Friday, August 7, 2015

Bookkeeping: How a VA can provide value





Bookkeeping can be a tedious process for entrepreneurs. It’s an administrative task that often takes the back seat to more exciting elements of running a business such as sales, marketing, design, and overall strategy. Just because it’s an administrative task does not mean that it should be overlooked by any means. Bookkeeping is the kind of thing that quietly determines whether your business is healthy or not. After all, inadequate bookkeeping implies that you don’t have a full grasp of your financials; including your liabilities and assets. If you’re unable to understand your cash flow and your savings, how can you truly understand how much money you have to invest in new initiatives for marketing and sales? Or how can you guarantee payroll and hire employees if you’re unaware of your company’s financial status?



A Virtual Assistant is a great asset for your administrative requirements, especially one like bookkeeping. Every business owner has bills to pay, assets and liabilities to oversee, and invoices to send out. A Virtual Assistant can help you manage your automatic bill pay, set up payment authorizations, prepare invoices, and track deposits and withdrawals linked to your bank account. Virtual Assistants are capable of mailing past due notices, analyzing customer’s average spend, and providing end-of-month accounting reports for you.



Don’t forget that companies usually hire an office assistant to focus on bookkeeping tasks! So if you find yourself bogged down by your numbers, you should strongly consider hiring some outside help. Instead of hiring a full time office assistant and worrying about increased overhead, you should think about the value that comes from hiring a competent and accountable Virtual Assistant. Thankfully, at iVBS, we have the professionals that are the perfect complement to your administrative team.



If you’d like some more specific information of the value a VA can provide for your bookkeeping requirements, schedule a free 30 minute consultation and we can discuss the value a VA can provide in regards to bookkeeping.

iVirtual Business Services is your Operational & Administrative Solution…because you deserve work/life balance. 

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