weary of traveling from customer to customer and wasting time and money on gas, he decided to change the nature of his business. With more and more customers having access and feeling comfortable with e-mail and fax, he decided to offer Virtual accounting services, and that was the beginning of
MyVirtualBookkeeper.com opened its virtual doors for business in May of 2005. Utilizing the convenience of the Internet, fax and e-mail, it gives business owners on all levels a unique option for keeping the accounts balanced – at the fraction of the cost of a traditional bookkeeper or accountant.
Most people in business today spend more time supporting their business than they do actually working at their business. According to Adams, virtual bookkeeping is a revolutionary new way to get that time back. A small business faxes or e-mails or mails their monthly bank statement, credit card statements, loan statements and all entries area coded appropriately. Errors and red flags are checked and the customer informed. All accounts are reconciled and Financial Statements are returned by e-mail.
With no overhead or benefit costs to the client, MyVirtualBookkeeper.com is a service that no busy entrepreneur, real estate agent or small business can afford to do without. Since Adams only charges a flat rate of $100.00 a month, this type of service has become very popular, because most CPA’s and bookkeeping services charge a steep hourly rate. With a flat fee pricing, the company is assured of a fixed expense every month.
When asked why this idea hadn’t been capitalized on before, Adams says, “It basically is a question of economics. There are more self-employed people in today’s economy than at any other time in our nation’s history. These people have to conduct all aspects of their business, and support it too. There’
Adams sees tremendous great growth potential for MyVirtualBookkeeper.com. Being virtual, there’s no limit on where his clients are located. “Anybody, anywhere who wants to get back to doing what they love and went into business to do, should look at our services.” With a customer base from Massachusetts to New York to Texas, clients are comfortable using a service that isn’t local, because no direct access is given to their accounts or their checks. We are merely reconciling their figures. Another advantage is, we are coding their financial activity to the proper tax line item, so at year end it makes the job of their CPA very simple. We e-mail the file to them and they pull in all the data. Throughout the month, we answer accounting and tax questions to our customers at no extra cost.
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MyVirtualBookkeeper.com utilizes technology and the Internet to provide affordable, accurate, and professional bookkeeping and accounting services. Outsourcing your bookkeeping tasks is an economical way to handle business matters - from routine to complicated tasks. Accounting and bookkeeping projects are transmitted and communicated by e-mail, instant messenging, phone or fax.