Virtual accounting services refer to accounting services that are provided remotely, typically through cloud-based accounting software and digital communication tools. These services are offered by accounting firms or professionals who work remotely to manage a company's financial records, transactions, and reporting needs. Virtual accounting services can include bookkeeping, financial statement preparation, payroll processing, tax preparation, and other financial tasks. The main benefits of virtual accounting services include cost-effectiveness, convenience, and access to a wider pool of accounting talent.