You may have a few questions before your company switches to virtual accounting and online bookkeeping services. Do not hesitate to contact us and ask as many questions as you like: we are happy to help.
Here are answers to the most common questions we are asked about virtual bookkeeping:
1. What is online bookkeeping?
Online bookkeeping is very similar to traditional bookkeeping: It is the process of keeping your financial records. But with online accounting services, all of this work can be done in one virtual location, which makes it more convenient and allows you to benefit from expertise not found in your workplace.
2. Is this only for small businesses?
No, in fact, the average customer makes anywhere between $ 1 million and $ 10 million annually.
3. What is the best online accounting software for small business?
We use our accounting software as our primary financial platform, and we can also use QuickBooks (depends on business needs), which can help automate your company for greater efficiency.
4. How do we get our documents to Wall Street Consulting?
There are several ways to obtain documents from us. We use Google Drive in addition to (any other available Drive services) to make things easier for you.
5. What should I pay for bookkeeping services?
Most accountants charge between $ 700 – $ 1000 a month for their services, so you shouldn’t pay more than this. Our pricing packages allow you to pay on a quarterly; semi-annual, or annual basis, with rates starting at $ 350 per month. The cost of online accounting services will be adjusted to meet your needs.
6. How long does it take to set up online accounting services?
Depending on the condition of your books, it may take at least two weeks to set up online bookkeeping services. If your books are not up to date, our Small Business Online Accountants will do so as we will need to organize them before we can proceed with the day-to-day work.
7. How does a virtual bookkeeper work?
You will communicate with us remotely, and our online accounting services will take care of the details of your financial statements and provide you regular reports.
8. Why should I use the virtual bookkeeping services on an in-house accountant?
- Usually, we cost 40% of what you pay internal staff.
- We have updated tools and software.
- We offer a unique win-win training program.
9. Is there a contract?
Most of our clients enter into a 6-month contract (since there is no admission fee). If your books are late, we may suggest one to ensure the relationship runs smoothly, but almost all of our customers are in line Half yearly with us.
10. Is there a setup fee?
If your books are recent, then there is no fee. If it’s messy when you start with online bookkeeping services from Ignite Spot, we can help you update it for a one-time fee. We have helped a lot of companies clean their books and we will do the same for you.
11. where do you live?
We are located in the United Arab Emirates