What is Virtual Bookkeeping?
At Mazuma, we recognize that smaller businesses don’t always have the same resources to keep track of their finances as larger companies do. That’s why we offer online bookkeeping services for small businesses, at prices that small and midsize businesses can afford. This includes remote bookkeeping, accounting advice whenever you need it and even tax preparation and filing.
Most online bookkeepers offering virtual bookkeeping services are just that—”virtual.” You still end up doing most of the work, inputting all of your information into a spreadsheet, double checking each number, and never quite knowing if you’ve done things properly. At Mazuma, we do the work for you. Our certified CPAs go through your receipts and invoices, paying personal attention to your company’s needs. We even keep an eye out for ways that your business could save money.
The Benefits of Virtual Bookkeeping
When you decide to go online to take care of your company’s financial needs, it can be a scary prospect. Even the phrase “virtual bookkeeping” can make some people nervous—after all, the word “virtual” in several instances means “not real.”
You can rest assured that Mazuma is not only real but highly qualified to take care of your company’s finances. More than just a virtual bookkeeper, Mazuma is a certified CPA firm that assigns qualified experts to take care of all of your financial needs. And beyond that, our online format provides additional benefits:
Communication is Easy—and Flexible
Usually, when you are working with local small business bookkeeping services, you end up limited by geographical area. Mazuma works with clients from all over the United States, providing experienced virtual bookkeeping and tax services even to businesses in remote locations. If you have any questions about your finances, you can give us a call and we’ll be happy to discuss your account and give expert advice. Even if we’re not available immediately, we’ll get back to you within 24 hours—and usually sooner!
It’s Cost Effective
The biggest selling point for virtual bookkeeping services is probably the low cost. When you work with Mazuma, you don’t have to worry about hiring someone in-house. That means you don’t have to worry about sick leave, about employee benefits, office space, or other similar concerns.
Mazuma also offers some of the most affordable prices when it comes to bookkeeping and accounting services. Most companies spend an average of between $300 and $600 each month to hire a dedicated bookkeeper. Mazuma offers the same quality of service at a fraction of the price—just $75 a month for sole proprietors and $125 a month for LLC corporations.
It’s Fast and Simple
Bookkeeping really doesn’t get much simpler than Mazuma’s process. All you need to do is collect all of your receipts, invoices, and bank statements each month. Put them all into an envelope, which we will provide with postage already paid, and stick it in the mail. Once you’ve done that, we’ll do all of the work. We’ll input all of the data, we’ll double check it for accuracy, and we’ll send you your key financial reports within five business days: Income Statement, Balance Sheet, and an Account Ledger with details about how your company is spending its money. You only need to spend a few minutes a month, leaving you with more time to take care of other responsibilities.
You Are Dealing with Experts
When working with Mazuma, you have an entire team of experts at your fingertips. Your team is dedicated to making sure your company’s finances are handled properly. Your Mazuma team will become familiar with how your company works and be able to offer advice about ways your company could be saving money. When tax season rolls around, the same team will prepare and file your taxes for you, meaning they will already know which deductions apply to your company in order to save you the most money. If you have any questions about your finances, you are also welcome to call us at any time for unlimited accounting advice.
It doesn’t get easier than this
It may seem like there’s got to be some sort of hidden complication, but it’s really that simple. Your finances are handled by real accountants, and you don’t have to deal with any new software.
1 minute video explains it all
Fill Our Iconic Purple Envelope – Or upload your files to our site!
Each month, just send us your paperwork! We’ll even provide you with the envelopes—postage pre-paid. Just put your receipts, invoices, and bank statements inside and drop them into your outgoing mail. That’s it! Your job is done, and we’ll take it from there!
We Take Care of Your Finances – Turnaround in 5 business days!
Mazuma offers more than just virtual tax services; your finances will be handled by a real accountant. Each month, your company’s assigned accountant will go through your finances and make sure everything aligns properly. Once we receive your receipts and statements, we will send you your Profit & Loss, your General Ledger, and your Balance Sheet in five business days. The same accounting team will work with your business’s finances, so they will be familiar with your specific situation and notice any discrepancies.
Annual Taxes Are Included – Preparation and E-Filing
Filing your company’s taxes is just as easy for you as basic bookkeeping. Put all of your year-end tax information into the Purple Mazuma Envelope, drop it in the mail, and we’ll take it from there.
Start your free trial of our certified online bookkeeping services—including taxes!
Compare that to your other options:
Costs an average of $45 each month, and you’re still the one doing all the work.
In an effort to save money, most small business owners will opt to take on the small business bookkeeping work themselves—a job that most of them admit they hate! But how much money does it really save?
When you factor in the cost of the software you need to do your own accounting, then add in the price you’ll be charged to hire an accountant to do your taxes at the end of the year, Mazuma actually ends up costing less in the end. More than that, you’ll have the peace of mind that comes with knowing your finances are in the hands of an expert. Even when you pay for virtual bookkeeping services with some companies, all you’re really paying for is access to an online program where you’re still the one entering the data and checking to make sure you haven’t made any mistakes.
Mazuma is a real accounting bookkeeping service. Your accountant is dedicated to saving you money and making sure your finances are healthy. And because the team handling your bookkeeping will also prepare and file your taxes, there is no one better qualified to find all the deductions your company is due. You don’t have to guess. You don’t have to wonder if you’ve missed anything important. Your finances are in the hands of qualified experts. For $75 a month (sole proprietor) or $125 a month (LLC. corporation), can save not only time but your peace of mind.
Costs an average of $300 – $600 each month
While hiring someone to take care of your company’s finances is an excellent way to relieve your workload, you don’t want to hand off responsibility to just anyone. Doing so can lead to fraud or opens up the possibility of human error.
Mazuma recognizes the need to save money without sacrificing quality. To that end, we take our services a step beyond virtual bookkeeping and assign you a team of experts to make sure you are taken care of for a reasonable price. Normally, hiring a professional accountant can cost hundreds of dollars a month. With Mazuma, you can get the same quality of service for just $75 a month if you’re a sole proprietor, or $125 a month if you operate an LLC corporation.
Costs an average of $1,000 – $3,000 each year
When it comes to filing taxes, you can’t afford to make a mistake. That’s why most small businesses are willing to spend an average of $1,000 to $3,000 to hire a professional accountant to file their taxes. While this is a valuable service, it doesn’t include monthly bookkeeping.
With Mazuma, your regular bookkeeping team becomes familiar with your specific circumstances. This means that when tax season rolls around, they know what to look for and how to find the best deductions for your business. For a flat fee of between $75 (for sole proprietors) and $125 (for LLC corporations) each month, Mazuma will not only take care of your monthly bookkeeping but also prepare and file your taxes each year for no additional cost. Plus, you can call your Mazuma accountant for additional advice whenever you need it.
Frequently Asked Questions
How much should I pay for bookkeeping services?
The most cost-effective way to handle your bookkeeping is often through virtual bookkeeping. This is because you can receive all of the financial benefits of hiring someone in-house, without the cost of their salary and related benefits. Hiring an in-house bookkeeper costs an average of $1,300-$1,600 a month, and hiring a one-time accountant to file your taxes can cost an average of $1,000-$3,000 a year, but virtual bookkeeping with Mazuma can cost as little as $75 a month.
What is a virtual bookkeeper?
A virtual bookkeeper is a certified bookkeeper who is able to take care of your bookkeeping, making sure that everything is in order, and that you get the best tax benefits available for your business. Your CPA is still available whenever you need them to discuss your account and give advice, the only difference is that they do not work in your office with you.
What is the difference between a bookkeeper and an accountant?
Bookkeeping is a branch of accounting that takes care of day-to-day finances and financial transactions, whereas accounting is a broader term. Mazuma takes care of both.
What is included in bookkeeping services?
Bookkeeping typically refers to keeping basic financial records, financial tracking and the other related finance details of a business.