Trustworthy. Intelligent. Responsible. These are just some of the qualities take in virtual CPAs. Not everybody can sit at home and spend eight hours a day, either sitting at their computer, staring at a three monitors, or communicating primarily through messenger or email.
A virtual CPA is best for an accounting firm that is small, has limited staff, and can’t afford to hire a full-time in-house CPA. The benefits of a cloud-based, virtual CPA go beyond salary stability for the most qualified candidates. It is far more cost-effective than keeping an in-house employee, especially considering that this employee will have to deal with his or her employer’s policies and procedures as well as those of the accounting firm, if they are in the same state of affairs. By outsourcing to a virtual CPA, all the headaches that come with maintaining an in-house employee, are removed.
There is no denying that the world of finance is a complicated one. A financial adviser should be able to offer sound, insightful advice, but not just any advice. The financial advice offered by a virtual CPA is invaluable to a business owner. A virtual CPA understands the inner workings of finance and all of its components. He understands how to interpret figures, how to crunch numbers, and he is able to give the advice needed to keep a business running smoothly.
A virtual CPA offers services similar to that offered by a traditional accountant. The services are valuable to the business owners who seek them. Many business owners do not want to deal with the paperwork involved with a traditional accountant. By hiring a virtual CPA, business owners do not have to. Instead, all of the work is handed off to the virtual CPA and the business owner has only to deal with the results.
Virtual CPAs also provide a service that is often overlooked by most business owners: the ability to set their own working environment. Virtual CPAs work from comfortable office settings. They usually will be located in an office building or some other location that allows them to have their own workspace. Working from a home office, business owners can save money on commuting costs. They can also eliminate the need to provide their own desk space.
One of the main reasons that many CPAs choose to work from home is the reduction of overhead cost. This is why virtual cpa’s are so popular. A traditional in-house accountant does not come into contact with clients and works only with them. Furthermore, CPAs are not required to purchase all of their own tools or supplies. All of these savings are passed onto the client.