Bookkeeping Services

What is Bookkeeping?

Bookkeeping is the process of recording the day-to-day transactions of a business to keep track of business activities. It is one of the vital most processes for any organization since a company without bookkeeping is like a vehicle without a headlight. The recorded financial data helps analyze the current position of a business and paves the way for future decision-making. Bookkeeping services involve the end-to-end process from entering into a transaction to its recording and analysis.

What are Virtual Bookkeeping Services?

V-Tax has endeavored to bring the bookkeeping services online. We understand how difficult it is for you, especially as a small business owner, to manage the books of accounts alongside the daily hustles. Therefore, V-Tax has introduced online bookkeeping services for every business owner who wants to focus on the cores of his business. Our virtual bookkeeping services combine the automation of accounting software with the guidance of our professional accountants.

How Does it Work?

We have a team of trained accountants who have expertise in delivering online bookkeeping services. We follow a simple 3-step process for providing our virtual bookkeeping services to our clients:

  1. Sharing of Data by you: Once you avail of our bookkeeping services, we undertake to maintain your accounts daily. Therefore, you need to share your data with us, like bank statements, details of other non-cash transactions. We need to connect your bank account with QBO.

  2. Recording of Transactions: After the data is received, our team of accountants will start maintaining a chronological record of these transactions on your behalf.

  3. Sharing of Final Accounts by us: We keep a regular track and share the fortnightly/ monthly with you. Our accountants may also connect with you for a quick doubt resolution. The bookkeeping services involve proper journal entries, trial balances, and final accounts.

We offer our bookkeeping services virtually using QuickBooks Online, without any need for your physical presence yours.

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What Does it Include?

Our bookkeeping services are a single accounting package that your business needs and includes management of:

  • Accounts Payable

  • Accounts Receivable

  • General Ledger Postings

  • Bank Reconciliations

  • Preparation of Financial Statements

 

Advantages of Virtual Bookkeeping Services

 

Bookkeeping is an indispensable supplementary activity for any business. It supports main business processes by framing a picture of the current situation of the company. However, the bookkeeping process can prove troublesome for small business houses and may deviate from their primary business. This is where V-Tax's virtual bookkeeping services come into play. Let us look at what benefits your business can derive from our virtual bookkeeping services:

 

  1. Our services are entirely virtual. This means you do not need to go anywhere, and everything can be done over emails and calls. Our team will keep sharing the accounts with you to ensure that things are on a mutual track.

  2. Outsourcing of bookkeeping services offloads you from the burden of maintaining accounts. This gives you extra time and energy to focus and grow your primary business.

  3. You can save up on your overhead expenses as you do not need to hire an accountant on the payroll to look after your books.

  4. You get services from experienced accounting professionals who ensure the authenticity and legitimacy of your data and bestow some of the best advice for your business's growth. 

 

For Whom are Virtual Bookkeeping Services Suitable?

 

V-Tax's virtual bookkeeping services are the only accelerator that your business needs. We have been rendering these bookkeeping services for a long and are fully aware of the industry practices and legal standards. Virtual bookkeeping services are the future of the accounting industry. Let us look into why virtual bookkeeping services are fast becoming so popular and their suitability:

 

  1. It is most suitable for small businesses or businesses in their growing phases where resources are limited, and processes are unclear. As a growing business, business people already face the challenge of survival, and managing to account alongside can deviate them from their goal. Thus, outsourcing bookkeeping services turns out to be economical and gives more flexibility in terms of resources.

  2. Any business that does not want to hire accountants and other employees on their payroll can outsource bookkeeping services to accounting professionals like V-Tax. Hiring employees is more tedious and burdensome in finances, but it also increases the compliance burden like Social Security.

  3. Any business that is highly specialized and involves the business heads' commitment to the services and projects. In such cases, it becomes challenging to take care of various operations like accounting, and thus, it becomes more prudent to outsource them to a reliable third party like us. V-Tax's bookkeeping services handle your accounting with a 360-degree view, so you don't need to worry.

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Why V-Tax?

 

V-Tax is a firm run by a group of Enrolled Agents and other accounting professionals possessing broad experience in the bookkeeping industry. With a comprehensive knowledge of accounting standards and allied laws, V-Tax has delivered quality bookkeeping services for a long. V-Tax Services has constantly been regarded as a first choice by clients for various financial assistance due to the following reasons:

 

  1. Inexpensive yet Quality Services: At V-Tax, our focus is upon delivering quality bookkeeping services at affordable prices. We believe in making long-term relationships with our clients by providing the best bookkeeping services for their utmost satisfaction.

  2. Nationwide Service: By providing our bookkeeping services virtually, we intend to reach people all over the country and make our services available to them. No physical presence is at all required, and all communications are handled via emails and calls.

  3. Data Privacy: We understand how confidential and sensitive your financial data is, and any leakage can prove to be disastrous. Thus, at V-Tax, we assure you that your information is in safe hands, and we maintain the integrity of our bookkeeping services.

  4. Expertise: V-Tax employs a group of highly specialized and qualified accountants to make our bookkeeping services a memorable experience for you. Our team possesses a deep knowledge of the best industry practices and will keep you posted with the latest developments in accounting through their bookkeeping services.

  5. Punctuality: This is a practice our whole team abides by, and we never fail to deliver our commitments on time. We have always been punctual with our bookkeeping services.

 

What Are You Waiting For?

 

Still in doubts about whether or not to avail V-Tax's virtual bookkeeping services. Then, call our team today, and we will explain the pros of our bookkeeping services to you in detail.

 

 

 

FAQs

 

  1. Are our virtual bookkeeping services Safe?

 

Virtual bookkeeping services are 100% safe, reliable, and efficient. We, at V-Tax, make ceaseless efforts to protect the integrity of the data you share with us. In addition, we maintain the highest standards of professionalism and confidentiality. We always go the extra mile to deliver seamless bookkeeping services to you. As a result, we have always been regarded as one of our clients' most ethical and trustworthy accounting professionals in our professional journey.

 

  1. At what frequency are the accounts shared with us?

 

V-Tax Services teamwork throughout, after you avail our bookkeeping services, to ensure that your updated accounts are ready with us all the time for your perusal. We edit the accounts regularly and share them with our clients weekly/ fortnightly/ monthly basis, as per the agreed terms. However, it depends upon the timings of data transmitted with us for bookkeeping services.

 

 

  1. How do virtual bookkeeping services prove cheaper?

 

Virtual bookkeeping services turn out to be cheaper than in-house accounting management in every way. Firstly, it decreases the cost of salaries and other related compliances since you do not need to hire accountants separately once bookkeeping services are outsourced to us. Secondly, you get the benefits of professional accountants included in the bookkeeping services package. Third, it lets you focus more upon your core business and thus improves your profitability.