Online Bookkeeping Services
Picture of Carmen Leung

Carmen Leung

Carmen is Source Online's Director of Client Services, and holds a Bachelor of Business Administration with a major in Accounting, diplomas in Finance and Accounting, and a certificate in Business Administration.

5 Benefits of Online Bookkeeping Services for Small Businesses

Small business owners know that running a successful business requires support from a team of reliable and knowledgeable professionals. Many top business owners will tell you that parsing out key operational services, such as bookkeeping services, is the smartest move a small business owner can make. 

When searching for a bookkeeping firm to oversee your business’ books, be sure to find one that can integrate with your company easily. Firms that offer online bookkeeping services are ideal for making a smooth transition, especially for small businesses. In this article, we will share five of the best benefits small businesses experience with online bookkeeping services.

Enhance Efficiency with Online Bookkeeping Services

Finding an efficient and manageable system to store and organize financial documents can be cumbersome and time-consuming. Online bookkeeping services help streamline the amount of time and effort small business owners spend dealing with paper documents. The result is an overall increase in efficiency.

Save Space

Is your office bursting at the seams with paper receipts, payroll documents, and invoices? Do you have enough space to store those documents? That’s safe and manageable for the long term? With online bookkeeping services, such as payroll management and invoicing, the cost of storing paper documents is significantly reduced, if not eliminated.

Save Time

Searching for paper documents takes time that could be better spent running and growing your business. Just like those used by Source Online Bookkeeping, online filing systems make chasing down lost files and misplaced receipts a thing of your past.

Improve Security with Cloud-Based Accounting Services

Security is always a concern that small business owners need to take seriously. In 2020, adequate security measures are necessary to protect both a business’s physical assets and their virtual assets. Virtual assets, such as those listed below, can be more easily safeguarded with cloud-based accounting software.

Protect Client Information

Protecting a client’s confidential information is vitally important to maintaining your clients’ trust and the reputation of your business. With cloud-based accounting services, you can rest assured that sensitive customer information is being well-protected.

Protect your Business

Hefty fines are just one of the fallouts that can occur if your business falls victim to a preventable security breach. Loss of revenue, public distrust, and legal repercussions may also occur. By having your books protected by a secure, cloud-based storage system, you’ll avoid putting your business’ virtual assets unnecessarily at risk.

Make Invoicing Easier With an Online Bookkeeper

Staying on top of incoming and outgoing invoices can be a frustrating and confusing process for many small business owners. However, an accurate account of current invoices is essential to run a profitable company. Online bookkeeping services makes the hassle of invoicing easier to handle.

Maintain Cash Flow

When a business’ invoice system is efficient, quick, and accurate, cash flow management is more easily overseen and maintained. Online invoicing services performed by a reputable bookkeeping company are an easy way to improve business cash management and flow.

Conveniently Access Business Financials with Online Bookkeeping Software

The age of technology has led most business owners to adapt their services and operations to be online-friendly. This means most companies are open for business round the clock. Accessing important financial information when working with clients in real time is becoming the norm for proprietors operating a company with an online presence.

Conduct Business from Anywhere

Online access to financial reports and documents can make business dealings when traveling more accessible and less cumbersome. Managers, sales representatives, and personal assistants can conduct business transactions and accounting tasks from almost anywhere when a cloud-based system is available.

Get Software Support and Training with an Online Bookkeeping Firm

Bookkeeping software is invaluable to bookkeepers, accountants, and business owners. But, they need to know how to use the software programs and apps correctly. With a bookkeeping firm dedicated to using industry-leading online accounting software, you’ll gain access to the necessary tools and training needed to run your books smoothly.

App Training 

Qualified online bookkeepers can help get you and your staff trained-up and running with the cloud-based accounting apps best for your business. At Source Online Bookkeeping, our app training services can be conducted remotely, including over the phone or by a virtual meeting. And, we can provide app training to anyone, anywhere in Canada.

Choose Source Online Bookkeeping For Your Small Business

Sourcing out vital management tasks, such as bookkeeping services, will help you run your small business smoothly, efficiently, and confidently. For companies located on Vancouver Island, or anywhere in Canada, choose Source Online Bookkeeping as a trusted partner you can rely on to keep your books in order. Contact our team today to start streamlining your business operations.

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