A woman with a stressed expression in front of financial graphs, with text saying "Financial Management Draining Your Time? Here's How an Assistant Can Help!"

Financial Management Draining Your Time? Here’s How an Assistant Can Help!

by Dwayne GuevarraBusiness Growth, Finance & Accounting, Outsourcing, Productivity September 24, 2024November 6, 2024Comments are Disabled

Financial Management Draining Your Time? Here’s How an Assistant Can Help!

Making Financial Management Easier with an Executive Assistant: A Friendly Guide for Service-Based Businesses

Managing your finances is essential for any business. But if you’re a service-based business owner, you probably know how time-consuming and stressful it can get. The good news? You don’t have to do it all yourself. A skilled executive assistant can help take a load off your shoulders, allowing you to focus on what really matters—growing your business. In this video, we’re going to explore how an executive assistant can handle your bookkeeping, daily financial tracking, and even tax preparation, so you don’t have to worry about the nitty-gritty details.

And hey, if you’re thinking about hiring an Executive Assistant VA, head over to workergenix.com (I’ve linked it in the comments) to grab our FREE Delegate or Die Guide. It’s a list of 100 tasks you can delegate today to level up your business. Trust me, you’ll want to check it out!

Now, let’s dive into how an executive assistant can make your financial management a breeze.

How Executive Assistants Can Help Manage Your Finances

As a business owner, you need to keep your eye on strategy, growth, and building strong client relationships. But dealing with day-to-day financial tasks? That can bog you down. That’s where an executive assistant comes in handy. They can manage your bookkeeping, track your finances, and give you regular reports so you always know where your business stands financially. With their help, you’ll have accurate, up-to-date financial data tailored specifically to your business.

Imagine not having to reconcile your accounts every day or stress over daily transactions. Your assistant can handle it all and keep things running smoothly behind the scenes. That way, you can stay focused on making those big, game-changing decisions.

Simplifying Invoicing and Billing

Let’s be real—nobody enjoys invoicing or billing. But it’s crucial for keeping your cash flow healthy. A good executive assistant can streamline this process for you, making sure invoices are sent out on time and payments are tracked properly. They’ll handle everything from creating and sending invoices to following up on any overdue payments.

Having someone else manage this means fewer delays in getting paid. Plus, you’ll always know who has paid and who hasn’t, thanks to organized records. No more digging through emails to figure out if you’ve been paid for that big project from last month!

Tracking Expenses Like a Pro

Expense tracking is another area where an executive assistant can save you time and headaches. Knowing exactly where your money is going is key to running a successful business, right? Your assistant can categorize and record every business-related expense accurately, and even create detailed expense reports for you.

This way, you can see the bigger picture and easily spot areas where you might want to cut back or invest more. It’s all about giving you the tools to make smarter financial decisions.

Getting Ready for Tax Season Without the Stress

Ah, tax season. The words alone can make any business owner cringe. But it doesn’t have to be that way! With the help of an executive assistant, you can stay on top of things all year round. By the time tax season rolls around, all your financial documents will be neatly organized and ready for your accountant.

Your assistant can help reconcile accounts, organize receipts, and ensure all expenses are properly categorized. No more last-minute scrambling to gather paperwork. You’ll be prepared and stress-free when the tax deadline hits.

Wrapping It All Up

At the end of the day, an executive assistant is an invaluable asset for your service-based business, especially when it comes to financial management. From handling the day-to-day tasks like bookkeeping and invoicing to preparing for tax season, they can help you maintain a solid financial foundation. This not only frees up your time to focus on growing your business, but it also ensures your financial processes are efficient and accurate.

Ready to take the leap and streamline your financial management? Consider hiring an executive assistant from the Philippines to help you hit your business goals. And don’t forget to grab that FREE Delegate or Die Guide over at workergenix.com!

Reach out to schedule a discovery call.

Why do businesses need a bookkeeper?

by Adrienne GreenBusiness Growth, Finance & Accounting, Outsourcing, Productivity, Sale August 31, 2022November 6, 2024Comments are Disabled

Bookkeeping is important for maintaining accurate financial records. Nevertheless, many companies have not been able to implement this integration process. By keeping accurate records, you’ll be less likely to have to deal with frustration in the future.

Here are the few things you need to know on why you should hire a bookkeeper:

1. Useful for accurate budgeting

Bookkeeping is essential to any enterprise as it makes it a lot less difficult to finance. With your profits and charges well organized, it’s easy to check your economic assets and costs. Finance creates an economic roadmap for your business. With finance in place, you could plan for destiny charges on your business to assist with growth. If you don’t hold correct and updated books, it’s tougher to get correct finance as it`s all, especially guesswork.

2. Prepare for taxes

Annoyingly, businesses must file their taxes at the end of the tax year. With the accounting process in place, you can prepare your financial information for the tax season and tax officials will not be disappointed.

3. Organize records

The last-minute stress of finding a significant deal can miss the deadline and some small mistakes can creep in. Companies of all sizes cannot afford to make mistakes.

Regular accounting can help with that. You can keep an organized record by doing your books frequently, tracking them, and not waiting for the last second. Over time, it will be much easier to find the information you desperately need on the fly.

4. Easy to see business goals

All businesses want to grow, but poor financial records can prevent them from growing at the desired rate. Setting growth goals is not easy without the exact numbers and data to analyze.

Again, that’s because you guess everything and you’re very disappointed that you didn’t reach the goals you set earlier. By tracking your books and maintaining regular financial records, you can better define your business goals and drive growth.

5. Meet government regulations

We all recognize that the authorities usually come out with a brand-new initiative that’s specifically to make matters less complicated for them.

That’s exactly what it says the tin-businesses need to start processing taxes digitally using applications and software. In this case, not only do you need to make your book, but you also must use the app for it.

6. Provides additional security

As an entrepreneur, you don’t want to have bookkeeping issues in addition to your daily work. If your books are perfectly neat, they will no longer drive you tonight. Rest assured that your company’s financial information is ready to be verified without worry. Rest assured that you can focus on other areas of your business.

7. You learn in the process

Bookkeeping can teach you more than you think about your company’s finances. Everything you learn will help you make smarter business decisions.

What is the average salary for a bookkeeper in Chattanooga?

Salary ranges of bookkeepers vary widely depending on multiple factors such as experience, skills, programs used, education, and location. These are just some of the elements that affect the salary rate of a bookkeeper just like any other employee. For today, we are going to talk about the average salary for a bookkeeper in Chattanooga.

According to salaryexpert.com, the average total salary of a bookkeeper in Chattanooga, Tennessee is $ 40,554, or an equivalent hourly wage of $19. This is 11% lower than the average salary of US bookkeepers($ 4,890). What’s more, they get an average $ 689 bonus. Payroll estimates are based on payroll survey data collected directly from employers and anonymous employees in Chattanooga, Tennessee. An entry-level accountant (13 years of experience) has a median salary of $ 30,365. On the other hand, the average salary of a senior accountant (more than 8 years of experience) is $ 49,054.

Where to hire your bookkeeper?

Your business may be growing, and you are having a hard time doing all these things by yourself apart from all your other tasks.

Here in Workergenix, our mission is to provide you with dedicated, college-educated, motivated Virtual Professionals (VPs) to handle your business and personal tasks. The Virtual Professionals can help you with your bookkeeping needs and are skilled in using accounting software to maintain accurate and up-to-date financial records.

For as low as $13.19/hr, you can get a dedicated Virtual Professional who will work for you for up to 8 hours every day. Plus, our service requires no payroll tax, W2, or 1099 paperwork. You can get the same benefits or even MORE, by paying less compared to the average $19/hr salary rate of a bookkeeper in Chattanooga, TN. Irresistible, right?

Simply fill out the following form to schedule your free, no-obligation, consultation today, click here.

How can a Virtual Professional Help You to Spend More Time with Your Family?

by Adrienne GreenBusiness Growth, Outsourcing, Productivity, Sale July 20, 2022November 6, 2024Comments are Disabled

When you’re a business owner, it feels like there are never enough hours in the day. You can feel like you’re constantly buried in paperwork and admin, and then your business starts to suffer from the lack of attention

But how much time do you actually spend on administrative tasks?

The average small business owner spends 4 hours every day on administrative tasks. That’s about 1/3 of their day! That’s right: one hour every day and that’s the time that could be spent with your family, or doing things that you love, Post Content or even just relaxing

Do you ever feel like your business is taking over your life?

You should.

It’s time to take back control of your time and let me help you out with the business side of things.

We want you to be able to spend more time with your family—and we know how hard it can be for entrepreneurs to find the time for their loved ones. That’s where Workergenix comes in, which will allow you to focus on growing your business and spending more quality time with those close to you.

We are here for you to take care of all the administrative tasks so that you can focus on what matters most: being with your family!

Want to talk more about our services? Send me a message and we can talk about how Workergenix can help you free your time and unlock your potential!