Accounting Virtual Assistant: How to Streamline Finances

All facets of your business are affected by your financial health. Learn to streamline your finances by working with an accounting virtual assistant.

If you don’t have a passion for numbers, looking after your financial performance becomes a very stressful task, prolonged by your lack of expertise and boredom.

From tax filings and creating a comprehensive financial report, accounting can take you away from other aspects of your business that need your personal attention.

So, what do you do?

We recommend hiring an accounting virtual assistant—a remote professional who can keep an eagle eye on your financial health while you focus on critical projects.

Learn how this virtual support can enhance your financial management and bring balance to your overwhelming work life.

Who is an Accounting Virtual Assistant?

An accounting virtual assistant is an independent remote contractor who offers accounting and bookkeeping services to entrepreneurs and business owners.

You hire them to make sure your finances stay healthy and thriving.

Who is an Accounting Virtual Assistant?

An accounting virtual assistant is an independent remote contractor who offers accounting and bookkeeping services to entrepreneurs and business owners.

You hire them to make sure your finances stay healthy and thriving.

Why Hire an Accounting Virtual Assistant?

Working with an accounting virtual assistant gives you major points in securing more resources (time and money), gaining focus on core projects and ensuring you achieve financial soundness.

Below are the top reasons that drive firms and organizations to partner with an accounting VA:

So, You Can Delegate Time-Consuming Tasks

In a day, you will tread plenty of tedious tasks like email management and data entry.

When you work with VAs, they take away your daily burden and give you time to work on high-value activities and meet deadlines.

So, You Can Stay Productive

9-to-5 is not enough to tackle your endless workload. With your repetitive tasks hounding your schedule, you have no room to spare for pressing matters when that should’ve been your main priority in the first place.

When you delegate tasks, you don’t have to be troubled in keeping your operations running. Even when you’re not there, virtual assistants can complete tasks in less time. They can work in different time zones and have their tasks finished the next morning.

Finally, you can keep up with your endless to-do list and have a more efficient workflow.

So, You Can Scale Dynamically

During the tax season, accounting tasks become heavier. Fortunately, an accounting virtual assistant has the versatility and scalability to scale their efforts without burdening your finances.

Instead of hiring a full-time accounting staff, you can work with a remote assistant who can keep up with your changing business needs and save resources.

So, You Can Save Money and Watch Over Your Financial Health

One of the reasons entrepreneurs don’t seek the help of an accounting assistant is because they’re costly.

However, hiring a virtual accounting assistant is a different matter. You’re not paying for the typical cost attached to new hires. You only pay for the services rendered, priced by the hour.

Simply put, VAs bring the same quality work at just a fraction of the cost.

So, You Can Stay on Top of Your Taxes

Come tax season, you will be pressed with tight deadlines, gathering records and the ever-changing tax regulations. The stress of working through these demands can somehow create tax filing mistakes that can lead to penalties.

Onboarding an accounting virtual assistant ensures the whole tax preparation process is less daunting. They can organize financial reports and make sure your cloud accounting software is up to date.

What Responsibilities Can You Outsource to Your Accounting Virtual Assistant?

If you don’t have a list of accounting tasks to pass on to your accounting virtual assistant, you can start by delegating the following responsibilities:

  • Collect and organize financial documents
  • Tax Preparation
  • Payroll Processing
  • Prepare financial statements and reports
  • Create and send invoices to clients
  • Organize and monitor expenses
  • Maintain an updated financial record
  • Schedule meetings and appointments
  • Reconcile bank statements
  • Maintain contracts and other documents
  • Review and analyze the accuracy of reports
  • Assist in financial forecasting
  • Research current tax laws and regulations
  • Pay bills
  • Data entry
  • Maintain customer and supplier database

What Skills to Look for in Your Accounting VA

If you want to hire a virtual assistant who can make an impact on your company , you have to be more meticulous than ever.

Don’t forget, you’re handing off your confidential financial data to an outside party. Giving access to the wrong person is going to create data integrity issues and operation disruption.

So, be very keen and be certain your accounting virtual assistant possesses the following skills and qualities:

  • More than having computer skills and proficiency in MS Office programs, hire someone who is trained in cloud accounting software.

  • If your online assistant is experienced, it’s easier for them to tackle tasks and adapt faster to the processes without your close supervision.

  • Your VA will be looking at so many numbers. To easily spot incorrect figures, they need to have meticulous eyes.

  • Work is a continuous collaboration process. If your accounting virtual assistant can’t communicate and raise clarifications effectively, everything gets lost in translation. Thereby, you need an assistant who is an effective communicator, both verbal and written.

  • Accounting involves different types of financial records and other documents. It’s a job that requires a certain level of organizational skills to allow quicker access to updated, consistent data.

  • Hire an accounting assistant who is in the know of the latest accounting software technology. If your company decides to migrate to a modern tool, this knowledge will be very helpful in saving you time.

How to Find Your Accounting Virtual Assistant

There are many great places to find your virtual assistant. Ultimately, the choice will depend on your current workload and budget.

But if we were to say, a virtual assistant agency is the best place to streamline your recruitment process and hire a top-notch assistant who can adapt to your evolving needs.

Although managed VAs might be a little expensive compared to independent freelancers, you get big savings in return.

Agencies like VAV will take care of everything. Check out the following advantages of recruiting a virtual assistant through an agency:

  • VA agencies are safer. Our virtual assistants sign professional contracts, clarifying expectations and protecting the legal rights of both parties.

  • You don’t have to concern yourself with the complicated steps of hiring or managing your online assistant. We only need your input to better select the assistant that suits your needs and requirements best.

  • It’s hard to verify the expertise someone claims they have. How can you be sure your virtual assistant receives proper training? When you work with an agency, like us, you can rest easy knowing that your remote worker is skilled and trained in completing any accounting tasks.

  • This will give you peace of mind, knowing you have competent and reliable available support that you can access anytime, anywhere.

Frequently Asked Questions:

Is an Accounting Assistant the Same as a Bookkeeping Virtual Assistant?

Although these two are somehow similar in many ways, they actually have different functions and levels of expertise.

Accounting VAs deal with broader accounting tasks, which is why they require more training and a certain level of knowledge. On the other hand, a bookkeeping assistant’s main focus is keeping accurate and updated financial records. This means handling routine tasks and utilizing accounting tools to ensure data is collected and maintained effectively.

Who is a Virtual Bookkeeping Assistant?

A virtual bookkeeping assistant is a remote professional who supports a company’s bookkeeping tasks. This includes preparation of financial reports, financial data entry and invoice processing.

What Tasks Does an Accounting VA Handle?

An accounting VA handles a variety of accounting tasks. These key responsibilities include precision audits of the financial data, general ledger management, and tax preparation.

Conclusion

We understand that you want to save costs and take control of watching over your finances. But accounting is not for everybody. If you’re forgetting your core tasks and spending extra hours to manage your financial health, you are wasting your resources.

Hiring an accounting virtual assistant can help streamline the process of your financial management. This is beneficial for your business so you can effectively control costs, maximize profitability and ensure sustainable growth.

However, this is only possible if you can hire the right talent. When you’re looking for someone who has to gain access to your confidential data, you need a trustworthy virtual assistant.

At VAV, we free you from the troubles of recruitment and finding the most suitable virtual assistant for your needs. We are a reputable virtual assistant agency with almost 2 decades of experience in providing VAs who can deliver efficient results for our many, many clients.

From accounting virtual assistant to marketing virtual assistant—let us find the VA of your dreams.

Book a consultation and find your virtual sidekick today!