As with most things in life, change is hard in business operations. When considering changing from a trusted method of accounting to virtual bookkeeping or accounting, many people have avoided the transition. The biggest reason we’ve seen is comfort and even complacency; business owners have many things to manage and prioritize. Change in accounting practices can be seen as too big a hurdle to overcome.
Virtual Accounting Services
The team at Froehling Anderson has found that especially during the pandemic, making the change to a virtual accounting firm has become more than a streamlined business decision. It’s become a necessity for many of our clients. Faced with not being able to meet in person or have one of our accountants visit their offices, clients have embraced this transition and embody what it is — a smart way to collaborate on key business operations in an innovative way.
What’s helped us navigate this process as seamlessly as we have is the fact that Froehling Anderson has a full-service accounting team in place, offering bookkeeping to CFO services. Our team can work remotely while performing all aspects of the accounting process for many of our clients. Completely virtual. Completely effective.
“I think the industry is going to change. The way we work with clients is going through innovation because we’ve had to. I think a lot of this will carry over.” — Daniel D. Hainlin, Partner
Virtual Accounting Tools
Today’s tools such as QuickBooks Online (QBO), Xero, Right Networks cloud hosting, LogMeIn, and other web-based applications that integrate with QBO make virtual accounting quite efficient. Both Skype and Zoom can be utilized for screen sharing when training opportunities arise or “face-to-face” meetings are necessary.
Advantages of Virtual Accounting Services
Some of the biggest advantages you and your company gain from virtual or outsourced accounting include:
- Freeing up valuable time
- Access to expert accounting services
- Assistance/execution of special financial projects
- Reporting packages
- Budget and dashboard visibility & management
- Potential of technology savings
- Process improvement & efficiencies
- Automation
- Paper reduction
- Immediate access to financial data
- Peace of mind
Take the Leap
Outsourcing your accounting-controller-CFO role can help you focus on your business and direct your valuable energy towards work that serves your clients and facilitates growth. Froehling Anderson can partner with you to fulfill your business accounting while you focus on what you love: your business and its success.
