Virtual Bookkeeping

Five years ago, when you asked someone if they would consider virtual bookkeeping, the answer was likely no.   Five years ago, virtual bookkeeping meant outsourcing data entry services to a foreign country.  In return for a small fee, you would have your accounting files updated and nothing more.  BUT...today virtual bookkeeping means something else.Today, virtual bookkeeping means outsourcing the accounting function of paying bills, invoicing clients, and tracking cash flow without ever touching a piece of paper, signing a check, or licking an envelope.  Virtual bookkeeping can take over the accounting department of a company while maintaining the approval and signatory processes that should reside with a company's management and executives.  Unlike traditional bookkeeping, the same functions can be done in half the steps and half the time with greater flexibility, accuracy, and controls.  However, with all these benefits, very few accounting firms and very few companies employ such practices.By outsourcing the accounting department, companies can save money by using the bandwidth of the accounting firm and not having to hire one, two, or even three or more full time accounting employees who require salary, benefits, computers, etc...even if they are not fully utilized.  Virtual bookkeeping also means that files, records, and audit trails of all transactions are kept in a cloud database, accessible anytime and anywhere an internet connection is available or in some circumstances where your phone gets reception.Virtual bookkeeping is ideal for startups as well as established companies with decentralized operations. If you would like to know how virtual bookkeeping can revolutionize your back office accounting function, takeover the role of your accounting department, and  free you up from paperwork while saving you time and money, contact BizCFO for more information.   BizCFO is an accounting and finance consulting firm with offices in Santa Monica, Orange County, and San Diego, providing quality professional services. For additional complimentary information regarding this topic or other questions you may have please call one of BizCFO’s offices located in Southern California or contact us here.