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Are you a business owner trying to grow your business and keep your finances in order?
It can be challenging when you’re just one person trying to run the show. However, when it comes to finances, you may try to bite off more than you chew, especially if you have no accounting or bookkeeping experience.
While entrepreneurship or sales skills come naturally to some, bookkeeping and accounting are skills you need to learn. Appropriate financial management is the key to success in dealing with suppliers, customers and employees.
Fortunately, there are many readily available tools like QuickBooks that make it easy to keep track of your business accounts from anywhere in the world.
Hiring a virtual accountant for QuickBooks is a great way to lighten your workload and have a qualified and experienced accountant to help you manage your money without draining your wallet.
In this blog, we discuss the role a virtual accountant can play to help you manage QuickBooks and the benefits of working with a Wishup Virtual Accounting Assistant.
What is QuickBooks?
QuickBooks is the most widely used accounting program for small businesses to keep track of finances and manage income and expenses. With QuickBooks, you can take care of your tax obligations quickly and conveniently while maintaining a real-time overview of financial activities, including income and expenses, labor costs, and inventory. Additionally, with the help of QuickBooks, you can focus on improving the growth and income of the marketing business because you don’t have to worry about financial matters.
Source: NSKT Global
Why does QuickBooks work for small businesses?
Effortless and seamless to use – QuickBooks is easy to install, easy to use, and has several useful features.
Easy integration with other software – The integration of QuickBooks with other software, e.g. B. Excel, is a breeze, and anyone can do it. You can also export QuickBooks to your favorite tax filing platform for easy tax filing.
security – Privacy and security are probably some of the most important factors when choosing financial software. With QuickBooks, you don’t have to worry about privacy as they take precautions like multi-factor authentication and password-protected login.
Efficient customer management – Customer satisfaction is directly proportional to the success of your business. With this tool, you can directly access all of your customers’ QuickBooks accounts, send them direct messages, updates, and provide reports. This will undoubtedly result in a more fruitful business relationship between you and your customers.
Accessible from a remote location – You don’t have to be tied to an office computer to access the software. You can do it on the go. This is incredibly handy when working with remote workers like virtual accounting assistants who don’t work in the same physical space as you.
Who is a Virtual Accounting Assistant?
A virtual accounting assistant or virtual accountant is an experienced professional with bookkeeping and bookkeeping experience who provides expertise to your business. They can help with various bookkeeping tasks, with managing QuickBooks being one of their main responsibilities.
For many reasons, virtual accounting assistants have become very popular in recent years. They are –
- Easy to hire from an outsourcing company like Wishup,
- onboarding in a short time,
- Much cheaper than a full-time accountant,
- Not right on your payroll,
- No health benefits
- No insurance or pension plans,
- No overhead.
All these factors make them very popular among modern entrepreneurs looking for minimal investment and profitable results.
What tasks can a virtual accounting assistant take on?
Let’s discuss the tasks you can outsource to a virtual assistance accounting service.
data entry
Data entry requires a lot of time and precision and is quite mundane. Hiring a virtual accountant can save time and instead allocate it to more valuable tasks. Let your virtual accounting assistant handle data entry tasks such as
- Accurately record all transactions
- Sorting the transactions into the right ledgers
- Accurately summarize records
- Maintaining proper documentation of financial transactions.
QuickBooks administration
A virtual accountant can help you with QuickBooks administrative tasks such as
- Keep ledgers up to date.
- Set up automatic reminders.
- Set up automatic payments.
Preparation of annual accounts
Your virtual accounting assistant can help you prepare various financial statements such as:
- income statement,
- balance sheets,
- cash flow statements
Accounts receivable management
A virtual accounting assistant can help with payments due, filing claims, and other basic accounts receivable tasks such as:
- Debit/Credit Advices
- AR aging analysis
- Maintenance of customer records
- make provisions
- track collections
- to draw up the invoices
reconciliations
Your virtual accountant can help you with tasks like comparing records and avoiding mistakes, as long as other accounting tasks like –
- Vendor Payment Reconciliations
- Credit Card Reconciliations
- bank reconciliations
Why should you hire a virtual accountant?
While QuickBooks is an easy-to-use tool, bookkeeping is a fairly complex process, and unless you have experience or knowledge of bookkeeping, it can be difficult to keep up. Not to mention that even if you know how to use the software, you’ll have to update it, double-check numbers, or constantly make payments.
It’s a full-time job not to be taken lightly. However, given that you already run a business and need to lead a team, taking on another full-time responsibility is not feasible. If accounting takes time, when will you run a business by focusing on marketing, growth strategy and networking?
For this reason, it makes sense to outsource to a virtual accountant who will handle all of your bookkeeping duties while giving you more time to attend to the important tasks that require your expertise.
But why choose a Wishup accounting virtual assistant? First, let’s explore the benefits of exporting your accounting needs to us instead of hiring a freelancer.
Why outsource to Wishup?
Wishup is a virtual support agency that bridges the gap between high-profile talent and aspiring entrepreneurs. When you hire us, you benefit in many ways, such as:
save money
Why spend more than $55,000 a year for a full-time accountant when outsourcing from us is only $20,000 a year? Get professional accounting services instead, starting at just $9/hour. Then you can reinvest your savings in growing your business or hiring additional employees.
to save time
Hiring an accountant can take weeks, sometimes even months. But in case of an emergency or a sudden increase in workload, you can’t wait that long. With Wishup, the hiring process takes 24 hours after you schedule your free consultation, so you’ll have a top-notch accountant on your team in no time.
Work with the top 1%
The office setting severely limits your hiring capacity. You may only hire within your city limits. However, at Wishup our virtual assistants work remotely so location is not a barrier and we only hire based on their skills and qualifications. Following a rigorous hiring process, only the top 1% make it onto our team to ensure you’re only working with the best talent in the industry.
Immediate Replacement Policy
Sometimes you can’t predict when your virtual assistant will have an emergency and won’t be available for work. These occurrences are natural and happen to everyone, whether you hire remotely or internally. However, we understand that your work is essential. Therefore, in the rare event of such an emergency, we will provide you with a replacement immediately, no questions asked.
Virtual assistants are pre-trained and receive ongoing training
Whenever you hire a new employee, you have to devote resources to their training, be it time or money. But not with Wishup. We take care of the training process once the virtual assistants are on board with our company and train them on over 70 key tools they will use at work, with QuickBooks being one of the key tools they learn to master. Additionally, our in-house team is always looking for new career-related courses or workshops to help them learn new skills and advance in their career path.
How to Hire a Virtual Accounting Assistant on Wishup?
At this point, you’re probably convinced that you need a virtual accountant on our team, and you’re not wrong. Hiring a Wishup virtual assistant is extremely easy. All you have to do is –
- Identify the core tasks that you want to outsource
As with any hiring process, finding the perfect employee will be difficult unless you know what you are hiring for. Therefore, before calling our team, it is helpful to list the tasks you need assistance with.
- Arrange your free consultation appointment
At this point you can give our team a call so we can better understand our requirements. Working with a virtual assistant for the first time might be new territory for you, so take this opportunity to ask questions about hours, shifts, pay, hours, holidays, and other details. You can also tell us about the nature of your business so we can match you with a virtual assistant that is best suited for your business.
- Prepare to onboard your company
After your work is done, give us some time to match you with a virtual assistant. Once you have reviewed and approved their profile, they can be added to your company within 24 hours. We recommend being available for the first few days to familiarize you with your new role and to discuss your responsibilities in detail. This ensures that they are more independent in their work and do not approach you with too many doubts and questions.
A virtual accountant is the only asset your business needs
Being free from financial commitments gives you more time to focus on core business tasks and it reflects how your business works. With no accounting tasks holding you back, your business will grow in no time. To hire a virtual assistant today, schedule a free consultation or email us [email protected]
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