Business systems are changing and transitioning more and more into virtual cloud-based services, providing opportunity for streamlined workflow processes. Businesses in modern times are being challenged to meet rising customer expectations, influenced by the amazing reach and flexibility given with cloud and mobile computing – in the hands of nearly everyone in the developed world.
New technologies are giving SMBs new ways to streamline their systems. Outsourcing accounting services, used to mean going to a physical office, when now it could mean exclusively hiring a virtual cloud-based accounting service (maybe both). Cloud computing widens the pool of services available, giving companies more options on who to hire. In order to elaborate further, here are 4 reasons why your modern company needs a virtual accountant:
- More Affordable with Tailored Service
- No Onboarding or Human Resources Needed
- Access to Top Talent and Systems
- Flexibility with Seasonal Projects
More Affordable with Tailored Service
Hiring a dedicated accountant, on-staff, is more expensive than hiring a virtual accountant, because with a virtual service a business only pays for the services needed. This is why a virtual accountant is more affordable with tailored services for each business, eliminating the need for a full-time employee to maintain, no matter what services are needed.
No Onboarding or Human Resources Needed
Companies can avoid the onboarding process and eliminate the human resources needed to employ and maintain an accounting staff. By outsourcing to a virtual accountant, using a cloud-based platform, companies can simplify their accounting processes and workforce management.
Hiring a premium virtual accountant, like MOD Ventures, can comprehensively take care of the finances of SMBs. This gives startups and SMBsenterprise-level financial expertise, without the hassles and costs associated with hiring employees or splitting workforce roles inefficiently.
Access to Top Talent and Systems
One of the best features of a virtual accounting service is their expanded reach, which gives them an expanded marketability. This then gives them more financial flexibility to work on projects, either: part-time, full-time, or on a seasonal basis. Efficient cloud based systems provide the needed streamlined systems, used to serve an expanded customer base.
A virtual accounting service gives SMBs and startup businesses access to top talent and technologies. The high level of executive experience and insider knowledge of accounting systems, is available for businesses at all levels, ensuring the accounting department is in capable hands.
Flexibility with Seasonal Projects
Taxes are a good example of seasonal projects; how much time is spent preparing and filing taxes once a year? Wouldn’t it be nice to do away with this task and have expert CPAs do it? Partnering with a virtual accountant gives businesses more flexibility in their finances.
This could mean project help with: audit assistance, financial systems, cash management, tax preparation, payroll processing and reporting, shareholder presentations, etc – or it could mean a comprehensive virtual accounting and tax service. Either way, partnering with a virtual accountant gives businesses more flexibility when it comes to their finances.
Businesses navigating this modern world are adapting to innovative technologies, making them modern businesses in a modern world. A big part of this technology is cloud and mobile computing, which makes virtual accounting possible.
Outsourcing some, or all, accounting needs to a virtual accounting service is actually possible in today’s modern world. Partnering with a virtual accountant does mean: accounting employees don’t have to be hired, owners gain more flexibility with financial projects, businesses have access to top talent and technologies, and money will be saved – yet, remember, not all virtual accounting services are the same.
Choosing the right virtual accounting service is another topic, but we encourage you to start with a free consultation with MOD Ventures, PLLC. Based in Tuscon, AZ, MOD Ventures also has a physical presence, in addition to an extended service reach, which cloud and mobile technology makes possible. If interested in learning more about our services, please contact us today.