Workpuls Teramind ActivTrak Hubstaff DeskTime Time Doctor RescueTime Kickidler Veriato Work Examiner
OVERVIEW
Price $6/user/month $6/user/month $7.20/user/month $7/user/month $7/user/month $9.99/user/month $6/user/month $9.99/user/month $150/licence/year $60/licence (lifetime)
Free trial 7 days 7 days No 14 days 14 days 14 days 30 days 7 days Yes 30 days
Ease of use Very easy Difficult Very easy Easy Easy Very easy Very easy Very easy Very difficult Easy
TRACKING METHODS
Unlimited (tracker working 24/7)
Fixed (defined working hours)
Automatic (when computer is connected to a specified network)
Manual (start/stop)
Project based (track time only on projects)
GENERAL MONITORING FEATURES
Stealth mode
App and website usage
Real-time monitoring
Offline time tracking
Attendance
Activity levels
Keylogger
Geolocation
Remote desktop control
Website/activity blocking
SCREENSHOTS AND RECORDING
Screenshots
Screenshots on demand
Screen recording
PRODUCTIVITY FEATURES
Productivity trends
Websites and apps labeling
Category labeling
Productivity alerts
ADVANCED SECURITY FEATURES
User behavior analytics
Data loss prevention
Advanced file and web monitoring
REPORTING
Productivity reports
Team reports
Timelines
Email reports
Access management
PLATFORMS
Web
Mac desktop app
Windows desktop app
Linux desktop app
Mobile app iOS, Android iOS, Android iOS, Android iOS, Android iOS, Android Android
Browser extension Chrome Chrome Chrome
Other Citrix, VMware Chrome OS
OTHER
Support Phone, email, online Phone, email, online Phone, email, online Email, online Phone, email, online, in-person Online Phone, email, online Email, online, Viber, Whatsapp Phone, email, online, support ticket Phone, email, online
Knowledge base
Video tutorials
Integrations comming soon
API
Deployment cloud, on-premise cloud, on-premise, AWS, Azure cloud cloud cloud cloud cloud on-premise cloud, on-premise on-premise
Kronos Humanity Timeclockplus Tsheets Wheniwork Deputy Replicon Jibble EbilityTimeTracker OnTheClock BeeBole
OVERVIEW
Price(per month)Available upon requestFrom $2 per userAvailable upon requestFrom $6.40 per user+$16Free for up to 75 usersFrom $2.50 per userBasic plan:$30 for 5 users+$5 per additional userFrom $1.50 per employeeFrom $4 per user+$8From $2.20 per user$5.99 per user per month
Free trial30 days14 daysYes14 days14 days14 days30 days30 days,no credit card required
Ease of useDifficultEasyDifficultVery easyEasyEasyDifficultVery easyEasyEasyEasy
FEATURES
Timecard management
Scheduling
Shift Trading
Timesheets
Break time management
Real-time tracking
PTO Management
Payroll
Invoicing
Client billing
GPS tracking
Clock out reminders
Alerts
Manual time
PUNCH-IN METHODS
Web app
Mobile app
Time clock device
Time clock kiosk
Facial recognition
Fingerprint scanning
Geofencing
Group punch-in
REPORTING
Visual reports
Email reports
Time rounding
MANAGEMENT
Permissions
Manager approvals
Add time for others
Integrations
PLATFORMS
Web
Android app
iOS app
Mac desktop app
Windows desktop app
Linux desktop app
OTHER
SupportPhone and onlinePhone and onlinePhone,chat and onlinePhone and chatEmail and onlineChat and phonePhone,email,chat and onlinePhone and onlinePhone,email,chat and onlinePhone and onlineOnline chat and video support in English,French,and Spanish
Knowledge base
Video tutorials
Community forum
API

In the fast-paced world of small business, financial management is both crucial and challenging. Effective bookkeeping isn’t just about tracking every penny; it's about understanding your business's financial health and making informed decisions. Without proper bookkeeping, opportunities for growth may slip through your fingers.

Enter virtual assistant bookkeeping—a cost-effective, efficient solution for small businesses. By leveraging technology, virtual bookkeeping assistants can manage your day-to-day financial tasks without needing to be in your office. It's like having a financial expert at your fingertips.

This blog post will take you on a journey through the world of virtual bookkeeping, exploring who these virtual assistants are, the benefits they offer, the services they provide, and how to hire and manage them efficiently. We'll also highlight how Insightful's software to track remote workers can integrate seamlessly into this process.

Who Are Virtual Bookkeeping Assistants?

Virtual bookkeeping assistants (VBAs) are highly skilled professionals who manage a company's financial records remotely. Armed with experience and technology, they are more than mere number crunchers. They are financial partners dedicated to keeping your books organized and up-to-date.

VBAs handle everything from recording daily transactions to generating financial reports. By working remotely, they provide flexibility without compromising accuracy or reliability. 

5 Key Benefits of Virtual Bookkeeping Services: More Than Savings

1. Improved Finances Through Expert Management and Guidance

Virtual Bookkeeping Assistants (VBAs) go beyond mere number crunching; they are financial interpreters. They can offer insights that help you identify trends and opportunities, provide assistance in budget planning, and guide your business towards financial growth and stability. By analyzing your financial data, they can alert you to potential risks and help you formulate strategies to steer your business in the right direction.

2. Cost Savings Compared to Hiring a Full-Time In-House Bookkeeper

Employing a full-time in-house bookkeeper may not be cost-effective, particularly for small to medium-sized businesses. Such an appointment requires office space, benefits, training, and other overheads that can quickly add up. On the other hand, VBAs provide similar services at a fraction of the cost. By hiring a VBA, you save on many of these expenses, allowing you to allocate funds to other critical areas of your business.

3. Time Savings for Business Owners to Focus on Core Tasks and Growth

In the fast-paced world of business, time is indeed money. Managing finances can be time-consuming, and for many business owners, it's a task that takes them away from what they do best: growing their business. By entrusting this critical yet demanding task to a VBA, you can free up your schedule to focus on product development, marketing, customer relations, and other core business tasks. This efficiency in time management translates into tangible growth opportunities.

4. Financial Transparency and Organized Data for Better Decision-Making

VBAs are more than mere accountants; they are your financial allies. They ensure that your financial data is transparent, organized, and available when you need it. They can synchronize with software that provides real-time access to essential financial information, allowing you to make informed, timely decisions. This level of accessibility and transparency is not just a luxury; it's a necessity in today's rapidly changing business environment.

5. Increased Productivity with Skilled and Experienced Virtual Assistants

Hiring a VBA is not about cutting corners; it's about enhancing your financial operations. VBAs are specialized and experienced in their field, offering a level of expertise that ensures accuracy, efficiency, and productivity. They stay updated with the latest industry standards, tools, and regulations, providing you with a service that's not just competent but cutting-edge. By integrating their skills with your business, you can expect not only to save money but to see a tangible improvement in your financial management.

What Can Virtual Assistant Bookkeepers Do?

Documentation of Financial Records, Including Balance Sheets and Ledgers

VBAs meticulously handle all your financial documents, from recording daily transactions to preparing intricate balance sheets and ledgers. They don't just log numbers, but they ensure that every financial movement is accurately accounted for, categorized, and analyzed. This methodical approach brings precision to your financial reporting, allowing for a clear understanding of your company's financial standing and facilitating informed decision-making.

Bill Payment Management to Ensure Timely Payments and Avoid Penalties

Managing bills goes beyond just timely payments; it's about strategic optimization of cash flow. VBAs not only track and manage bill payments but also schedule them in a way that maintains a healthy cash flow. By ensuring that payments are made before deadlines, they help you avoid unnecessary late fees and penalties, without affecting the liquidity necessary for day-to-day operations.

Invoice Management, Including Reminders and Follow-Ups for Timely Payments

Late payments can put a financial strain on a business, especially a small one. VBAs act as your invoicing watchdog, diligently sending reminders and following up on outstanding invoices. They interact professionally with clients to ensure that you get paid on time. This proactive approach improves your cash flow and prevents revenue delays that can hinder growth and investment opportunities.

Tax Management, Including Organizing and Preparing Tax-Related Documents

The tax landscape can be a complex maze, full of legal intricacies and obligations. VBAs possess the expertise to navigate this landscape efficiently. They keep track of tax-related documents, organize them systematically, and ensure that everything is in place when tax season arrives. Their guidance can be invaluable in meeting legal requirements and taking advantage of available deductions and credits.

Your business is unique, and the services you require from a VBA will reflect that uniqueness. By assessing your specific needs, understanding the nature of your transactions, and determining your financial management goals, you can find the perfect VBA match for your business. 

Whether you need in-depth financial analysis, timely bill payments, vigilant invoice management, or all of the above, a clear understanding of your business's needs will guide you in selecting a VBA who's just right for you.

How to Hire Virtual Assistant Bookkeeping Services

When hiring a Virtual Bookkeeping Assistant (VBA), start by researching and shortlisting candidates through online platforms, reviews, and recommendations. Once you've identified potential fits, conduct interviews to gauge their alignment with your business culture and needs. Take the time to request and review references or past client testimonials for further insights into their reliability and past performance.

Agreeing on clear terms, including pricing, working hours, and confidentiality, ensures a smooth partnership from the beginning. Finally, establish clear communication channels and expectations to foster collaboration and alignment. Together, these steps provide a clear pathway to finding the right VBA, minimizing misunderstandings, and laying the foundation for a productive working relationship.

How to Manage a Virtual Assistant 

Managing a Virtual Assistant in bookkeeping isn't just about delegating tasks; it's about fostering a partnership that aligns with your business goals. Communication is the cornerstone of this relationship. Through effective tools and methods, you can create a seamless connection that transcends geographical boundaries.

The expectations should be laid out from the start, but they aren't set in stone. Regular dialogues can ensure that both parties understand what is required and that any changes are communicated clearly. Secure access to financial systems and documents needs to be provided, but it doesn't stop there; ongoing monitoring of the Virtual Assistant's work ensures alignment with the intended direction and provides opportunities for continuous improvement.

A positive working relationship is the final piece of the puzzle. Open and honest communication fosters trust, and addressing any issues promptly can keep small problems from becoming big ones.

Monitoring Remote Workers’ Performance with Insightful

In the collaboration between business owners and VBAs, productivity monitoring becomes vital to ensure alignment with company goals. Insightful's remote work time tracking and productivity software is designed to serve this exact purpose. 

Equipped with real-time tracking and analytics, Insightful’s staff tracker offers an insightful view into the VA’s performance, allowing you to see the efficiency and effectiveness of tasks as they are being performed. Whether it's a breakdown of time spent on specific financial tasks or the progress on ongoing projects, Insightful's remote work monitoring features provide a transparent, detailed view. 

This data-driven approach enables business owners to identify areas of strength and opportunities for improvement, ensuring that virtual assistance is not just a support function but a catalyst for growth and excellence in financial management.

We’ve reserved a 7-day free trial for you….

Want your hybrid or remote team to be more productive?

Claim your free 7-Day full feature trial of Insightful today. Insightful’s actionable work insights make your team more productive, efficient and accountable.

Ready to Take Full Control Of Your Workplace?

Try the simplest solution today…

Start Free Trial
Business Management

Hiring a Bookkeeping Virtual Assistant: What You Need to Know

Written by
Kendra Gaffin
Published on
August 2, 2023

In the fast-paced world of small business, financial management is both crucial and challenging. Effective bookkeeping isn’t just about tracking every penny; it's about understanding your business's financial health and making informed decisions. Without proper bookkeeping, opportunities for growth may slip through your fingers.

Enter virtual assistant bookkeeping—a cost-effective, efficient solution for small businesses. By leveraging technology, virtual bookkeeping assistants can manage your day-to-day financial tasks without needing to be in your office. It's like having a financial expert at your fingertips.

This blog post will take you on a journey through the world of virtual bookkeeping, exploring who these virtual assistants are, the benefits they offer, the services they provide, and how to hire and manage them efficiently. We'll also highlight how Insightful's software to track remote workers can integrate seamlessly into this process.

Who Are Virtual Bookkeeping Assistants?

Virtual bookkeeping assistants (VBAs) are highly skilled professionals who manage a company's financial records remotely. Armed with experience and technology, they are more than mere number crunchers. They are financial partners dedicated to keeping your books organized and up-to-date.

VBAs handle everything from recording daily transactions to generating financial reports. By working remotely, they provide flexibility without compromising accuracy or reliability. 

5 Key Benefits of Virtual Bookkeeping Services: More Than Savings

1. Improved Finances Through Expert Management and Guidance

Virtual Bookkeeping Assistants (VBAs) go beyond mere number crunching; they are financial interpreters. They can offer insights that help you identify trends and opportunities, provide assistance in budget planning, and guide your business towards financial growth and stability. By analyzing your financial data, they can alert you to potential risks and help you formulate strategies to steer your business in the right direction.

2. Cost Savings Compared to Hiring a Full-Time In-House Bookkeeper

Employing a full-time in-house bookkeeper may not be cost-effective, particularly for small to medium-sized businesses. Such an appointment requires office space, benefits, training, and other overheads that can quickly add up. On the other hand, VBAs provide similar services at a fraction of the cost. By hiring a VBA, you save on many of these expenses, allowing you to allocate funds to other critical areas of your business.

3. Time Savings for Business Owners to Focus on Core Tasks and Growth

In the fast-paced world of business, time is indeed money. Managing finances can be time-consuming, and for many business owners, it's a task that takes them away from what they do best: growing their business. By entrusting this critical yet demanding task to a VBA, you can free up your schedule to focus on product development, marketing, customer relations, and other core business tasks. This efficiency in time management translates into tangible growth opportunities.

4. Financial Transparency and Organized Data for Better Decision-Making

VBAs are more than mere accountants; they are your financial allies. They ensure that your financial data is transparent, organized, and available when you need it. They can synchronize with software that provides real-time access to essential financial information, allowing you to make informed, timely decisions. This level of accessibility and transparency is not just a luxury; it's a necessity in today's rapidly changing business environment.

5. Increased Productivity with Skilled and Experienced Virtual Assistants

Hiring a VBA is not about cutting corners; it's about enhancing your financial operations. VBAs are specialized and experienced in their field, offering a level of expertise that ensures accuracy, efficiency, and productivity. They stay updated with the latest industry standards, tools, and regulations, providing you with a service that's not just competent but cutting-edge. By integrating their skills with your business, you can expect not only to save money but to see a tangible improvement in your financial management.

What Can Virtual Assistant Bookkeepers Do?

Documentation of Financial Records, Including Balance Sheets and Ledgers

VBAs meticulously handle all your financial documents, from recording daily transactions to preparing intricate balance sheets and ledgers. They don't just log numbers, but they ensure that every financial movement is accurately accounted for, categorized, and analyzed. This methodical approach brings precision to your financial reporting, allowing for a clear understanding of your company's financial standing and facilitating informed decision-making.

Bill Payment Management to Ensure Timely Payments and Avoid Penalties

Managing bills goes beyond just timely payments; it's about strategic optimization of cash flow. VBAs not only track and manage bill payments but also schedule them in a way that maintains a healthy cash flow. By ensuring that payments are made before deadlines, they help you avoid unnecessary late fees and penalties, without affecting the liquidity necessary for day-to-day operations.

Invoice Management, Including Reminders and Follow-Ups for Timely Payments

Late payments can put a financial strain on a business, especially a small one. VBAs act as your invoicing watchdog, diligently sending reminders and following up on outstanding invoices. They interact professionally with clients to ensure that you get paid on time. This proactive approach improves your cash flow and prevents revenue delays that can hinder growth and investment opportunities.

Tax Management, Including Organizing and Preparing Tax-Related Documents

The tax landscape can be a complex maze, full of legal intricacies and obligations. VBAs possess the expertise to navigate this landscape efficiently. They keep track of tax-related documents, organize them systematically, and ensure that everything is in place when tax season arrives. Their guidance can be invaluable in meeting legal requirements and taking advantage of available deductions and credits.

Your business is unique, and the services you require from a VBA will reflect that uniqueness. By assessing your specific needs, understanding the nature of your transactions, and determining your financial management goals, you can find the perfect VBA match for your business. 

Whether you need in-depth financial analysis, timely bill payments, vigilant invoice management, or all of the above, a clear understanding of your business's needs will guide you in selecting a VBA who's just right for you.

How to Hire Virtual Assistant Bookkeeping Services

When hiring a Virtual Bookkeeping Assistant (VBA), start by researching and shortlisting candidates through online platforms, reviews, and recommendations. Once you've identified potential fits, conduct interviews to gauge their alignment with your business culture and needs. Take the time to request and review references or past client testimonials for further insights into their reliability and past performance.

Agreeing on clear terms, including pricing, working hours, and confidentiality, ensures a smooth partnership from the beginning. Finally, establish clear communication channels and expectations to foster collaboration and alignment. Together, these steps provide a clear pathway to finding the right VBA, minimizing misunderstandings, and laying the foundation for a productive working relationship.

How to Manage a Virtual Assistant 

Managing a Virtual Assistant in bookkeeping isn't just about delegating tasks; it's about fostering a partnership that aligns with your business goals. Communication is the cornerstone of this relationship. Through effective tools and methods, you can create a seamless connection that transcends geographical boundaries.

The expectations should be laid out from the start, but they aren't set in stone. Regular dialogues can ensure that both parties understand what is required and that any changes are communicated clearly. Secure access to financial systems and documents needs to be provided, but it doesn't stop there; ongoing monitoring of the Virtual Assistant's work ensures alignment with the intended direction and provides opportunities for continuous improvement.

A positive working relationship is the final piece of the puzzle. Open and honest communication fosters trust, and addressing any issues promptly can keep small problems from becoming big ones.

Monitoring Remote Workers’ Performance with Insightful

In the collaboration between business owners and VBAs, productivity monitoring becomes vital to ensure alignment with company goals. Insightful's remote work time tracking and productivity software is designed to serve this exact purpose. 

Equipped with real-time tracking and analytics, Insightful’s staff tracker offers an insightful view into the VA’s performance, allowing you to see the efficiency and effectiveness of tasks as they are being performed. Whether it's a breakdown of time spent on specific financial tasks or the progress on ongoing projects, Insightful's remote work monitoring features provide a transparent, detailed view. 

This data-driven approach enables business owners to identify areas of strength and opportunities for improvement, ensuring that virtual assistance is not just a support function but a catalyst for growth and excellence in financial management.