Virtual Bookkeeping
Here Virtually can take care of a wide range of financial tasks, such as:
- posting expenses, invoices, and bills
- complete accounts payable and accounts receivable management
- generating financial reports you can understand
- account reconciliations so your books are accurate
- tax remittances to avoid extra fees
- payroll, T4s & ROEs
- preparing your books for your accountant
Book a discovery call to discuss your specific needs and to see how Here Virtually can help.
Services
Monthly / Quarterly Bookkeeping
Regular bookkeeping is a must-have for any type of business. Not only does it ensure your financial books are accurate and up-to-date, but it gives you critical information that enables you to make the right decisions throughout the year that will set your business up for success. Pricing is dependant on scope of work and volume, and will be discussed during a Discovery Call.
All regular bookkeeping includes:
- reconciling your bank and credit accounts to ensure all expenses and deposits are correctly recorded
- access to an online document management program to capture all the paperwork trails necessary to satisfy CRA requirements
- regular finance meetings with us to ensure you know how your business is doing and if you need to make any adjustments in order to meet your year-end goals
- ongoing preparation to have your books ready to hand over to your accountant seamlessly come tax time
Customized Services
These services can be added to any regular bookkeeping packages. Here Virtually bases pricing on all services we provide for your company and we are committed to finding the best solution for your specific business needs.
Payroll
- Regular payroll processing based on your pay schedule
- STAT pay calculations
- PD7A monthly remittances
- T4 creation and filing
- ROE submission
HST Calculation and Remittance
- Annually
- Quarterly
- Monthly
Accounts Receivable
- Importing sales from a 3rd party app (including Stripe, Square, etc.)
- Outstanding Receivables report
- Creating & sending out invoices
- Recording customer payments
Accounts Payable
- Setting up vendor bill payments
- Sending out payments
- Vendor reports
Additional Services
Bookkeeping Catch-Up
Having accurate financial reporting is crucial to making informed business decisions. If life has gotten busy and you haven't entered transactions into your accounting program for at least a month, connect with us for a quote on getting caught up.
Get Tax Ready
End of year does not need to be a stressful season for you - or for your accountant! Get on top of what's needed to be prepared for your company's year end. Contact us to see how you can reduce your own anxiety and satisfy your accountant's requirements.
FAQs
What is a virtual bookkeeper?
A virtual bookkeeper is a remote professional that offers a cost-effective way to manage your financial records. Depending on your needs, we can start with the day-to-day management of your transactions all the way up to full-cycle bookkeeping.
How do I know if I need a bookkeeper?
A virtual bookkeeper can help improve your business if:
- you are currently spending too much time and energy completing menial bookkeeping tasks
- your accounting records are not updated for the current period and you need someone to perform catch-up bookkeeping
- the line is blurred between your personal transactions and your business expenses
- you have been paying your accountant too much money to go back and fix your books during tax time
- you don't always know exactly how much cash you currently have on hand or how much profit was generated by the business last month
How do you get my financial information?
Taking advantage of cloud-based programs, you can upload all your financial information (receipts, bank statements, etc) directly to Here Virtually. No more bankers boxes filled with historical paperwork, everything is saved online and kept securely in the cloud.
What accounting program do I need?
Here Virtually specializes in Quickbooks Online, and offers support in Sage and Xero. Although using an online program is recommended, should you currently have a desktop accounting version, we are able to connect to your PC remotely.
What is your pricing structure?
There are a variety of bundles available to meet your needs depending on where you are in your business journey and your goals. All bundles are based on account volume, business size and complexity, and your specific business needs. To know more, schedule a discovery call to discuss with us about your company and how Here Virtually can help.
Bookkeeping Conversation
This is a one-hour session for you to ask all your questions, receive reliable financial advice, and be confident you’re doing things the right way. AI can give you advice, but what if you don't know what prompt to even input? How do you know if you're missing something important that could potentially set you back?
In this session you will gain vital advice catered specifically to your unique business that will allow you to move forward with a plan you can trust. This is a paid consultation: Invest in information exclusively for you that will set you up for success in your business!
Fine print: Open to Ontario business owners, HST is included, and yes this is an eligible business expense!
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