accounting can streamline many accounting and bookkeeping tasks, saving time and reducing errors. This timely, accurate reporting also provides you with a clear picture of your business’s financial state so you can make informed decisions, spot issues, identify trends and adjust strategies quickly.
Scalability
Most remote accountants offer scalable services, making it much easier to increase or decrease your accounting services through them than it would be to hire, train or lay off employees when your needs change. This scalability can be particularly valuable for businesses in retail and tourism who experience seasonal fluctuations.
Expert Support & Enhanced Security
Not every small business is going to be able to invest in the latest technology or stay up to date on all the newest tax laws and regulations. But partnering with a virtual accountant will give you access to their cutting-edge accounting software, robust security and expert industry knowledge.
Get Started with a Remote Accountant
Arsenault CPA Firm specializes in outsourced accounting for small to medium-sized businesses. We offer a full range of accounting, bookkeeping and tax services utilizing cloud-based accounting software and a secure online client portal, ensuring accurate and compliant books and all the support and tools you need to grow your business. Contact us today for a free consultation.