What you need to know about virtual assistant bookkeeping
Many owners hire in-house bookkeepers or local bookkeeping services firms for their bookkeeping. Now, you can also hire a virtual assistant bookkeeper to do so.
Bookkeeping is a complex and tedious task. You need knowledge to do it right. An experienced virtual assistant bookkeeper knows how to comply with the bookkeeping and accounting practices in UAE or Dubai.
You must know the information before trusting a virtual bookkeeping services firm with your company's finances in Dubai.
Virtual Assistant Bookkeeper
In short, a bookkeeping virtual assistant takes charge of your daily tasks. They,
- Update and maintain your books
- Prepare financial statements
- Provide accounting services
- Prepare management reports
- Field your customers' queries
A virtual assistant bookkeeper is as good as your in-house or local bookkeeper in knowledge and work. The difference lies in the fact that they work online. You cannot have a face-to-face meeting with them. After engaging a virtual bookkeeping services firm, you submit work requirements, invoices, receipts, and bills online. They process your financial transactions and submit their output to you online.
Virtual assistant bookkeepers are organised and pay attention to details. They have excellent communication skills, which is essential for collaboration. They use various accounting software systems to digitise financial data.
Qualities and Skills of Bookkeeping Virtual Assistants
Bookkeeping is not rocket science, but it is complex and takes time. And it is why hiring a virtual assistant bookkeeper or a virtual bookkeeping services firm makes sense.
They save you time, money, and effort, which you can use to achieve business objectives and goals. It is possible only if you choose the right candidate.
Slick with Numbers
It takes no guesswork that virtual assistant bookkeepers must be able to handle numbers or amounts carefully. They must precisely use operations like add, subtract, multiply and divide.
Organised in their Work
Virtual assistant bookkeepers are organised in their work. And they have to be aware of various things to:
- Maintain accurate records
- Follow your instructions
- Meet deadlines
Attention to Details
Your bookkeeping virtual assistant must pay attention to details, even the tiniest of details. They need this skill to spot errors, discrepancies, frauds, and any changes in the order.
Dependable and Ethical
Your virtual assistant bookkeeper must be an ethical, reliable, and honest professional. They must show their financial integrity while executing your bookkeeping tasks. It is the only way you can trust them with your business finances and their work.
Virtual Bookkeeping Services
These firms employ a team of qualified bookkeepers and accountants. These professionals have industry-wide experience and know how to bookkeep for different niches. These teams collaborate and share the workload to do your bookkeeping on time.
You can depend on them to provide the following services competently.
Income and Expenses Tracking
Your virtual assistant bookkeeper categorises and records or digitises your financial transactions accurately. Accurate data helps in calculating the correct tax amounts and profits.
Payments
Your assistant can take care of your billing and payments. They can pay your vendors on time and avoid fines or late fees.
Invoicing and Follow Up
Your bookkeeper virtual assistant can prepare and send invoices to your customers promptly. They can also send reminders to customers for the due payments.
It helps in keeping the money situation in check.
Bank Reconciliation
Your virtual bookkeeper must know how to do bank reconciliation. Comparing entries in your books with those in the bank statement helps bring your books up-to-date.
Updated books give you a clear picture of your business's financial status.
Virtual assistant bookkeepers have the same knowledge and skill set as local bookkeepers. They are professional, prompt, accurate, and can execute your accounting efficiently. They are affordable and can save you considerable time and effort.