What does a virtual accountant do?

Virtual accountants compile and verify financial transactions and ensure that their clients are financially efficient as well as compliant with lawful business practices. Instead of working in the office, virtual accountants work from home or in another location outside of the office. Virtual accountants handle a wide range of responsibilities, depending on their specialty. During tax season, a virtual accountant prepares tax documents, calculates taxes owed, and follows up on payments made to or received from different government agencies. An outside auditor is usually brought in to review the accountant's work, but with smaller companies, an accountant may double as an auditor around tax season. Other responsibilities may include documenting individual expenditures, reviewing financial statements for quality assurance, and verifying transaction compliance. Virtual accountants may also be expected to make budget recommendations to increase the financial efficiency of their clients.