3 Common Online Bookkeeping Mistakes

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Any bookkeeping, business or tax article contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor can it be used to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.

Online/Virtual bookkeeping allows a bookkeeper to telecommute instead of physically working at a client’s office. It allows you to typically cut down your costs while maintaining standards and to save time. With this, you need to keep in mind that faults are inevitable. Below are three things that can go wrong and how to avoid them:

 

  1. Excessive Onboarding Time

Online Bookkeeping Mistakes

As a new client to an online bookkeeping company, there are a lot of things to be done in a short period of time. They set up their software, familiarize and train on how your company works and etc. With these preparations for your books, some may take too much time and may make too many mistakes. Thus, look for a good company that has a strong onboarding time, who’s productive and positive.

 

  1. Communication Mistakes

Online Bookkeeping Mistakes

Good communication is very important. It clarifies misunderstandings and mistakes. With online bookkeeping, it is very important to communicate clearly in order to clarify some questions, to avoid mistakes, to give feedback and reviews. Communication may be done through phone calls, emails, but importantly in-person meetings or through video calls. Remember, body language is important and a key to your success.

 

  1. Online Bookkeeping Expectations

Online Bookkeeping Mistakes

Not because you have an online bookkeeping team, doesn’t mean you need to unload them everything. Expect something that could be actually achieved and consider the work and time they have. And if there is extra work like inventory counting, consider your other staff to help out.

 

What’s the Benefit of Online Bookkeeping?

Online Bookkeeping Mistakes

Hiring online bookkeeping services gives a lot of benefits. You can save time, energy and be relieved of the bookkeeping duties. They will give you the assurance you need with their efficiency and accurate and timely reporting. And with that, the time saved can be used to a more productive way – a work where you are best at.

 

If you are considering to hire an online bookkeeping firm and avoiding the above mistakes, contact us today at admin@fas-accountingsolutions.com or (832) – 437 – 0385.

Online Bookkeeping Mistakes

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