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:
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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, and details of other non-cash transactions. We need to connect your bank account with QBO.
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Recording of Transactions: After the data is received, our team of accountants will start maintaining a chronological record of these transactions on your behalf.
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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.
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We offer our bookkeeping services virtually using QuickBooks Online, without any need for your physical presence yours.
What Does it Include?
Our bookkeeping services are a single accounting package that your business needs and includes the management of:
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Accounts Payable
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Accounts Receivable
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General Ledger Postings
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Bank Reconciliations
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Preparation of Financial Statements
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:
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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.
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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.
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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.
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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.
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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.