Why Virtual Accounting is Essential in a Post-COVID World
Small businesses need to be able to handle their finances and make the right decisions for the ideal financial future; see how virtual accounting could help.
The coronavirus pandemic has prompted a rethink for businesses worldwide and has highlighted the importance of financial management within companies.
Achieving financial security and keeping businesses healthy have become common goals for SMEs and multinationals worldwide.
One clear thing is that there is a need for accounting and finance experts as much as possible. Which a lot of businesses need to try to implement.
Remote working and outsourcing have become a lifesaver for so many businesses globally. This has opened the door to virtual accounting, essential for your modern business finances.
Here are some reasons that make virtual accounting a business essential in a post-COVID world.
Virtual Accounting Will Get You Professional Guidance
One of the best reasons for looking to utilise virtual accounting in a post-COVID world is that it gets you direct professional guidance at an essential time.
You need people who know what they’re talking about to help you make important financial decisions as a business.
Outsourcing to professional accounts gives you a clear point of contact with financial experts.
Statistics tell us that 58% of large companies utilise cloud accounting, which will surely rise as we continue to work through this pandemic.
Virtual Accounting Saves Money
Looking for ways of saving money and cutting costs as a business is more important than ever at a time when companies are losing money.
Virtual accounting is brilliant for helping to save money as it is a more cost-effective option for most people.
Remote bookkeepers can save your business between 30%-50% of the cost of hiring an in-house bookkeeper.
You won’t need to pay for training, payroll tax, sick pay, annual leave, or background checks, which can save you a lot of money.
Contactless Business
Since the global pandemic has been in full swing, social distancing has become a key part of life.
And this is why businesses must adhere to social distancing laws as much as possible. A virtual accountant certainly helps with this.
By hiring accountants working remotely, you don’t have to worry about them coming into contact with others or be a physical presence in the company.
Contactless business practices are paramount for future success, which is something to consider now.
These are just a few of the core reasons you need to make the most of virtual accounting and make it one of the key parts of your business in 2020.
Suppose you are serious about surviving and thriving through coronavirus. In that case, this is one of the things you need to keep in mind moving forward.
Understand why virtual accounting matters so much and why your business needs to be introducing it.
Do you want to find out more about Virtual Accounting?
Cubed Consultancy has provided a complete outsourced finance function for several clients, both startup and established multi-million-pound turnover businesses all over the UK.
This includes daily bookkeeping, producing sales invoices all the way to credit control.
Reach out to discuss how we can help and save your business money.
These are just a few of the core reasons you need to make the most of virtual accounting and make it one of the key parts of your business in 2020.
Suppose you are serious about surviving and thriving through coronavirus. In that case, this is one of the things you need to keep in mind moving forward.
Understand why virtual accounting matters so much and why your business needs to be introducing it.
Cubed Consultancy has provided a complete outsourced finance function for several clients, both startup and established multi-million-pound turnover businesses all over the UK.
This includes daily bookkeeping, producing sales invoices all the way to credit control. Reach out to discuss how we can help and save your business money.
Cubed Consultancy ltd