Benefits of Virtual Accountant For Small Business

As a small business owner, you are forced to be a jack of trades – you are the marketer, the product developer, or even a CA. However, if you no longer want to be superhuman and are looking for ways to delegate tasks and are from the Pompano Beach area or from any corner of the world, looking into a virtual accountant for small businesses in Pompano Beach, FL will simplify things for you.

Traditionally, hiring a full-time accountant might seem like the solution. 

However, considering your small business, you head out of the budget by paying $70K on average. So, if you are not okay with the traditional accountant’s annual fees, check out the seven benefits of opting for the virtual path!

  • Affordable 

Hiring a full-time accountant can be a significant expense, often exceeding $70,000 annually. Conversely, virtual accounting services offer tiered packages starting at as low as $100 per month, giving you access to much more experienced accountants (without spending an extra penny!).

  • Adaptable

As your business expands, your accounting needs will evolve. Since virtual accountants are always adaptable, you can seamlessly upgrade your service package depending on your changing requirements. This would save you from the hassle (and tears) of firing old employees. 

  • Guaranteed Accuracy

Virtual Accountants use cloud-based software that generally automates tasks like data entries, bank reconciliations, etc., reducing the chance of accidental errors that sometimes manual work does.

  • Time Effective

Every minute you manually spend on those spreadsheets is a minute taken away from strategic planning, customer outreach, or even product development. A virtual accountant is the best solution for time effectiveness as they have been doing bookkeeping for years and found a couple of hacks to save your wasted hours that could have been done in minutes.

  • Flexible & Easy to Scale

Gone are the days of scheduling in-person meetings with your accountant. Virtual accounting firms offer unparalleled accessibility and 24/7 support, regardless of your time zone. This sense of flexibility encourages a more collaborative experience. 

  • Customized Service

Virtual accounting services offer customized solutions tailored to the unique needs of your small business. You have your personal financial advisor without spending a hefty amount.

  • Prioritizing The Primary Tasks

Considering you have a small business, it’s natural to assume you do not have a large budget, which forces you to do most of the tasks yourself. Hiring a virtual assistant is a way to reduce a couple of hours out of those 15+ daily investments.