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Approximately half of the accounting issues arise from inconsistencies in financial records. Hire an accounting & bookkeeping virtual assistant now!
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Your Partner to Accounting & Bookkeeping Excellence
As your business grows rapidly, managing accounting and bookkeeping in-house can be challenging, potentially impacting your competitive edge due to operational costs and market fluctuations. To maintain core excellence, consider outsourcing financial tasks to Task Venturers, a top-tier virtual assistance service.
Our in-house Virtual Assistants can optimize financial processes, reduce overhead, and elevate your business performance by ensuring accounting excellence and business growth.
Table of Contents
Virtual assistants have existed for as long as technology has facilitated remote work, but the trend has increased rapidly in recent years; in fact, Business Wire estimates that virtual assistants’ market size will reach $25.6 billion by 2025. They are especially beneficial when many teams are spread out and employees are working from home due to the coronavirus pandemic.
This is because virtual assistants can work from anywhere and can often perform a variety of tasks on a flexible contract. With low overhead and limited commitment, virtual assistants are a cost-effective staffing solution for companies of all sizes.
But what exactly is a virtual assistant, and how can you employ one to streamline operations at your company?
What is a Virtual Assistant ?
A virtual assistant is a remote employee who offers administrative support for you and your business, usually part-time. They can do tasks that an executive assistant would typically handle, such as scheduling appointments, making phone calls, arranging travel, or organizing emails. They usually work as an independent contractor, although some are hired as full-time remote workers. Virtual assistants are employed by companies of all sizes and across many industries.
What does a Virtual Assistant do ?
There are no set tasks that virtual assistants perform, and assignments vary depending on the employer. Here are some of the most common jobs given to virtual assistants:
Administrative Work
Virtual assistants are most commonly hired for admin work. This includes scheduling meetings, booking travel, organizing calendars, and even answering phones via a connecting line.
Bookkeeping
Keeping track of finances is an essential part of running a profitable business, and virtual assistants can help manage a budget, make purchases, and track expenses.
Personal Assistant
Virtual assistants can help organize tasks outside of work, in addition to their standard duties. Booking vacations, organizing a calendar, and purchasing gifts for friends and family are some of the more common personal duties.
Customer Service
For companies offering a product or service, virtual assistants can be the first point of contact for customers looking for assistance with troubleshooting or an outlet for feedback. Virtual assistants can address basic, habitual concerns or give tutorials. If they are unable to help a customer, they can escalate it to the appropriate person within the company.
Data Entry
Not all tasks fall under the umbrella of admin work; there is a wide variety of responsibilities that virtual assistants can take on, including data entry. In this role, a virtual assistant can easily compile data, check for accuracy, and delete unnecessary records. This is especially beneficial for patient recording, billing, postal work, and school administration.
Social Media Production
While many companies understand the importance of online engagement with potential customers or clients, the demands of social media management can sometimes seem endless. Virtual assistants are helpful for responding to comments and communicating with followers, but they can also maintain a posting schedule and even analyze account data.
Content Management
If you use editorial content to drive traffic to your site, increase brand awareness, and engage potential customers, then you likely know the immense amount of work that goes into operations. A virtual assistant can help manage a production calendar, organize writing resources, and facilitate various elements of the publishing process, making it easier for you to focus on growing the content program.
Research
Every business must rely on research to inform its operations, whether it’s analysis of the market, customers, or performance. Research, too, can be a commodity to sell to clients. But research can be a time-consuming endeavor, even with dedicated resources, so some companies use virtual assistants to assist with compiling this information. Because these tasks are typically more manual, they’re best suited to virtual assistants specialized in data analysis.
How a Virtual Assistant Works ?
Virtual assistants have become more prominent as small businesses and startups rely on virtual offices to keep costs down and businesses of all sizes increase their use of the internet for daily operations. Because a virtual assistant is a remote worker, a business does not have to provide the same benefits or pay the same taxes that it would for a full-time employee. A virtual assistant is different from a salaried administrative assistant who works from home and would have the same compensation and same tax structure as any other full-time employee.
Also, since the virtual assistant works offsite, there is no need for a desk or other workspace at the company’s office. A virtual assistant will have their own computer equipment, commonly used software programs, and high-speed internet service.
Responsibilities of a Virtual Assistant
The specific duties of a virtual assistant vary according to the needs of the client and the terms of the contract. Some virtual assistants handle clerical and bookkeeping tasks, while others may post regular updates to social media or write articles for a blog and can also handle travel arrangements, appointment scheduling, data entry, and online file storage. A technical Virtual Assistant can also aid in creating websites, developing applications as per requirement.
How to hire a Virtual Assistant
Hiring a remote assistant might seem simple since it’s a less formal role, but the hiring process can require just as much preparation from the employer. The basic steps include:
Establish expectations
Before engaging with a Virtual Assistant, it’s important to record your expectations. Make a detailed list of the tasks requiring attention, and ensure to clearly communicate priorities and deadlines.
Decide on a Manager
When a part-time resource doesn’t fall into your official org chart, it can be easy for management responsibility to be vague and shifted across a team. Avoid this trap by establishing from the get-go who is responsible for communicating tasks and tracking projects.
Create a Budget
If you’re looking for a flexible arrangement with an assistant that can scale up and down as needed, make sure you have a firm understanding of budget beforehand so that costs don’t accidentally get out of hand.
Post the job
Create a job description with a list of responsibilities and post it to an appropriate site such as LinkedIn, Facebook Groups, Upwork, Fiverr and many more.
Or, Hire a Virtual Assistant Agency!
However, the whole point of hiring a Virtual Assistant is saving more time, reducing costs and increasing productivity. But, the hiring process just defies all the benefits. Hence, the alternative is to hire a Virtual Assistant Agency such as Task Venturers and get access to pre-vetted Virtual Assistants that are ready to work as and when required.
Hiring a Virtual Assistant Agency is wiser as agencies have their own Project Managers and Customer Success Experts who are responsible to track project deadlines, measure KPI, ensure confidentiality and much more.
Virtual assistants can let you focus on what matters most — your business
Time is an important resource when running a business, and sometimes those menial, everyday tasks can become a barrier to focusing on new opportunities and areas for growth. Having a virtual assistant handle your administrative work will ease your workload significantly, providing more time for you and your team to focus on high-impact projects.
Meet the Problem Solvers
Time is an important resource when running a business, and sometimes those menial, everyday tasks can become a barrier to focusing on new opportunities and areas for growth. Having a virtual assistant handle your administrative work will ease your workload significantly, providing more time for you and your team to focus on high-impact projects.
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Hostinger proved itself a reliable web hosting service. In fact, our test site didn't go down once during the 14-day observation period.
Hostinger proved itself a reliable web hosting service. In fact, our test site didn't go down once during the 14-day observation period.
Meet the Problem Solvers
Time is an important resource when running a business, and sometimes those menial, everyday tasks can become a barrier to focusing on new opportunities and areas for growth. Having a virtual assistant handle your administrative work will ease your workload significantly, providing more time for you and your team to focus on high-impact projects.