6 Effective Strategies for Delegating Tasks to a Virtual Bookkeeper
We understand your challenges as a small business owner because we’ve been there, too. You have a vision and a passion, and you dedicate yourself daily to turning that vision into reality. But building a business from the ground up often means juggling many roles—handling everything from scheduling and marketing to bookkeeping and web design. Eventually, you may find there’s just not enough of you to go around.
We also know it’s tough to relinquish control over any aspect of your business. However, if you’re serious about growing beyond the one-person show, it might be time to bring in some virtual help, especially when it comes to managing your books.
Stop Doing Your Own Bookkeeping!
Keeping precise and accurate financial records is undeniably one of the most crucial tasks for any business. A single mistake or oversight could result in significant and costly issues. A virtual bookkeeper can manage everything from tracking receipts, handling accounts payable and receivable, and managing payroll and reimbursements to taking care of taxes—freeing you up to focus on what you do best: growing your business.
Here’s what you can delegate to a virtual bookkeeper:
A virtual bookkeeper can take on these tasks so you can offload at least one of your many responsibilities. Let’s be real: unless you love dealing with numbers, budgets, and financials, it might be best to leave this work to the pros.
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Accounts Payable: A virtual bookkeeper can manage your vendor bills, ensuring payments are scheduled and processed on time.
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Accounts Receivable: They can handle invoicing, send out statements, assist with collections, and record payments in QuickBooks or a similar system, aligning deposits with what you bring to the bank.
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Taxes: Taxes can be a headache, but a bookkeeper who knows your financials inside and out can work with your tax preparer to ensure everything is in order. They can also confirm that your estimated tax payments are accurate.
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Employee Payroll & Reimbursement: Your bookkeeper can manage payroll through QuickBooks, other accounting software, or a payroll service provider, including processing paychecks and expense reimbursements. They can also enter payroll data into your accounting system once reports are submitted.
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Account Reconciliation: A virtual bookkeeper can reconcile your accounts, whether you provide them via fax, email, mail, or online access, ensuring everything is in balance.
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Bank Feeds: Your bookkeeper can manage all your transactions through your accounting system’s bank feed, matching deposits, payments, and other transactions and ensuring everything is accurately recorded, even those that happen outside your main system—like credit card or EFT/ACH transactions and handwritten checks.
With a virtual bookkeeper, you get the expertise and dedication of a professional without the overhead of having someone on-site. This allows you to reclaim valuable time, energy, and peace of mind so you can focus on what really matters: growing your business.
Ready to start delegating your bookkeeping tasks? If you’re prepared to hand over your bookkeeping duties to an expert, contact Lazar & Company today!