How it should work

Bookkeeping & Payroll

Managing your finances is one of the most important aspects of running a business — but it’s also one of the most tedious and time consuming. And when you are tired from all your other work or in a rush just to get bookkeeping out of the way, mistakes are much more likely.

As a small business owner, hiring accounting staff will be out of your budget. However, you do have the option to hire a virtual assistant for bookkeeping.

Virtual assistants help businesses in different types of industries by lifting a massive amount of workload involved in running a business. You can have them do various tasks, like managing your social media, handle your accounting, answer emails, and many more.

The key difference between a “solopreneur” (someone who is the only person in their business) and a business owner is a team!

Whether you hire a single Virtual Assistant or you build an entire team of virtual staff, outsourcing to remote team members can have a significant impact on your productivity and the growth of your business.

Here are some of the main duties a Bookkeeper Virtual Assistant can perform and help your business reach new heights:

Maintaining Financial Records

  • Bookkeeping virtual assistant can handle all your tedious tasks and prevent your business from turning into a sinking ship.
  • Your virtual assistant accounting expert can categorise everyday expenses into understandable and easy to manage labels.
  • Accounting for businesses means reconciling each transaction with line items. Systems also need to be in place for recording purchases.
  • Business owners should also record receipts and link financial transactions to accounts.
  • A stellar accounting program also includes itemization to help business owners in tracking levels of cost efficiency.

Bill Payment and Invoice Generation

  • A virtual assistant can make bill payment easy as can be.
  • He or she is trained and qualified to carry out all those accounting tasks from paying bills to collecting payments or generating invoices.
  • Reporting requirements, invoice generation and tracking returns are some ways your virtual assistant bookkeeper can help you to keep score.
  • Now, even payment follow-ups are no longer a problem, because when it comes to tracking dues, your virtual assistant is on the job.

Payroll Management

Payroll management is a cinch when you have a virtual assistant on hand to send you weekly reports and walk you through the entire payment process.

For small or big businesses, payroll management is also a priority.

Create Financial Statements

  • Profit and loss or balance sheet statements are also easily generated by your bookkeeping virtual assistant.
  • Whether it’s a trial balance or a cash flow analysis, your bookkeeping virtual assistant can be an invaluable asset.

Preparing Taxes

If the HMRC, IRS or equivalent treasury department in your respective region deadlines are giving you nightmares, it’s time to dial a bookkeeping virtual assistant who can prepare your taxes, manage tax filings and taxable accounts and ensure you file your returns on time, every time.

Keeping Track of Loan & Insurance Dues

  • From your EMI to insurance premiums, now track each and every aspect of financial dealings with a skilled virtual assistant by your side.
  • Save valuable effort and time, by making sure you never miss a single payment, with an alert and astute virtual assistant to help you track it all.

Legal and Regulatory Concerns

Sometimes, reading the fine print can be hard.

The main culprit is lack of time. If you need to keep track of changing tax laws, rules and regulations, a trained bookkeeping virtual assistant can help you to keep up.

End of the Year Accounting

The bookkeeper Virtual Assistant by Danco.Work also keeps it real, preparing reports for your accountants for the end-of-the-year review.

Towards the close of the accounting period, your virtual assistant can reconcile numbers too, ensuring your bank statement matches what the financial software displays, and there are no duplicate or erroneous entries.

Whether you own big or small operations, an office spanning a hundred workers or a home office for three, starting and managing your own business is not easy.

Being a boss means managing multiple roles. Hiring an assistant for bookkeeping is easy and cost-efficient when you choose a remote worker.

"Making a customer experience investment should not be considered a business cost, but a sales opportunity. The pennies that go into developing a better customer experience will come back to you ten times over in sales"

International Pricing Guide