When starting a web business, the financial transactions are usually less and it’s easy to keep record of the payments, expenses, etc. But, in a month or so when the business develops, more transactions are made which results in more time being spent on data recording or more commonly, “bookkeeping”. From the money spent on office accessories to the payment of employees, all the data has to be processed and recorded which is difficult for the business owner alone.
As time goes on the owner gets more and more involved in bookkeeping. This will give him less time to communicate with his clients and thus, the efficiency of the business decreases. To rescue the businesses from this overwhelming nightmare, the idea of “virtual assistant bookkeeping” is introduced.
What is a virtual assistant bookkeeping?
Bookkeeping in general means to record transactions such as sales, purchases, income, payments etc. Normally, this can be done by just hiring someone as bookkeeper. In many cases this means additional costs if the office space is limited. Virtual assistant bookkeeping is the idea of having someone does the bookkeeping online. This saves office space and the virtual assistant bookkeeper can work from the comfort of home which means steady and error free work.
How does it work?
The virtual assistant bookkeeper’s work is a crucial one. The company or individual sends the bookkeeper the raw report of transaction. Then the bookkeeper does the necessary calculations and puts the data into specified format. This data is regularly recorded and sent to the company via email. And in the fixed time the employee receives the payment. The provider and the company may be in the same town or even in two different countries.
Some of the advantages
Virtual assistance bookkeeping has many advantages. It saves the owner from the tremendous work of maintaining a record. It permits the individual more profitable hours with clients. There is no need to arrange extra workstation at the office which means additional costs for office supplies. The owner doesn’t have to share the profits which in other cases would have been demanded. This was all from the owner’s perspective. From the service providers point of view the job is enjoyable. The whole job can be done without leaving the comfort of home except for receiving the big payment. Compared to those working at the office he can deliver more complete and correct work.read more!
What is needed?
Most of the people already have the things needed to start virtual assistant bookkeeping service. Firstly, a computer with high speed internet connection to keep contact with the buyer, word processing software, a printer and telephone. A fax machine is often helpful. Sometimes the virtual assistant bookkeeper may need to learn specific business bookkeeping software provided by the business owner.
Where to find buyers and providers?
Many professionals offer their service through their website or freelance job sites. The service buyers can check the websites and contact one. Then the job responsibilities, payments and other conditions are discussed. The social networking websites are a good place to meet both buyers and providers.see it from http://www.courier-journal.com/story/news/local/2015/06/04/feds-bust-bookkeeper-accused-identity-theft/28490043/
Where saving time is involved the perfect business mind will go for it. It may sound cliché but it’s true that in business time means money. And virtual assistant bookkeeping saves not only precious time but also tremendous work.