WHO IS A VIRTUAL ACCOUNTANT?

The notion of a Virtual Accountant is new to the business world. There is a method for small firms to receive the help of a Accountant that they couldn't previously get. An experienced financial specialist can be hired for a fraction of the cost of a full-time Accountant. Services will vary from company to company. However, a Virtual Accountant would typically:

• Perform all of the tasks of a typical Accountant, albeit from a distance and part-time basis.
• In most cases, cloud-based technology is used to monitor the financial health and well-being of the organization.
• Assist with all corporate choices and challenges by providing financial insight and guidance.
• According to the client's demands, perform back-office activities such as accounting ledger management.

WHY ARE VIRTUAL ACCOUNTANT ROLES IN VOGUE TODAY?

Value-added services, such as Virtual Accountant, are becoming more popular in the accounting profession especially with us because:

• Competition is on the rise, as is technological advancement.
• Complying with regulations and preparing tax returns are becoming commodity services.
• Basic operations are automated resulting in a decreased value of conventional services.
• Outsourcing non-core tasks like accounting help small firms cut expenses and hire superior people.
• Real-time cash flow information provided by the software to assist in effective decision-making.

Companies are being forced to change as a result of these trends by extending and diversifying their offerings. Successful future businesses will rely heavily on financial intelligence, analytics, and other services that can directly impact a small business's performance to generate revenue.

Here at CleanBooks Services, we help you understand that while the great majority of business owners do not possess these skills, success typically depends on them. Virtual Accountant services that we offer will be extremely beneficial to your clients when you combine your professional experience with cloud-based accounting software, mobile technology, and contemporary data analytics.

Who is a Virtual Accountant?

The notion of a Virtual Accountant is new to the business world. There is a method for small firms to receive the help of a Accountant that they couldn't previously get. An experienced financial specialist can be hired for a fraction of the cost of a full-time Accountant. Services will vary from company to company. However, a Virtual Accountant would typically:

• Perform all of the tasks of a typical Accountant, albeit from a distance and part-time basis.
• In most cases, cloud-based technology is used to monitor the financial health and well-being of the organization.
• Assist with all corporate choices and challenges by providing financial insight and guidance.
• According to the client's demands, perform back-office activities such as accounting ledger management.

Why are Virtual Accountant roles in vogue today?

Value-added services, such as Virtual Accountant, are becoming more popular in the accounting profession especially with us because

• Competition is on the rise, as is technological advancement.
• Complying with regulations and preparing tax returns are becoming commodity services.
• Basic operations are automated resulting in a decreased value of conventional services.
• Outsourcing non-core tasks like accounting help small firms cut expenses and hire superior people.
• Real-time cash flow information provided by the software to assist in effective decision-making.

Companies are being forced to change as a result of these trends by extending and diversifying their offerings. Successful future businesses will rely heavily on financial intelligence, analytics, and other services that can directly impact a small business's performance to generate revenue.

Do you need the Virtual Accountant as a StartUp?

One of the biggest myths about start-ups is that they do not need specialized roles like the Accountant. Yes, start-ups often have limited resources and are focused on product development and marketing. However, they need a personal commitment from the founders and a sound financial management strategy to ensure strong business growth. As regard to one of these crucial roles in financial management, a Virtual Accountant is needed. CleanBooks Business Services, a professional accounting firm with in-depth knowledge in financial management, can help oversee and control your company finances.

CleanBooks Business Services offers various Virtual Accountant services to your business, some of which include:

Investment Decisions:

As a business owner, various investments are crucial for business growth. Our services help dictate investment decisions based on precise numbers, forecasts, and assumptions. We can help determine whether an investment is worth making by calculating the return it is likely to produce and whether the cost of any asset purchased, could be recouped over time. Using our services to make investment decisions can also save you from costly mistakes.

Transaction Profitability:

We also help determine if your business has a return on investment (ROI). This calculation helps illustrate the overall profitability of a given transaction, helping you as a business owner decide the best way to invest and how this investment can be structured so that it generates enough revenue at some point down the line.

Financial projections:

With us, you have access to budgetary analysis and financial projections. Our services in this regard will assist you in the budgets and financial predictions of your business. With us, you get added advantages as we also provide accounting compliance, including compliance with significant regulatory authorities.

Trusted reporting and increased cash flow:

Increasing cash flow is a crucial need for business growth. With CleanBooks Business Services, you can gain awareness in the areas of your business that requires improvement and how to implement recommended solutions. Also, we create customized client reports to provide you with the information that you need. The most common start-up problems include overdue or unpaid accounts receivable. These can lead to a loss of goodwill towards companies' products or services. If this happens, it could drastically reduce sales and create a negative image for the company. Therefore, our financial strategy plays an important role in your business, while also ensuring that the start-up has enough cash to continue operating. Are you having difficulty managing your financial business, or are you a new business owner? Contact us today and let us provide you with the best professional financial services your business deserves. CleanBooks Business Services is always there for you!