Anonymous
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Accounting and Bookkeeping Activities

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I am struggling with my online store’s accounting and bookkeeping activities. Can I get help online without having to employ a full-time accountant?

  1. While for sure you can do your own books with paid or a free accounting software, it is always a struggle if you not well- trained in finances. Also, this activities take a lot of time during the day that you can invest in creating expansion ideas.

    Virtual bookkeeping  companies make it simple to outsource  every crucial accounting tasks at very affordable rates. Actually, research shows that most business owners saves up to 83% when compared to hiring an in house accountant.

    When sourced right virtual accounting companies/assistants combine the automation of different accounting software with the the recommendations of a finance professional. Notably, with the combination of the two you will be able to maintain accurate records the business can depend on in future to make important financial decisions.

    There are numerous popular virtual book keeping services depending the region coverage. However,you have to be keen enough to identify one that works best for your business. Each of these companies will offer different features and its upon you to narrow it down to what your store is looking for.  Most importantly, some companies will record and synthesize your financial statements. This way you could get statements to clear with taxes and improve your financial planning. Additionally other companies will offer packages that include tax services and annual financial planning.

    One company that I have  worked with in the last few years and has been quite resourceful to my business is Local Accountant. The Company has continually provided my company with accounting services for years. The best thing about them is that you get a dedicated account manager who ensures that your accounting and bookkeeping needs are met. The account managers are highly professional and take their time to understand your business needs.  In addition, you receive professional help in matters revolving around tax and VAT compliance and administration.

     

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