Remote or virtual accounting is a lot like traditional brick-and-mortar accounting. It provides the same services, only remotely by leveraging technology and it can be a flexible and efficient way for businesses to manage their finances.
What Is a Remote Accountant?
A remote accountant is like any other accountant, only they are able to provide their services remotely. Rather than meeting with clients face-to-face and gathering physical documents and receipts, a remote accountant runs their business online. By utilizing technology such as cloud-based accounting software, online platforms and video conferencing, they are able to provide all the same financial management services efficiently and securely from anywhere there’s an internet connection. And since clients are able to log into that same cloud-based accounting software, they have more flexibility and transparency when it comes to their financial records, and they are not limited to the accountants that are within driving distance.
How Does Remote Accounting Work?
Virtual or remote accounting gives you access to professional expertise anytime, anywhere. After a simple on-boarding process, you can communicate, collaborate, share documents, track tasks and more, securely and efficiently. Here are some of the tools that we use to provide our accounting services to clients virtually.
Cloud-Based Platforms & Software
Most remote accountants utilize cloud-based accounting software. We use both QuickBooks Online and Xero. These tools provide increased accuracy and efficiency, offer real-time data and reporting, and enhance security.
Digital Data Sharing
No need to hand off hard copies. Through our secure client portal, you’ll be able to upload, transfer, manage, share, review, access and sign financial documents, receipts and invoices securely with just a few clicks.
Remote Access
Through secure online portals, remote accountants and bookkeepers are able to access and manage a business’s financial information, generate real-time reports, and collaborate with clients from anywhere in the world as long as there’s an internet connection.
Seamless Communication
Utilizing video calls, instant messaging, two-way texting, emails, and secure client portals, we are able to communicate and collaborate with our clients no matter where they are in the world.
Automation
Remote accounting often utilizes automation tools to streamline tasks, enhance efficiency and reduce manual errors. You can also have automatic reminders set to keep you on deadline.
Real-Time Reporting
Through our online client portal, in addition to monthly reports, you can access or download up-to-date income statements, balance sheets and more at any time.
Increased Security
To protect sensitive financial data, reputable remote accounting firms will implement multiple layers of robust security measures. This can include encrypted communication channels, two-factor authentication and regular security audits.
Remote Accounting Services
Our highly experienced team specializes in outsourced accounting for small to medium-sized businesses. Utilizing cloud-based accounting software and our secure online client portal, we are able to offer the following accounting services remotely:
- Monthly financial statements
- Accounts receivable
- Accounts payable
- Reconciliations
- Payroll
- Employee expense reports
- Sales tax filing, New Mexico GRT and payment
- Business advice and financial consulting throughout the year to drive profitability and reduce costs
For more information or a free consultation, contact us today.