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Virtual Accounts Receivable: Managing the Mayhem

When business is good, Accounts Receivable can be your favorite report to review.

What your customers pay you is in effect the lifeblood of your company and its future. At VAST, we can make that report look even more impressive. When you sign up for our virtual accounts receivable, we take care of all the work that goes into managing it and send you a simple, easy to read report. In fact, this report is not something you only get to see say on a Wednesday at 11 a.m. Instead, you will be able to get up-to-the-minute reporting anytime you have the itch.

VAST takes care of all the less-than-fun parts of your virtual accounts receivable for you. We can even take the initiative to bill your clients for you. When they don’t respond we will help track them down on your behalf. Once their payment is received, we make haste in updating your virtual accounts receivable report promptly. When you are on the go, making your business work, you need information about your money immediately. As the partner who is interested in facilitating your success and helping you reach unimaginable heights, we work to always keep you informed.

Once a payment is received, we will also do the legwork of getting it into your bank account. By making deposits for you, often within the same day, we are removing any delays that could hold you back from making those important business decisions. It is our commitment at VAST to never hold our clients back, but to always be propelling them forward. It is this attitude, combined with the unbelievable services we offer, like our virtual accounts receivable, ahem, that makes us the ideal partner for businesses of every size and shape.

Less Time at the Desk, More Time in Front of Potential Clients

Many business owners find themselves trapped behind a desk for the entirety of their work day, their work week, their work year. Some probably get out about as much as the office plant next to their desk. There always seems to be so much work to finish that it is practically impossible to get out of the office and in front of potential clients.

Your customers want to see your smiling face, but instead you're stuck in the back office staring at recent accounting figures--trying to make sense of the scattered reports. When you partner with VAST, we offer freedom. Our accounting service will take care of the numbers so you can get out there to meet with the clients that can take your business to the next level.

Stirring new business is the lifeblood of most companies. Once this becomes stagnant, so do the numbers. We want to see your numbers climbing to simply unbelievable heights. However, getting those big clients to meet with you often takes time and networking.  Outsourcing your accounting to an ambitious, accuracy driven virtual service can make a huge difference.

At VAST, we love sitting around crunching numbers; no really, we do. It’s kind of our thing. We’ve dedicated our careers to numbers, and somehow none of us have come out like Milton from Office Space. We put the swag in accounting. We have solutions that can make your accounting easier than you have ever imagined. Our accounting service offers the highest level of expertise with industry leading CFOs on staff. You will have instant access to all your information whenever you want it. Get out from behind that desk; our virtual accounting service will take care of numbers so that you can get in front people and drive your business forward.

Stuff We Love: Swizznet

Swizznet - Cloud Hosting

These days everything is moving to the cloud.  But some cloud providers are better than others. Enter Swizznet – a top winner in the Stuff We Love category!

 Swizznet can host your Quickbooks on the cloud.  And I’m not talking about the stripped down excuse for an accounting system known as Quickbooks Online.  I’m talking a fully functioning, robust 100% complete Quickbooks platform.  If you have multiple companies, you can host them all under your user name.  And this comes with unlimited storage, continuous backup and free tech support all for one low monthly fee per user.  Interested in migrating your files to Swizznet?  At VAST, we offer a no charge Set-It-and-Forget-It package where we get you set up on Swizznet.  We transfer your files, set up your users and get you off and running.  Contact us today for details.

The Anatomy of Virtual Accounting

Every effective accounting department can be broken into four main areas: Accounts Receivable, Accounts Payable, Payroll, and Reporting. We call this the anatomy of accounting. Each area has a specific and important role to play and when any of these sections are not performing at their highest potential, the system as a whole can be weighted down. In order to keep your virtual accounting running accurately and at its peak performance, each section has to be carefully maintained. To detail exactly how each section contributes to the whole, we've examined each one-by-one: Virtual Accounts Receivable

This portion of your virtual accounting is simply the money your business is taking in. It consists of billing clients and entering invoices, as well as making and posting deposits. As we keep track of the money your company is earning, accuracy is pinnacle. Tracking the inflow of cash can be critical for making future business decisions.

Virtual Accounts Payable

Probably the least favorite part of virtual accounting for most business owners is accounts payable. This section takes care of money your business owes others. VAST can help you pay bills, credit cards and perform statement reconciliations. Ensuring that you are not overlooking any bills or paying too much is our priority in handling this section of your virtual accounting.

Virtual Payroll Service

Your employees work hard for you, and VAST makes paying them for their hard work simple. With Intuit, we will process their taxes and issue a check automatically every pay period. At the end of the year, filing taxes will be a cinch, because we will have kept Intuit thoroughly updated.

Virtual Reporting

Often the most neglected of all accounting services, reporting is a critical part of the process. With accurate virtual reporting, VAST gives you all the tools to manage your business and make critical decisions about the future. We reconcile all of your accounts to ensure accuracy and deliver detailed, easy-to-understand reports.

When the anatomy of your accounting is healthy and running efficiently, you can be certain that the information you need is always a click away with our virtual accounting services. When you work with VAST, we make sure that every part of the accounting process is working at peak performance. No matter how simple or complicated your accounting might be, we have the tools to manage it accurately. We understand the anatomy of accounting, and we bring this knowledge to providing exceptional virtual accounting services for our clients.