The future of the accounting profession is in virtual accounting services. They make long-term financial planning easier, more efficient, and more productive for businesses and individuals in Canada. As a premier virtual accounting firm in Canada, Accountico CPA extends its services to businesses throughout the nation.. Our team of accountants works hard to ensure that our clients have a firm grasp on their finances and growth by providing accurate record-keeping, management, analysis, planning, and tax services. The added convenience of having these accounting services performed remotely only increases their value.
Should you switch to a virtual accounting service?
Virtual accounting firms are being used by a growing number of businesses and organisations. If challenges such as missing invoices, looming payment deadlines, payroll complexities, tax season stress, or hesitations in making significant financial decisions resonate with you, virtual accounting services present a potential solution. Virtual accounting services extend their advantages across various sectors in Canada, spanning retail, manufacturing, legal, real estate, medical professionals, entrepreneurship, self-employment, IT, and many more.
To ascertain if virtual accounting services align with your business needs, avail a complimentary consultation from the Accountico team to explore how we can contribute to your company’s success.
Virtual Accounting and Bookkeeping Services
As a leading virtual accounting firm, we cater to Canadian small businesses, SMEs, corporations, and individuals. Our comprehensive suite of services addresses diverse needs, fostering annual growth. Despite our virtual presence, we operate as a vital member of your team, dedicated to your prosperity. If you’re considering an upgrade to virtual accounting, we also provide remote bookkeeping services that can be tailored to your business’s needs.
Notable features of online bookkeeping for businesses include:
- Bills can be paid, payroll processed, reports generated, and invoices issued automatically under your watchful eye and that of your accountant.
- When using cloud-based accounting software, you don’t need to keep a local copy of the program installed on a single computer. You can use the program on any device and at any time.
- Virtual accounting software has all the necessary algorithms and calculations built in, so it’s more accurate. The same system is used for all calculations, so there is no chance of duplicating efforts or making an error.
- Cloud storage also facilitates easier teamwork and communication with remote partners like virtual accountants. Employee access can be controlled so that specific employees, such as those in charge of sales or marketing, are given the information they need without having to go via the accountant.
- Due to redundancy and disaster recovery, businesses no longer need to worry about losing financial information in the event of a computer failure. When you use cloud-based accounting software, your information is always safe. If your computer fails, you won’t lose any of your data because you can access it from another device. Don’t worry if your screen goes black unexpectedly again.
- To ensure that you never miss a deadline again, it is recommended that you create a calendar reminder for your remote software.
Virtual Business Accounting vs Traditional Accounting: A Comparative Perspective
| Virtual Accounting Firm | Traditional Accounting |
| Collaborative Teamwork | Often Solo Operation |
| Cutting-Edge Technology | Relies on Outdated Software |
| Cost Efficiency | Higher Costs Due to Overheads |
| Automatic Compliance Updates | Manual Update Management |
| Predictable Flat Rate Costs | Variable and Surprising Bills |
| Swift Support Within 24-48 Hours | Potentially Lengthy Response Times |
| Scalability Aligned with Growth | Limited Customization and Scaling |
| Assured Peace of Mind | Persistent Worries and Uncertainties |
| Immediate Access to Information | Delays in Information Sharing |
| Flexible Virtual Meetings | In-Person Meetings and Document Sharing |
It’s time to move to a virtual business if you’re having trouble with any of these common accounting tasks. Working with a virtual accounting firm that offers comprehensive services might relieve the burden of keeping accurate financial records. Contact us for a free Consultation.