If your business is at the phase where you need to recruit a bookkeeper, you will have to choose between on-site or remote bookkeeping service options. You are most likely already know what bookkeeping is, or you have previously collaborated with the bookkeeper.
While on-site bookkeeping covers your business needs, it also has some limitations, especially for startups and small companies.
Growfair Bookkeeping Services benefits your business by providing access to a large pool of bookkeeping experts who can follow your books without visiting the office. Let us discuss Growfair Bookkeeping Services and how to hire the right specialist remotely.
How does Growfair Bookkeeping Services work?
Growfair Bookkeeping Services works on the same principles as traditional accounting, or interaction with a third-party specialist who performs the work on-site. The difference is that such bookkeeping services may be obtained from any part of the planet.
In some situations, the remote bookkeeper is still on the organisation’s staff, while in other cases, the enterprise delegates the same activity to an outsourcing firm. They offer remotely the same bookkeeping services as a standard bookkeeper, including:
- reconciliation of accounts,
- creation of economic reports,
- payroll work,
- budgeting,
- elimination of any financial mistakes,
- control of the payment of bills, etc.
The virtual bookkeeper utilises online applications to monitor your economic information through a cloud structure. It guarantees you up-to-date data and provides precise financial statements to assist you in making crucial decisions.
Recruiting a bookkeeper remotely provides versatility, and you can get an economic system dedicated to your accounting objectives. Besides, Growfair Bookkeeping Services is more cost-effective than recruiting a staff specialist.
What are the benefits of Growfair Bookkeeping Services?
You may wonder why many cutting-edge companies choose a remote bookkeeper over the traditional staff hiring approach. Let us talk about how a virtual bookkeeper may benefit you and your enterprise:
- Access to talents: While all bookkeepers are different, many are unworthy proficient with years of experience in finance. If you are recruiting a full-time expert, you may choose a less qualified employee who requires less pay. Growfair Bookkeeping Services gives you access to a pool of top talent at no extra cost.
- Save time: Now that financial obligations have been removed from your to-do checklist, you can concentrate on critical objectives to improve your business. With Growfair Bookkeeping Services, you may rest easy knowing that any movement of capital is registered and processed.
- Capital savings: The cost of financial services is determined through wages. The average U.S. accountant’s salary in 2023 is around £32,000 per year. If you add health insurance and other benefits to this sum, the cost of hiring will be high. A virtual bookkeeper provides accurate online bookkeeping at a more affordable price. You will also save on purchasing furniture, stationery, and other costs associated with hiring.
- Forecasting and accuracy: When making forecasts, you cannot just rely on intuition; you need actual numbers to make informed decisions. When you invest in Growfair Bookkeeping Services, the ROI you get from increased forecasting accuracy is impressive.
Online bookkeeping maintains transparency in customer relationships and allows you to store all information on a secure portal. In addition, you can avoid losing important data during natural disasters and other unforeseen situations. According to research, organizations utilizing Growfair Bookkeeping Services are more likely to grow by 15 percent in year-over-year earnings.
How to find a good bookkeeping service
Perhaps your business is rising, and controlling finances is becoming increasingly difficult. Or you are considering selling the enterprise in the future, so you must keep your finances in order. Or you are tired of learning new financial programs. Fortunately, a remote bookkeeper will assist in optimising the economic sector of the enterprise. Here are the main things to keep in mind when choosing an optimal online specialist:
Software
If you prefer FreshBooks, but you are interacting with a bookkeeper that used to work with Xero or other financial programs, working with them will be challenging. So be sure to ask the expert which apps he uses and why. You will be more comfortable working with other platforms or have to look for another bookkeeper.
Experience in your industry!
When interacting with an insufficiently competent bookkeeper, your company is at significant risk. The consequences of incorrect ledgers can range from bad business decisions on your part to incorrectly completed tax returns. That is why finding a financial expert who knows your area is essential.
Discuss with your would-be virtual bookkeeper expertise in your field and how many customers they already have in that area. It is a common practice to request a few reviews to ensure the service is correct.
The presence of a bookkeeper on the Internet
Companies that offer bookkeeping services should be presented on social media. Bookkeeping specialists must participate in forums on LinkedIn and generate quality content on their sites. This way, you do not have to take their word for what they can do to perfect your business. If a specialist makes recommendations that are useful to other enterprises, you will be able to see them.
Methods of dealing with clients
Online bookkeeping is always about efficiency. Are you waiting for a remote bookkeeper to find time to chat with you, or do they have a scheduling application? How fast does he respond? If he is underperforming at the negotiation stage, he may not be up to the task when you become his client.
Take an interest in the work process. Does the virtual bookkeeper use a similar algorithm? A bookkeeper should be able to explain all the steps to you; otherwise, it might be a bad sign.
Pricing
Bookkeeping services will charge an hourly or flat rate. The time a specialist spends on your business depends on the number of monthly transactions, the number of employees, and the complexity of the industry. A higher priority option is a fixed price, where you pay a monthly fee to get a particular set of services.
Bottom line
Bookkeeping is a mandatory element in the activities of large and small enterprises. The risk of making a mistake may cause a lot of anxiety and even lead to severe problems. Growfair Bookkeeping Services offers a cost-effective, efficient, and accurate online accounting for small business.
Make your life easier with a qualified virtual bookkeeper. Our experts will monitor the input and consistency of information and take over reporting responsibilities so you can start implementing your business strategy.