As a small business owner, there’s no shortage of hats to wear. But between marketing, sales, and other revenue-generating activities, it’s easy to let bookkeeping duties fall to the back burner.
While this is common among business owners, it’s not the standard. DIY bookkeeping often leads to frustration and errors if you lack expertise, and as an owner, you have more important matters to tend to. And with virtual bookkeeping services, you can take those duties off of your plate – all while avoiding the high costs of an in-house bookkeeper.
The team at NorthStar Bookkeeping has been helping small business owners escape bookkeeping stress, gain financial clarity, and make smarter strategic decisions for the past decade. Our remote service is flexible and adaptable, able to serve on an as-needed or ongoing basis if your business requires financial guidance.
Find out whether your business is in need of virtual bookkeeping services, and if the answer is “yes,” don’t hesitate to contact NorthStar with your needs.
Struggling to Keep Up with Bookkeeping Tasks?
Running a small business is no easy feat. The hats you wear are plentiful, and as a result, critical tasks such as bookkeeping may fall by the wayside. Not to mention the risks of handling your own books, which can lead to frustration, errors, and potential fines come tax season if you lack the expertise.
Thankfully, there’s a solution for small businesses that would like to take bookkeeping off their plates, ensure their records are accurate, and avoid in-house bookkeeping expenses: virtual bookkeeping services.
How Virtual Bookkeeping Services Can Help
Partnering with a virtual bookkeeping firm doesn’t just confirm that your records are accurate and saves you money on in-house costs. Most notably, it provides you with time – time to focus on more pressing business matters and revenue-generating projects.
Here are five ways a virtual bookkeeper can support your business, without the costs of a full-time salary plus benefits:
Ensure Compliance
Virtual bookkeepers like NorthStar keep their fingers on the pulse of the latest regulations so that your books are always audit-ready.
Having accurate, compliant records prevents penalties down the road – and without a bookkeeper by your side, erroneous entries could bring large fines. A trusted, experienced virtual bookkeeper will be proactive about tax preparations and filings, ensuring that you never miss potentially costly deadlines.
Avoid In-House Expenses
Hiring an in-house bookkeeper brings a set of ongoing costs, from salary and benefits to taxes, HR management, and more. With a remote bookkeeping team by your side, you’ll gain access to wide-ranging expertise in a more affordable, scalable model – without any of the overhead expenses. Pay for what you need, whether it’s a one-off job during tax season or ongoing bookkeeping and consulting services.
Gain Insights Into Your Financial Health
When you partner with a virtual bookkeeper like NorthStar, you gain a virtual team that handles everything from account reconciliations and financial statements to cash flow reports and more.
This arms your business with real-time visibility into your financial health, allowing you to identify small issues long before they become critical problems.
Inform Smarter Decision-Making
DIY bookkeeping risks erroneous entries, and faulty data can quickly lead to poor decisions. Enter a virtual bookkeeping service.
With a clear picture of your numbers, you can make more data-driven decisions on major transactions such as expansions or new hires, as well as more granular decisions like pricing, inventory management, and more. By gleaning the financial insights and key performance indicators from your virtual bookkeeper, you can optimize your operations and ensure the next major decision is validated by clean data.
Prevent Fraud
Having checks and balances with a virtual team reduces the risk of errors, as you already know, which feeds into fraud prevention.
Ultimately, an external bookkeeper offers more oversight and accountability over a company’s finances versus DIY methods, or even in-house, since you’re working with a full team of experts. This outside perspective allows teams like NorthStar to catch suspicious transactions, or outright fraud that an internal employee may attempt to conceal. With virtual bookkeeping services, you gain another layer of checks and balances – rendering fraud far more difficult.
Virtual Bookkeeping Services with NorthStar
At NorthStar Bookkeeping, we don’t just maintain accurate records and enable smarter decision-making; we provide peace of mind. Small business owners are incessantly busy, and knowing this, we offer a remote bookkeeping service that takes those duties off of your plate without the expenses of a full-time bookkeeper. For error-free books, tailored service, and financial guidance for future business decisions, consider reaching out to the virtual team at NorthStar Bookkeeping.
Submit a form on our Contact Page to partner with NorthStar and reap the benefits of virtual bookkeeping.