The difference between an in-house Accountant and a Virtual Accountant - AccountingX

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June 18 2018

The difference between an in-house Accountant and a Virtual Accountant

Some business owners prefer in-house accountant to virtual accountant. They believe virtual accounting weighs too much than an in-house accountant. However, the truth is that virtual accountant has significant benefits to your business regarding expenses. Having virtual accounting services will save you a lot. You do not have to look for office space for the accountant, no recruitment, and retraining fee among other expenses you have to encounter if you pick in-house accountant. Here is a look at some of the benefits of a virtual accountant.

 

Peace of mind

Fraud is a concern to every business owner, and one cannot be at peace if s/he is not assured of safety. Therefore, using a virtual accounting you are assured that your investment is well protected from fraud since the virtual accountant firm ensures you are under fiduciary insurance.
Convenience and efficiency
In virtual accounting, there is no use of papers since recording and documentation is done online; therefore, virtual accounting promotes a clean working environment. Also, it allows the business owner to concentrate on the business operations, hence, increase productivity.

 

 

Cost-effective

As an entrepreneur when hiring an accountant and you go for in-house accountant be ready with an office for the employee, include the employee on health insurance list, payroll taxes just to mention a few of the extra expenses you have to incur in place of an in-house accountant. Use of virtual accounting services can eliminate all these expenses; hence saves on costs.

 

Quality

You may know a lot about your venture, but you may not have enough knowledge of accounting. Hiring a qualified and certified accountant can be hectic; therefore, getting virtual accounting service will save you the trouble. With virtual accountant, you will get quality and clean services. You will not have to worry about inefficiencies and that fat check you have to write for in-house finance personnel.
The above are just some of the advantages of having virtual accounting services in your firm. Even without learning more about a virtual accountant, you can tell that your business will benefit from the service. Decrease your business expenses with a virtual accountant.

 

For more information on how you can benefit from a virtual accountant schedule your free 15-minute consultation today!

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