Why Choose Virtual Accounting

By Coco Chen, CPA, CGA - October 10, 2020

Virtual accounting is that business deals with all accounting work online in a cloud base environment. It has been there for a while, but it is getting popular, especially under current COVID-19 pandemic. The pandemic speeds accounting goes online for at least 3 years earlier. 

Why? For one reason is that people were farced to eliminate face to face communication. You used to collect a box of your receipts and bring it to see your accountant and meet with him/her for a face to face meeting. But nowadays, people will use different software and/or app to help organize documents and meet online. During the pandemic period, people start getting used to this new way to communicate. It is actually more efficient. For example, when business owner can deal with their receipts and invoices by taking a picture and save it to a cloud sever right away when the purchase happens, who would like to spend a lot of time to organize paperwork? Also, I think most of the business owners enjoy using Zoom, Google Meet or other tool to meet online. Because it offers flexibilities to meet anywhere any time, and you don't need to stuck at the traffic all the time. 

Another reason virtual accounting is practical now is because technicians have developed a lot of different tools to help virtual accounting possible and cost efficient. App and software are covered accounting, reporting, inventory management, payroll, mileage tracker, e-commerce business payment and accounting integrations, etc. You named it. Not only virtual accounting can solve almost all accounting related problem, but also virtual accounting does the task in a more efficient and more accurate way. Business owners apply these tools to save time, and they can focus on other more important jobs. 

Given the technologies are available today to make accounting online, proper set up is crucial to achieve the ideal result. Here is why we are here for you. Base on your accountant Coco's experience and certification, she study your business in depth together with you and set up the most suitable virtual accounting system for you and your business. The fact that we mainly work from home, we're more efficient because we don't spend time in commute. Also, we are able offer our clients a good price because we lower our costs by limiting our overhead costs. 

To summaries, we think virtual accounting is the trend for business in the foreseeable future. If you want to take advantage in fast updated technologies, do it today rather than 3 years later. If you need help or have questions regarding virtual accounting and our service, please feel free to contact us. 

Recent posts
By Coco Chen, CPA, CGA - October 10, 2020