Why You Need a Virtual Bookkeeper:

Save on Payroll (And Operating Costs) So You Can Spend on Growth

One of the most obvious (and important) benefits of outsourcing bookkeeping is that it helps you save money. When you take on a bookkeeper, you’re paying them an hourly wage or annual salary. Naturally, keeping payroll costs low should be a priority.

But, hiring an employee involves more costs than simply payroll. Additionally, you’ll also have to factor in the other costs of hiring an employee, like:

  • Insurance

  • Benefits

  • Training

  • Recruiting

  • Retention

  • Absenteeism

  • Separation

  • Human Resources

  • Legal

  • Errors and omissions

  • Increased operating or facility costs

Outsourcing this essential task can give your business more than you’d get with a traditional in-house bookkeeper. Rather than putting your payroll funds toward support staff, spend more on employees that support the core of your business, increase your cash flow, and maximize your profitability. Utilizing Sage’s online accounting and bookkeeping services gives you the freedom to spend wisely while growing your business.

Save Time & Minimize Paperwork

It’s no secret that logging, analyzing and reconciling payments and other financial records takes time out of your day. One of the benefits of a virtual bookkeeper is that you can buy your time back — at a much lower cost than your lost opportunities...

By outsourcing this tedious, time-consuming task, you can attend to the things that require your attention. You’ll have more free time to improve customer service, evaluate processes, and refine the profitability of your operations.

Without requiring work on your end, you’ll also free yourself from piles of physical paperwork.

Access a Robust, Centralized Cloud-Based Bookkeeping System

21st century bookkeeping doesn’t operate on pen and paper. Instead, the process is streamlined by utilizing online portals that handle everything, — opening the door to new capabilities. Because it’s based in the cloud, we can both access your records at any time.

This streamlined cross-collaboration means we can instantly input your expenses and/or income. It also allows you to instantly view your finances, with new transactions included, at the touch of a button.

Centralizing this information keeps all aspects of your financial record keeping organized. Anyone in your organization can view or alter this data — while the bookkeepers handle the day-to-day. 

Reduce Errors and Maximize Accuracy Without a Training Gap

When you hire an in-house bookkeeper, you accept a certain margin of error while waiting for them to settle in. Before the numbers can be perfect (or even reliable), bookkeepers need an adjustment period. Sage’s virtual bookkeeping services alleviate that challenge by affording maximized efficiency on day one. When you take advantage of our cloud-based, virtual bookkeeping services, you’ll have an expert team on your side that’s trained to handle everything. 

Intuit’s QuickBooks Online AI integrated accounting software seamlessly tracks your finances, and Sage’s expert oversight is always there to resolve any issues immediately.

Full-Service Bookkeeping and Accounting 

Virtual bookkeepers do a lot more than just keep the books and track expenses. As you explore the benefits of outsourced virtual bookkeeping, you’ll learn that’s only the tip of the iceberg.

When utilized to its full potential, virtual bookkeeping services bring a lot more to the table: You can view the financial status of your business as money moves in and out. Whether you’re in crisis, stasis, or growth mode — these insights go a long way — and are always to your benefit by giving you more detailed insight into the fiscal dynamics of your operations.

Get Detailed Financial Reports Without Paying for An Accountant

Beyond the simplicity of data entry, another benefit of outsourced bookkeeping is the financial information that comes with it. At the click of a button, you can access financial reports that give you more specific information about your business. You can view your cash flow history, profits and losses, or a balance sheet. 

Because virtual bookkeeping services meticulously record this information, viewing it is quick and easy. You can easily share this information with partners, employees, code compliance agents, legal counsel and financial advisors. As your business grows, quantitative insights like this are invaluable.

Make Smarter, More Informed Business Decisions

The best business growth decisions are often backed by the instincts you’ve acquired over time — but having the numbers on your side helps too. With financial intelligence about your business, you can make better, more informed decisions to support your intuitive insights.

Virtual bookkeeping platforms give you the information you need to determine which customers, suppliers, services or clients are advantageous to your profitability parameters — and which are not.

Similarly, these reports can help you analyze when you need (and can afford) new employees. Once you have the fiscal data, you can calculate how much you can afford to pay them.

Prepare for Tax Season With No Extra Effort

Among the many other benefits of outsourced bookkeeping services, your simplified tax preparation process and continual full compliance status will take unnecessary stress off your shoulders. Instead of scrambling to get your numbers in order, virtual bookkeeping offers a continuous state of preparation. You are always in a state of compliance and able to file immediately, allowing you to take advantage of potential tax deductions on and on-going basis.

Fully Scalable As Your Business Grows

As your business grows, you are able to scale your financial accounting seamlessly and minimize your costs while introducing capabilities that can take you to the next level!

Stress Alleviation

Stress is an often overlooked factor in the success and longevity of business enterprises, and the ripple effect of stress affecting one’s home life and familial harmony are important considerations of immense value. The ramifications of stress on one’s physical and mental health, quality of life, and work/life balance should be a fundamental pillar of any business plan in our humble opinion…