adventure tax

Online Accounting

Need online accounting help? Want to hire a virtual accountant? We can help.

What Are Online Accounting Services?

Online accounting services are exactly what they sound like—professional accounting services delivered remotely. Using cloud-based tools like Xero + Docusign and communication platforms like Zoom, a virtual accountant can handle all your financial needs without the need for in-person meetings.

Here’s what they typically offer:

• Bookkeeping, including tracking income and expenses.
• Tax preparation and lodgement.
• Payroll management.
• Financial reporting and analysis.
• Budgeting and cash flow forecasting.

With online accounting services, you get all the benefits of a traditional accountant, plus added convenience and flexibility.

Why Choose Online Accounting?

Traditional accounting services are often time-consuming, expensive, and lack flexibility. Have you noticed how most accountants take ages to reply to your emails? Some even make you visit their office for meetings or to sign documents. Our online accounting services solve this by offering:

• 24/7 Accessibility: Access your financials from anywhere in the world, any time you need.
• Real-Time Insights: Stay updated with current financial data that supports smart decision-making.
• Lower Costs: No need for full-time in-house staff – pay only for what you need.
• Electronic Documents: Data protection you can trust, with all your records backed up online. You can e-sign documents from London, Tokyo, or Bali (or wherever you’re based).

Benefits of Hiring a Virtual Accountant

Here are the top benefits to working with a virtual / online accountant:

1. Convenience

• Your accountant is just an email, video call, or chat away—no need to travel or schedule in-person meetings.
• Cloud-based tools allow you to share and access financial data in real time. Plus, find someone who is tech-savvy and takes notes using AI (so you don’t have to!).

2. Cost-Effective

• Online accountants typically charge less than traditional, in-office firms. Why? Because they have lower overheads and often work from home or a coworking space.
• You can choose services à la carte or in packages that fit your needs and budget.

3. Access to Experts Anywhere

• You’re not limited to accountants in your local area. You can access anyone in the world.
• Online accounting connects you to top talent, regardless of location.

4. Automated Processes

• Virtual accountants use digital tools like Xero, QuickBooks, MYOB, Docusign, A2X, and other tools to automate and simplify tasks (which makes your life easier).
• This reduces errors, saves time, and improves communication.
• Plus, documents are easily accessible from anywhere in the world. You don’t have to worry about losing a paper trail again.

5. Scalability

• Whether you’re a sole trader or scaling a larger business, online accounting services grow with you.
• You can add services as your needs evolve.

What Does a Virtual Accountant Do?

A virtual accountant goes beyond basic bookkeeping to provide strategic insights and support. Here’s what they can handle for you:

• Daily Transactions: Tracking income, expenses, and bank reconciliations.
• Tax Compliance: Preparing and filing your taxes accurately and on time.
• Payroll: Managing employee payments, superannuation, and PAYG obligations.
• Financial Reports: Providing real-time insights into your business’s financial health.
• Forecasting: Helping you plan for future growth and avoid cash flow issues.

They’re not just a financial record keeper—they’re your partner in making smarter business decisions.

Case Study: Online Accounting Helps a Digital Marketing Agency

The Problem: Jake runs a digital marketing agency and was struggling to keep up with bookkeeping, payroll, and quarterly taxes. He needed help but didn’t want the overhead of hiring a full-time accountant.

The Solution: Jake hired an online accountant who:

• Set up automated invoicing and expense tracking using Xero.
• Managed payroll and ensured compliance with tax regulations.
• Provided monthly reports on profitability and cash flow.

The Outcome: Within three months, Jake’s financial processes were streamlined, and he gained back 10 hours a week to focus on growing his agency.

How Much Do Online Accounting Services Cost?

The cost of hiring a virtual accountant depends on the services you need and the complexity of your finances.

Typical Pricing Models:

• Basic Bookkeeping: $300–$600/month for small businesses.
• Comprehensive Accounting: $500–$1,500/month for tax prep, payroll, and reporting.
• One-Off Services: $200–$500/hour for consultations or tax returns.

While this may seem like an expense, the time, money, and stress you save often make it a worthwhile investment.

How to Choose the Right Virtual Accountant

Not all online accountants are the same. Here’s how to find the perfect fit:

1. Check Their Credentials
2. Look for Specific Experience
3. Assess Their Tech Skills
4. Evaluate Their Communication Style
5. Consider Their Pricing

Online Accounting Services—Adventure Tax

Our online accounting services were created to meet the needs of modern businesses. From day-to-day bookkeeping to high-level virtual CFO support, we do it all:

1. Bookkeeping & Data Entry

• Accurate tracking of expenses, invoices, and receipts.
• Bank reconciliations to keep records up to date.
• Management of accounts payable and receivable.

2. Financial Reporting & Analysis

• Monthly or quarterly financial statements.
• Cash flow tracking and forecasting to avoid surprises.
• KPI reporting to assess performance at a glance.
• Monthly or quarterly business performance calls.

3. Payroll Management

• Automated payroll processing and compliance.
• Employee payment reports and payslips on time, every time.

4. Accounting Software Setup & Support

• Seamless setup with leading platforms like Xero, MYOB, or Quickbooks.
• Ongoing technical support to keep things running smoothly.

5. Tax Compliance + GST

• Monthly, quarterly, and annual tax and GST compliance.
• Tax planning, strategy, and review.
• Liaising with the ATO on your behalf for complex matters.
• We receive a commission from tax agents for referring your work to them (at no additional cost to you).

6. Virtual CFO

• Monthly, quarterly, and annual reports, helping you maximise profitable products / services, and eliminating drains on your resources.
• Reducing expenses through staffing, rent, overheads, and supplier cost review.
• Monthly meetings to keep you on track financially. We work as an extension of your team.

7. Business Structures

• Company incorporation with ASIC, setup of trust, partnership, or sole trader accounts.
• Review of your personal situation to determine which option is best, and advising you of your available options.

8. Asset Protection

• Setting up legal structures to separate and shield your personal assets from business liabilities. Asset ownership strategies that protect against potential claims and creditors.
• Reviewing your liabilities and potential exposures to assess your risk areas. Designing strategies to minimise your vulnerability in case of lawsuits or financial issues.
• Regular reviews to ensure that your asset protection structures remain effective and compliant with legal standards. Best practices to keep both your business and personal wealth secure as circumstances change.

9. Mergers + Acquisitions

• Evaluating potential M&A opportunities based on compatibility, alignment, and financial impact.
• Conducting comprehensive due diligence to assess financial health, operational efficiency, and potential risks of the target company.
• Supporting a seamless transition by aligning system, integrating teams, and aligning culture.

10. Mortgage & Finance Brokerage

• We have a network of mortgage, finance, and insurance brokers who we can connect you with for your particular industry.
• We receive a commission from them for referring your work to them (at no additional cost to you).

If you’re not sure what services you need, book a call with us here and we can assist you.

Who We Work With

Our online accounting services are perfect for:

• Startups & Small Businesses: Focus on growth while we manage your financials.
• Freelancers & Digital Nomads: Stay compliant across borders with remote support.
• eCommerce Stores: Keep track of online Shopify transactions and automate reconciliations with A2X and other software.
• Service Providers: Focus on your clients while we take care of the numbers.
• Larger Businesses: If you’re a larger corporation with specific needs, we can provide accounting services to suit your situation.

Online Accounting—How It Works

Working with us is simple and flexible!

1. Consultation – We assess your business and find out what online accounting services you need.
2. Onboarding – We review your Xero or accounting system, including your accounts and cloud setup. We’ll provide solutions to make your life easier (and help you save time!)
3. Ongoing Support – Your virtual accountant stays connected to you via email, WhatsApp, or Zoom (and we’re flexible with time zones). We manage all the day-to-day online accounting for you and refer you to any experts as required.
4. Scalable Solutions – As your business grows, our services evolve to meet your needs.

Why Work With Us?

• Online Meetings: Whether you run a business from Dubai, Madrid, or Sydney, we meet you online in Zoom (and record notes with AI).
• Transparent Pricing: No hidden fees or surprises – you pay for what you need (a low fixed price per month for better cash flow).
• We’re Experts: We’re qualified accountants with deep industry knowledge and a passion for numbers!
• Peace of Mind: You focus on your business growth; we’ll handle the numbers.
• Great People: We’re a friendly and fun-loving team. We’re happy, positive, and love what we do! ☀️
• Network of Contacts: Even thought we don’t do everything in-house, we have a stellar network of accountants and consultants we can refer you to, so that you get the best advice possible.

How Much Does It Cost?

We offer flexible monthly plans for online accounting, bookkeeping and virtual CFO. Only pay for what you need and custom pick your preferred services.

Ready To Get Started?

If you want to know more, book a free consultation today and we’ll answer any questions you have. You can upgrade, downgrade, or cancel your plans at anytime – there’s no hidden fees or long-term commitments.

For M&A, asset protection, and tax strategies, these are usually project-based and charged as a one-off fee. We partner with expert accountants to provide these services you will review your situation and provide a quote / fee estimate.

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