5 Reasons to Partner With a Virtual Accounting Firm TODAY!

• Reading Time: 3 Minutes
• Published: December 1, 2020
• Last Updated: March 5, 2025

Businesses have realized that they do not have to invest their precious capital in a team of in-house accountants or have their finances walk down the ladder because of incompetent accounting and bookkeeping. Thankfully, the blessing of advanced technology has not eluded the accounting realm.

Today virtual accounting firms like Whiz Consulting go above and beyond delivering basic accounting services, tax planning, and bookkeeping. They have evolved to serve the functions of an entire accounts department virtually, without the overhead charges. So, let’s delve into the top 5 reasons that are making businesses, big and small, jump onto the virtual accountant bandwagon.

Daily Updates

Accurate financial data not only forms the very backbone of financial reports but also acts as a snapshot of shortcomings and growth. Whiz Consulting employs advanced Cloud Accounting software like Xero and Quickbooks to give real-time access to business accounting records. And, delivers daily error-free reports and statements right at your fingertips every day. Moreover, advanced virtual technology has also made a lot of room for collaborating on accounting records with our clients on their accounting records. Even when they are miles apart!
So, whether you would like to have a quick look at your bookkeeping reports before a presentation. Or, while enjoying your breakfast on a holiday, our virtual accountant platform will make it possible.

Reduced cost

If you are an up and coming brand, it might be a bit too much for your pocket to splurge on cloud accounting software, a rather expensive affair.
In addition to that, imagine the cost involved in having an in-house accountant who can deliver performance, at least, half as good as ours. This is one of the major reasons that’s pushing brands towards the virtual direction.
And, if you want to ditch the tech route and take the traditional road with stacks and stacks of financial documents and an accountant to scavenge through it. Rest assured of human error.

Budgeting and forecasting

In this age of volatile economic times of market disruptions and shifting trends, companies are welcoming the practices of data analytics and advanced software solutions, wielded by Whiz Consulting, for precise planning and forecasting to –

• Analyze company performance through accessible and engaging interfaces
• Use detailed, wide-spanning data to establish the causes of performance disruption
• Make optimum use of internal data and market trends to generate reliable predictions
• Create insightful data-modeling scenarios to anticipate unexpected market shifts or internal occurrences.

Account reconciliation

The repercussions of manual account and credit card reconciliation have pushed a plethora of companies into taking detrimental fiscal decisions. But more importantly, it has scarred and blemished the goodwill and reputation of businesses in the past.

Virtual accounting firms like Whiz Consulting offer automated reconciliation based on the industry’s best practices, regulatory standards, trends, and compliance mechanisms. This approach improves the visibility of total liquidity and diminishes the processing float. Thus, resulting in better credit control.

Salary happy employees with flawless payroll management!

Who doesn’t love the “ting” of their salary getting credited on time! However, with ex]pansion comes more employees and more payroll activities. Payroll gets even more complex with the inclusion of off-site employees, freelancers, and employees who travel across borders.

Collaborating with reputed virtual accounting firms is crucial at this stage to ensure timely and accurate payments and remunerations.

As one of the leading virtual accounting firms, we are armed with state-of-the-art technology to maintain your financial records, offer you cost-effective alternatives and help you take better financial decisions to shoot up your company’s growth and efficiency.

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