The lives of each individual have been altered in some manner at the hands of the Covid Pandemic throughout its lifecycle. Many practices and habits thought to be set in stone have undergone massive change in recent years. The workplace and the behavior of employees and employers alike were no different.
Following the original outbreak and subsequent lockdowns businesses were faced with the challenge of continuous operation while also keeping their employees and customers safe. Regardless of the roadblocks along the way, many businesses have found a healthy balance of virtual and in person work. Some companies have no intention of removing virtual employment and have found many benefits for not only the company, but their employees as well.
As policy makers and business owners begin the push back to in person work, virtual services and employment continually distances itself as a cost-effective employment strategy, especially for online accounting and bookkeeping services.
Shift in the Workplace
As businesses scrambled to navigate virtual workplace practices, they also began to look for cost effective outsourcing options for a variety of purposes. One of the most common practices businesses discovered to be cost effective and efficient was the use of online bookkeeping services.
Now businesses are finding themselves on the opposite end of the spectrum exploring and navigating through the implementation of normal workplace environments. The Harvard Business Review (HBR) recently outlined in a 2021 article how businesses should look to resist outdated habits that have changed throughout the pandemic. HBR found that businesses should identify new practices that should be retained, reduce the influence of old practices, discuss and resolve issues and stigmas associated with a shifted workplace, and make new practices the new norm
Amongst the countless changes businesses explored, virtual bookkeeping is emerging as a practice businesses should look to retain, even with the pandemic in decline.
Success of Virtual Bookkeeping
Business owners had plenty of decisions to make regarding their business during the pandemic. Business owners had to deal with the change in social norms accompanied in most cases by a decrease in revenues.
This is where virtual bookkeeping has been established as a go to source of daily bookkeeping and financial reporting. Business owners found that being able to delegate financial tasks such as daily cash flows, payroll management, and financial analysis and reporting allowed them more time to focus on running their business.
The New Norm
Businesses around the world are discovering the benefits of virtual bookkeeping. Not only are business owners able to delegate tedious financial filing and management, but their expert bookkeepers use modern software to enhance the customer-client relationship.
Utilizing evolving bookkeeping software virtual bookkeepers are able to hold a constant stream of information and data between a business and themselves. Virtual bookkeeping also allows for your bookkeeper to work flexibly and be available more often than traditional bookkeepers.
Rather than relying on in-house software and databases, virtual bookkeepers are able to keep up to date data with cloud-based technology.
Although many businesses originally looked to virtual bookkeeping as a short-term response to pandemic norms, they quickly realized the benefits a virtual bookkeeper can provide their business.
Especially for small or new and growing businesses, virtual bookkeeping can be a cost-effective solution to the countless tasks faced by business owners each day.
Where can I start?
Finding the right bookkeeper for your business can be a challenge. The internet houses many experts in the field that can be tailored specifically to your business. Unfortunately, for every expert bookkeeper, there is a below average bookkeeper looking to do the work for less money.
Bookeeps provides expert online accounting, customized bookkeeping, optimized financial and ledger statements, detailed tracking, management, and consolidation and a willingness to see your business dreams come to fruition. With so many options available on the internet, Bookeeps is an online bookkeeping service that truly cares about the success of your business.
Bookeeps believes that offering their service to you means becoming an essential part of your growing business. To schedule a free 30 minute consultation meeting to further explore how our experts can grow your business and explore our official page follow the embedded links. You can reach us at our Instagram, @bookeeps_, and explore more about who we are as online bookkeepers and accountants.