Virtual Accounting Services

Virtual accounting services are the future of the accounting industry. They allow for greater flexibility, efficiency, and effectiveness for overall financial planning for businesses and individuals across Canada.

Accountor CPA is one of Canada’s leading virtual accounting firms, offering our services to businesses across the country. The goal of all our accountants is to give companies better control over their finances and growth through sound financial reporting, administration, financial analysis, financial planning, and tax preparation. These accounting services are even more valuable when they are done virtually.

More and more companies and enterprises are turning to virtual accounting firms to fully manage their accounting.

Are virtual accounting services right for your business? Get a free consultation from the team at Accountor CPA and find out how we can help your company.

How Do Virtual Accountants Work?

Virtual accountants in Canada have the same designations as traditional accountants - Chartered Professional Accountants, or CPAs. Instead of operating from an office space, virtual accountants operate as you would expect - fully remotely.

Virtual accounting firms use a virtual accounting system to allow businesses to have their accounting, bookkeeping, tax planning, and more completed by a qualified professional remotely.

These services are access through a secure online network or online accounting software. Virtual business accounting software is stored on “the cloud”, a series of secure online servers where you can access your data anytime, from anywhere, on any device. This allows you to keep your business books fully online, integrate them with your bank accounts safely, minimize data entry, and simplify cash flow procedures. You can also integrate these virtual accounting platforms with other software, like payroll management, benefits providers, timesheets, and tax filing programs.

Clients use the accounting software that best suits their needs and it is administered remotely by their accountant. The accountant then uses the software to provide accounting services fully virtually to the client. This leads to greater flexibility, better support, and minimized costs when compared to a traditional brick and mortar accountant.

Who Can Work With A Virtual Accounting Firm in Canada?

Any small business, self-employed individual, SME, or large corporation can benefit from working with a virtual accounting firm. Because virtual accounting firm fees are usually less than those of traditional accounting, it can even be a great solution for individuals looking to take better control of complicated finances.

Do you find yourself missing invoices and payment deadlines? Are payroll dates sneaking up on you quicker and quicker each month? Is tax season synonymous with late nights and undue stress? Are you finding yourself hesitating before making major financial decisions for your business?

If you answered yes to any of these questions, you virtual accounting services can help.

Virtual accounting services provide benefits across industries in Canada, including:

• Retail
• Manufacturing
• Industrial and Factory
• Legal
• Real Estate
• Healthcare and Medical
• Research
• Academics and Education
• Insurance
• Travel and Leisure
• Truck Owner/Operators
• IT and Computer Sciences
• Import/Export
• Restaurants and Bars
• Contractors
• Self-employed

Let’s start with a free virtual consultation for your business.

Our Virtual Accounting Services

At Accountor CPA, we know that no two businesses or individuals will have the same needs when it comes to accounting. That is why we offer a number of virtual accounting services to our clients across Canada. Whether you are a small business, an SME, a large corporation, or an individual, our customizable virtual accounting services can be scaled up or down, depending on your needs. We are dedicated to providing you with the perfect virtual accounting solutions.

Some of the virtual accounting services our specialists offer are:

• Virtual software recommendations, set up, and support
• Software integration management
• Document management
• Bookkeeping and financial reporting
• Accounts payable and accounts receivable management
• Preparing computer-generated statements of accounts
• Preparing and filing all relevant income tax documents
• GST/HST preparation and filing
• Incorporation services
• Payroll services
• Financial advising
• Managing and forecasting cash flow
• Employee and HR management
• Tax planning and tax strategizing
• Amalgamations and expansions advising
• Full tax compliance
• Liaise with Canada Revenue Agency
• Prepare for and manage audits
• Regular financial reporting

Just how much can your business gain by upgrading to virtual accounting services? Let our CPAs show you.

Virtual Business Accounting vs Traditional Accounting

What are the differences between a virtual accounting company and a traditional accounting firm? It comes down to more than just one being online and the other being in a brick and mortar location.

Is a Virtual CPA Firm Right for You?

How do you know if a virtual CPA firm is the right choice for your small business or SME over traditional accounting?

If you find yourself searching for a simplified accounting solution, a remote firm is the solution for you. You get all the benefits of outsourcing your accounting off your plate, without sacrificing access to support or losing transparency in your finances.

Some aspects of virtual business accounting that stand out are:

• Total automation

  You can automate paying bills, running payroll, generating reports, and issuing invoices - all overseen by you and your accountant.

• Access your data easily from anywhere

  Virtual accounting software does not require a program download to sit on one computer at all times. Access your software from any device in any location on your schedule.

• Improved accuracy

  In virtual accounting software, all algorithms and calculations are already there. All figures get inputted into the same system to eliminate the risk of repetition or making an error in calculations.

• Simplify collaboration

  Whether with your team or with your virtual accountant, you can collaborate much more easily when your data is on the cloud. You can also manage employee access, to give certain staff members information they may need, like sales or marketing, without needing to contact your accountant first.

• Redundancy and disaster recovery

  The days of losing your accounting data if your computer crashes are over. With virtual accounting software, your data is safe on the cloud. If your computer crashes, you can access your data safely from another device and not lose your information. No more panic when the screen suddenly goes blank!

• Meet deadlines

  Set up a custom dashboard and notifications on your remote software to alert you when invoices are due, documents are needed, or it’s time to run payroll. No need for a last minute scramble.

If you struggle with any of these aspects when it comes to accounting, it is time to make the switch to a virtual firm. Accounting does not have to come with stress when you work with a virtual accounting company that provides you with all the services you need.

Virtual Accounting and Bookkeeping Services

Virtual services do not just stop at accounting. Bookkeeping can be done fully remotely as well, further simplifying your financial operations.

Virtual accounting and bookkeeping services go hand in hand to allow flexibility and ease in controlling your business expenses and income. Your invoices and accounts payable can be fully handled remotely. Tracking receipts can be done by taking a photo with your phone and uploading them to secure software - no more shoe box full of printed receipts at the end of the fiscal year.

If you are looking to upgrade to virtual accounting, ask us about our remote bookkeeping services as well so we can create a flexible, scalable plan suited to your business.

Accountor CPA Offers the Best in Virtual Accounting Services

Are you still working with a traditional accountant? It’s time to simplify your books and finances.

At Accountor CPA, we are proud to be one of the best virtual accounting firms for Canadian small businesses, SMEs, corporations, and individuals. Our wide range of services ensures we meet all our clients’ needs and help them grow year on year. Even though we are a virtual company, we operate as a member of your team and are dedicated to your success.

Let’s start with a free consultation to learn how our virtual accounting services can help your business. Contact us today.