6 Benefits of Virtual Bookkeepers over In-House Ones

When hiring a bookkeeper for your business, you have two options: either recruit an in-house bookkeeper with whom you can meet directly or a virtual bookkeeper. Although outsourcing these financial tasks to an online bookkeeper is a relatively new concept, there are multiple benefits.

For example, when you hire online bookkeepers, your financial documents are available online, which reduces your paperwork. Also, your remote bookkeeper may work on the documents anytime, anywhere, and it is a bonus if they reside in different time zones so tasks can be completed overnight.

In this post, we will discuss the key benefits of hiring virtual bookkeepers over in-house professionals.

Let’s get started.

Top Benefits of Hiring Virtual Bookkeepers Over In-House Ones

Here are the key reasons why recruiting remote bookkeeping services is advantageous for your business.

1. They Save You Money

Outsourcing bookkeeping to a remote bookkeeper means you are not hiring someone full-time. Therefore, you do not have to provide them with a workspace, pay payroll taxes, or offer benefits like a travel allowance and healthcare insurance. You only pay a fixed service charge for the total number of hours they work on your account. Also, you do not have to pay for overheads such as laptops, office supplies, and the internet.

With a virtual bookkeeper, you get a similar experience and access to the same skillset as any in-house bookkeeper but at a fraction of the cost.

2. They Are Available Around the Clock

An in-house bookkeeper works during office hours and charges extra for overtime. However, a remote bookkeeper assures delivery of their work within the appointed deadlines. That means they may even work beyond standard business hours but do not charge extra.

Moreover, when your virtual bookkeeper lives in another time zone, this may benefit your business. For instance, the difference time between Toronto and Bangalore is 9 hours and 30 minutes. So, you may assign your work in the afternoon and feel assured that it will be completed by morning. This flexibility allows your business to function smoothly almost around the clock.

3. You Enjoy Improved Data Security

Hiring a remote bookkeeper involves upgrading the storage of your data in the cloud. Here, your data is constantly backed up to diverse offsite locations accessible by web-enabled devices and protected by cutting-edge security and encryption. This is an improvement over standard methods of in-house bookkeepers, like storing information on local servers which are at risk of fire, vandalism, floods, or hard-drive crashes.

4. They Help to Reduce Paperwork

When you hire a professional online bookkeeper, you reduce the use of paper. Though you may print out reports occasionally, you can access, edit, or review documents online and don’t have to convert them into hard copies.

5. They Require No Training

Do you need a bookkeeper urgently? Hiring a remote bookkeeper avoids the tiring procedure of recruiting in-house staff. Their online counterparts are well-trained and can start work the day you contact them. In this way, you may also save on employee recruitment and training costs.

6. They Offer Unbiased Bookkeeping Solutions

When you hire an in-house bookkeeper, you can’t overlook the danger of unfairness. For instance, they may hide personal expenditures in their monthly expenditure report. This is an issue you may not detect on your own.

Your best option to prevent this error is to recruit a virtual bookkeeper. This is because they do not have any curiosity about your company’s internal issues. Rather, they consider you a valued customer and provide fair, error-free solutions. By working remotely, they can offer an unbiased viewpoint to identify fraud or mistakes in bookkeeping or accounting tasks and even recommend remedial measures.

Whether you run a well-established business or a startup, it is vital that you handle your finances properly. Your business can benefit from outsourcing this task to high-quality virtual bookkeepers, from unbiased bookkeeping solutions to enhanced data security. Need an accounts receivable outsourcing service? For complete virtual bookkeeping and accounting services, contact Virtuous Bookkeeping. Our experts have some 30 years of experience providing streamlined and top-quality services. Read our reviews to learn more about how efficiently we serve our customers.