Outsource Virtual Bookkeeping Assistants
Virtual Bookkeeping assistant are accountable for capturing and keeping precise records of financial data or transactions in a company. They usually assist in the preparation of financial statements for businesses as well as accounting companies.
- Expert across industries
- Quality VAs
Benefits of hiring a 24x7Direct virtual bookkeeper
Labour Cost Savings
Increase Efficiency
Save Resources
Responsibilities of a bookkeeper virtual assistant
As a virtual bookkeeper, your responsibilities encompass a range of vital tasks crucial for maintaining accurate financial records and ensuring the smooth functioning of your business’s financial operations. Some key responsibilities include
- Recording Transactions: Accurately recording all financial transactions including purchases, sales, receipts, and payments.
- Bank Reconciliation: Reconciling bank statements and ensuring all transactions are accounted for and properly categorized.
- Accounts Payable and Receivable: Managing accounts payable by processing invoices, issuing payments, and managing vendor relationships. Additionally, managing accounts receivable by invoicing clients and ensuring timely payment.
- Payroll Processing: Handling payroll tasks such as calculating wages, issuing paychecks, and managing tax withholdings.
- Financial Reporting: Generating financial reports such as balance sheets, profit and loss statements, and cash flow statements to provide insights into the financial health of the business.
Benefits of Outsourcing Virtual Bookkeepers
Bookkeepers can be described as a jack of all trades job. They can assist with many accounting tasks like reconciliations with banks, payroll processing and accounting for BAS (Business Activity Statement) preparation and reporting, as well as receivables and accounts payable activities.
One of the biggest challenges for companies across all sectors, not just accounting, is finding high-quality employees. Similar is the case about hiring a bookkeeper virtual assistants of high quality. An answer is outsourcing.
Outsourcing bookkeeping to the Philippines allows businesses to access highly skilled professionals at a lower cost compared to hiring locally. Labour costs in the Philippines are typically more affordable, leading to significant savings for businesses.
Filipino virtual bookkeepers are known for their proficiency in accounting principles and software platforms. Many possess relevant certifications and undergo continuous training to stay updated with industry best practices, ensuring accurate financial records and compliance with regulatory requirements.
Leveraging the time zone difference between the Philippines and countries like Australia allows for round-the-clock productivity. Tasks assigned to virtual bookkeepers can be completed overnight, leading to faster turnaround times and increased efficiency in financial management processes.
Outsourcing bookkeeping tasks frees up valuable time and resources for businesses to focus on core activities such as business development, strategic planning, and customer engagement. By delegating routine financial tasks to virtual bookkeepers, businesses can improve their overall productivity and competitiveness.
You can leave the rest to us!
Our team will present shortlisted candidates to you after a robust recruitment process. You have the final say.
We manage payroll. Staff get above average salary, sick leaves, annual leaves, 13th month pay and public holiday loading.
We look after the IT functions. We provide the laptop and any tech support required for your staff member to perform their duties.
You will be looked after by our Success Manager who will provide support to your team member as well. They will even manage the performance appraisal process.
Schedule Your Free Consultation
You can book a call by clicking a date of your choice and we’ll explain the whole process. We are based in Australia with all our staff based in the Philippines and have clients across the globe.
Note: For job applications and inquiries, please visit our Careers page instead.