Online accounting services are a great way to bring in-house expertise without the cost of an accountant or full-time employee. Virtual accounting firms offer a wide range of services, from bookkeeping to tax advice, and can scale up or down depending on your needs.
With the advent of cloud accounting software, everything your accountant does is recorded in the cloud. That means a lot less paperwork and more efficiency. Invoices are emailed out directly to clients, which saves on printing costs and postage. Incoming bills and receipts can be scanned, saved and linked to the transaction in your accounting software – which eliminates the need to keep paper copies and again cuts down on storage costs.
This also makes it easier for you and your accountant to work together. Previously, you’d have to email numbers back and forth or save them onto a USB memory stick for your accountant to access. Now, if you log in to Xero online accounting software, you and your accountant can instantly have all the key numbers at your fingertips.
An added benefit of using an online accounting firm is that it will cut your overall expenses by eliminating the need for in-person meetings. That saves you money on international and long-distance phone calls, conferencing fees and travel expenses. It also frees up your time to focus on growing your business. онлайн счетоводни услуги