Bookkeeping & Accounts

Bookkeeping & Accounts

For a small or medium scale organization or a start-up or an entrepreneurial venture, the focus should be on growing the business, scale it up and expand capacities. You need to engage more time for strategizing to expand your horizons. Instead, what happens is that you are bogged down by day to day activities including administrative, customer support, book-keeping, accounting and similar tasks. While there is no denying that these tasks are integral to any successful business, if these tasks consume most of your time, you ought to consider outsourcing one or many of these functions to capable teams. One way to do so is to hire a virtual assistant, a remote assistant working for you carrying out specific Business Support tasks as desired. Virtual Glitz is a company providing Business Support from India in the form of virtual assistants for various functions as required. One of our services widely used by our clients is the Bookkeeping and Accounts virtual assistant.

No entrepreneur wants to spend majority time and effort in comparing invoices against orders, daily track of trade payables and receivables, and other accounting and bookkeeping tasks. Having a reliable virtual assistant who performs the entire bookkeeping and accounting for the business is an excellent way to perform these business operations in a cost-effective, transparent manner. You are provided with summaries on a regular basis to keep a track of finances. But the routine and mundane tasks of payment follow-ups, matching purchase orders against invoices, etc are handled by our virtual assistant.

Having virtual assistant services for bookkeeping and accounting can help you do the following easily:

1. Bill Payment and Invoice Generation – All our virtual assistants are trained and qualified accountants and finance personnel that carry out tasks right from invoice generation to making bill payments and even dues follow-ups by calls. Virtual assistants ensure that all bills are paid on time. A virtual assistant functions just like your own accountant in this regard and provides regular updates and summaries of daily tasks.

2. Payroll Management –Virtual assistant companies like Virtual Glitz have this service embedded along with the bookkeeping and accounting service wherein cash management for payroll management is done by the virtual assistant.

3. Maintaining financial data in your chosen software application – We have bookkeeping staff that is well-versed in all the important enterprise resource management software and help you enter all the financial data into the software regularly. All the tedious task of feeding each line item into the software can be done by our team efficiently and promptly.

4. Reconciling bank and credit card statements – The important task of reconciling accounts with customers and also the bank can be performed by our virtual assistant so that there are no hassles when books are closed for preparation of financial statements

5 Create Financial Statements – All our bookkeeping virtual assistant is well versed with taxation rules and accounting principles and statutory norms. Hence, they can easily prepare financial Profit and Loss statements and also Balance Sheets regularly for our clients. Whether you need a cash flow statement and analysis or prepare a trial balance, our virtual assistant can help you anytime remotely. End of the year accounting and preparing annual statements are also some tasks where virtual assistants can help.

6. Preparation of Taxes – Our accounting virtual assistants take care of all the deadlines for tax filings and prepare tax accounts, prepare tax statements, pay taxes, file for tax returns and perform all tax-related statutory taxes easily and transparently after consultation with you.

Thus hiring a VA can play a very important role in keeping your books in order by proper bookkeeping and accounting in an extremely cost-effective, transparent and easy manner.