Outsourced Internal Audit Services

Outsourced Bookkeeping Services

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Partner with Prime Offshore Accounting for Virtual Bookkeeping Services to get your complex bookkeeping tasks managed proficiently and keep your financial transactions organized. As a renowned Virtual Bookkeeping Company, we optimize your working capital, manage bank reconciliations, and help you balance bookkeeping workloads and staffing concerns.

With our Virtual Bookkeeping Solutions, you will get strategic guidance, cash flow projections, and in-depth analysis of your firm’s financial performance to make informed decisions and formulate well-constructed planning. Our seasoned accountants and bookkeepers provide remote assistance to tax, accounting, and CPA firms of all scales and sizes in the United States.

With our Virtual Bookkeeping Service, you will get significant flexibility in expanding your firm’s operations anytime to grow your business and cash in new projects during accounting seasons without worrying about expenditure on workforce, new infrastructure, and software. As a highly dependable Virtual Bookkeeping Firm, we aim to ease the burden of updating your account books daily and free you from staffing, software upgrades, and workforce challenges, enabling you to focus on your core business areas.

Our Virtual Accounting and Bookkeeping Services include classifying and recording transactions, payroll management, tracking expenses and invoices, tax documentation solutions, budgeting and forecasting, financial statements, and more, depending on your requirements.

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    Why Choose Us for Virtual Assistant Bookkeeping Services?

    Choose Us for Financial Analysis Outsourcing?

    Dedicated Account Manager

    We give our clients a dedicated account manager who is their solitary point of contact for resolving queries, requesting report changes, and asking for financial statements or other concerns to strengthen business relations.

    Saving on Overhead Costs

    By leveraging our resources and infrastructure, you can eliminate all overhead costs related to hiring employees, providing them salaries, spending on training and insurance, expanding infrastructure, and electricity bills.

    Mitigation of Employee Absenteeism

    You don’t have to worry about employees going on leave, uninformed absenteeism, and exiting without notice. Our virtual bookkeeping assistants will deliver you the assigned tasks within the committed timeframe and in adherence to the deadline.

    Free One-Day Trial

    We offer all our clients a free one-day trial to give an overview of our processes, working style, output quality, accuracy of reports, software employed, and best practices implemented by us to deliver you the assigned work in the free trial.

    Cost Savings up to 50%

    By outsourcing virtual bookkeeping services to us, you will enjoy considerable savings and arbitrage benefits of outsourcing from India. Our Virtual Bookkeeping Service pricing is flexible and tailored to your requirements and project tasks.

    Flexible Engagement Models

    You can cash in more projects and deliver the excessive workloads during the accounting period by hiring virtual bookkeeping services from us on a project-to-project (contract) basis or one-off task because of flexible engagement models.

    What do our Virtual Bookkeeper Services include?

    • Tracking Bills, Expenses, and Payments received from customers
    • Invoice Processing from Vendors and Suppliers
    • Cash Flow Management and Bank Statement Reconciliation
    • Payroll Management – Net Salary Calculations, Payroll Taxes, Processing, and more
    • Analyzing, Interpreting and Evaluation of Transactions for Preparation of the Balance Sheet
    Outsource Bookkeeping Services to Prime Offshore Accounting

    Frequently Asked Questions

    What is Virtual Bookkeeping?

    Virtual Bookkeeping involves hiring a bookkeeper to perform comprehensive bookkeeping tasks remotely from your home country or another nation. Virtual Bookkeeping Services are offered by individual bookkeepers (freelancers) and companies (third-party service providers).

    Virtual Bookkeepers use cloud-based technology and software to perform bookkeeping activities and deliver their client’s assigned tasks online. Virtual Bookkeeping allows businesses to get their work done remotely without deploying capital investment.

    What are the benefits of virtual bookkeeping?

    There are multitudinous benefits of virtual bookkeeping, and the following are prominent ones:

    • Access to advanced technology, tools, and software to gain a competitive advantage
    • Get your Bookkeeping activities performed by highly experienced, qualified, and competent accountants
    • Save time and cost by outsourcing bookkeeping responsibilities and utilize the resources to foster your business
    • Achieve scalability without deploying new resources on investment of workforce and software
    • Get 100% accurate and error-free output, as your final reports are checked thoroughly before sharing them with client

    What does a virtual bookkeeper do?

    A Virtual Bookkeeper works similarly to an on-site bookkeeper but remotely. They virtually expand your internal team rather than working from the office. A Virtual Bookkeeper performs all the assigned tasks online via cloud-based technology, from recording daily financial transactions and business events to updating you with online reports regarding work progress. They deliver the work within the dedicated timeframe, like an on-site bookkeeper. 

    A virtual bookkeeper extends your operational hours by working beyond your office timings and enhancing overall productivity. They even provide online support to your clients to resolve queries. You can grow your business by focusing on other activities with virtual bookkeepers.

    What software do virtual bookkeepers use?

    Numerous accounting software are available in the domestic and international markets employed by bookkeepers to perform bookkeeping activities. The following are the primarily preferred software used by virtual bookkeepers:

    • QuickBooks Online
    • FreshBooks
    • Sage Business Cloud
    • Wave
    • Xero

    How do you do virtual bookkeeping?

    The virtual Bookkeeping process involves four fundamental steps:

    • Classifying and analyzing each financial transaction and recording them in their specific accounts
    • Typing Original Journal Entries for each business event that debit and credit respective accounts
    • Posting journal entries to General Ledger accounts
    • Trial Balance of Adjusted and Unadjusted Entries and proceeding with preparation of reports

    The above is the standard Virtual Bookkeeping workflow followed by bookkeepers.