About Virtual Bookkeeping
What is bookkeeping?
Bookkeeping and accounting aren't the same thing. Bookkeeping is the process of recording financial transactions in a systematic way, while accounting is more analytical and involves making sense of the data recorded. A bookkeeper and accountant work together to minimize your tax liability and present up to date accurate financial data. Both bookkeeping and accounting require strong ethical values to maintain accuracy and transparency in financial records. Redtail specializes in the bookkeeping side of business. In addition, we partner with Certified Public Accountants (CPA's) and Business Analysists for accounting specific projects. We make sure you have the right person who can help your specific needs.
What is virtual bookkeeping?
Like traditional on-site bookkeepers, virtual bookkeepers manage day-to-day financial tasks like recording transactions, reconciling bank and credit card accounts, and processing payroll. The key difference is that a traditional bookkeeper needs to be present in your workplace to carry out these tasks. In contrast, a virtual bookkeeper handles everything remotely using cloud-based software. Virtual bookkeeping is also known as remote or online bookkeeping. Redtail's remote model offers better availability, faster response times, and real-time reporting.
Why hire a virtual bookkeeper?
Are you doing your own bookkeeping is taking up too much of your time and energy?
Your financial records are out of date, and you need help.
Last tax season was stressful, and you want to be better next year.
You want to track expenses better and keep receipts.
You’ve been paying your accountant to go back and sort out your bookkeeping at the end of the year, so they can file your taxes.
You aren’t sure how much profit you’re earning month to month or how much cash you have on hand.
"Book-keeping, while a science, deserves to rank among the fine arts. It challenges the admiration of lovers of the beautiful and true. It cultivates the judicial powers of the mind. It quickens and strengthens the love of justice and equity. It promotes fair dealing among men and women."
Ira Mayhew 1884