The real-time access to accurate and detailed operating data equips decision makers to achieve sales targets and better manage expenses. It was a challenge to pivot so suddenly to virtual work, but it also helped accountants realize that they are capable of changing the way they work. And it’s caused them to embrace technology and automation that makes their lives easier and equips them to close virtually with confidence. Companies come to BlackLine because their traditional manual accounting processes are not sustainable. We help them move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility.

The very thought of a virtual accountant accountant can cause feelings of anxiety and dread. Each time you invoice a client, pay for an item, or compensate a vendor or contractor, money is changing hands. A virtual accountant with the skill of bookkeeping can help you gain better control of your business finances.

How an Accounting Firm Can Benefit Your Business

We will provide quarterly financial reports to your tax preparer for estimated tax purposes, and we will provide year-end reports for your annual tax filings. We work with your staff to ensure invoices are properly booked to your general ledger software. If you collect credit card payments, we will post those to your account. Meeting with an accountant to prepare for tax season can be overwhelming. Instead of feeling as if you are two steps behind, hiring a virtual accountant can help you prepare for a stress-free meeting with your accountant.

• Plus, you won’t have to worry about finding someone to fill in for you while you take a vacation.
• We will maintain amortization schedules and provide you those statements if requested.
• Always be cautious when sending personal information over the internet.
• BlackLine’s foundation for modern accounting creates a streamlined and automated close.
• Her work has been featured on SCORE.org, G2, and Fairygodboss, among others.

BlackLine solutions address the traditional manual processes that are performed by accountants outside the ERP, often in spreadsheets. Centralize, streamline, and automate end-to-end intercompany operations with global billing, payment, and automated reconciliation capabilities that provide speed and accuracy. Ignite staff efficiency and advance your business to more profitable growth. Make the most of your team’s time by automating accounts receivables tasks and using data to drive priority, action, and results. Monitor and analyze user performance, ensuring key actions quickly.

Reporting

Each subscription allows for one 15-minute standing meeting with a Virtual Accountant per week. Fintelligent augments your internal staff to provide accounting guidance and support. We partner with Avalara, a leading provider of sales tax management.

A Certified Public Accountant license is one of the most common and in-demand qualifications for accounting jobs. To become a CPA, you’ll need to pass the Uniform CPA Examinationadministered by the American Institute of Certified Public Accountants, or AICPA. Continuing education credits are required to keep a CPA license current.

Building Resilience with Virtual Accounting

The financial cost and time it takes to manage administrative duties are two of the dreaded tasks about being a small business owner. If you need professional help in planning, budgeting, and forecasting, there is no better third-party provider than us whom you can trust to ensure streamlined management of financial records. We make sure accounts are well-managed and kept accurate and up-to-date for faster settlement. At the onset of the project, our virtual bookkeepers will sign Non-Disclosure agreements with you, so that you can be assured of complete data security and confidentiality. Accounting professionals must have extensive knowledge and experience in the field of accounting.

Increase accuracy and efficiency across your account reconciliation process and produce timely and accurate financial statements. Drive accuracy in the financial close by providing a streamlined method to substantiate your balance sheet. We include a customized dashboard with key financial indicators that will be updated throughout the month as accounting transactions are processed. We use Klipfolio for QuickBooks Online and SageIntaccts native dashboard.

Virtual accountant vs. traditional accountant

So, talk with your virtual accountant to see where they would like to improve and provide training when possible. Set Up Times for Check-Ins – Your virtual accountant is going to have questions. These inquiries could relate to the accounting system, a recent transaction, your expenses, or a more advanced accounting issue. Therefore, it is crucial that you set times throughout the week to meet with your virtual accountant and provide them with the information they need. Have your clients paid you, or are they in danger of facing penalties for not submitting payments to you in a timely fashion? Your virtual accountant can take up the task of sending invoices, reaching out to clients that have not yet paid, and informing them of the penalties for late payments.

• Our services help you generate more revenue, grow your business and eliminate the need for maintaining an accounting department.
• This expense is not always feasible for small and mid-sized companies who need the flexibility to hire someone for a part-time role or may not want to hire someone to work on-site or full-time.
• We also have command over payroll services wherein you can offshore all of your payroll activities to us and let us manage everything within the payroll domain with accuracy.
• A virtual accountant may be the right choice if your business is looking for a cost-effective way to manage its finances.
• When a bill is sent to your Bill.com inbox, we will code it and route it for approval before payment.
• More than 4,000 companies of all sizes, across all industries, trust BlackLine to help them modernize their financial close, accounts receivable, and intercompany accounting processes.