Virtual Accounting Companies: Services, Costs, and How to Choose the Right One

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Virtual Accounting Companies

Virtual accounting companies have become an essential part of how UK businesses manage finance operations today. From startups and ecommerce brands to accounting practices and property firms, more organisations are replacing in-house hires with virtual accounting services that deliver flexibility, cost efficiency, and access to global talent.

In this guide, we put leading virtual accounting companies in the UK. Each company is broken down clearly with an overview, pricing approach, and key reasons to choose them.

After the comparison section, we dive deeper into costs, how to choose the right provider, and what UK businesses should realistically expect from virtual accounting services.

Leading Virtual Accounting Companies in the UK

Teambuild Consultancy

At our company, Teambuild Consultancy, we operate as a full scope virtual accounting and virtual assistant provider, helping UK businesses build long term remote finance teams using highly skilled professionals from the Philippines. While many companies focus only on bookkeeping, we go further by supporting end to end accounting operations with dedicated staff who integrate into your business.

We are a UK based company, and all client relationships, onboarding, and account management are handled with UK businesses in mind. Our accounting virtual assistants work remotely but operate as an extension of your internal team.

Our Pricing at Teambuild Consultancy

Our pricing is intentionally simple and transparent, which is something many UK business owners tell us they struggle to find in this space.

Part time virtual assistant

  • 4 hours per day, 5 days per week
  • Approximately £500 per month

Full time virtual assistant

  • 8 hours per day, 5 days per week
  • Approximately £900 per month

Our pricing is slightly different from traditional online accountants because you are not paying per task or per transaction. Instead, you get a dedicated accounting professional who works only for your business.

Why Choose Us at Teambuild Consultancy

We believe our strength lies in combining affordability with reliability and long term partnership.

Here are some of the main reasons UK businesses choose us:

  • Dedicated accounting virtual assistants who work exclusively for you
  • Strong expertise across bookkeeping, finance admin, and operational accounting
  • Excellent English communication and cultural alignment with UK businesses
  • Ideal solution for companies exploring offshore accounting Philippines talent without compromising quality
  • Flexible scaling from part time to full time as your business grows
  • Particularly effective for roles such as bookkeeping support, reconciliations, reporting, and accounts payable virtual assistant functions

Our clients range from UK SME founders and managing directors to accounting firm owners and practice partners who want consistent, dependable finance support without the cost of hiring locally.

QX Accounting Services

QX Accounting Services is a well known outsourcing provider that focuses heavily on supporting UK accounting firms rather than individual SMEs. Their services are structured to act as an offshore delivery arm for accountancy practices.

They provide trained accountants and bookkeepers who work on compliance tasks, year end accounts, and tax preparation under the supervision of UK managers.

Pricing Model at QX Accounting Services

QX typically works on a custom pricing model. Costs vary depending on:

  • Volume of work
  • Level of accountant required
  • Engagement length

This model is better suited to medium and large accounting firms rather than small businesses.

Why Businesses Choose QX

  • Strong focus on UK accounting standards and compliance
  • Experience supporting accounting practices during peak seasons
  • Structured onboarding and internal controls

However, QX is less flexible for small businesses that want a dedicated individual rather than a pooled team.

Outbooks

Outbooks is another popular virtual accounting company in the UK, offering outsourced bookkeeping and accounting services using offshore teams. Their model blends offshore delivery with UK based account managers.

Outbooks supports both accounting firms and growing UK SMEs.

Pricing Model at Outbooks

Outbooks generally operates on a monthly package or engagement based pricing structure. Costs increase with complexity and transaction volume.

This model works well for businesses that want predictable monthly reporting but less control over who exactly works on their account.

Why Businesses Choose Outbooks

  • Experience across bookkeeping, payroll, and tax
  • Suitable for growing SMEs with recurring accounting needs
  • Strong presence in the UK outsourcing market

Osome

Osome is a technology driven online accounting platform designed mainly for startups, ecommerce businesses, and founders who want automation combined with accounting support.

Their service combines software dashboards with access to accountants rather than a fully dedicated assistant.

Pricing Model at Osome

Osome charges monthly subscription fees that scale based on business size and services required. Pricing usually increases as transaction volume grows.

Why Businesses Choose Osome

  • Easy to use platform and dashboards
  • Good fit for ecommerce and digital first businesses
  • Fast onboarding for startups

This model is ideal for founders who prefer app based interactions over personalised staffing.

Crunch

Crunch is one of the longest running online accounting firms in the UK, particularly popular among freelancers, contractors, and micro businesses.

They provide accounting software bundled with accountant support for compliance and year end filings.

Pricing Model at Crunch

Crunch uses tiered monthly pricing, often starting at lower monthly fees for freelancers and sole traders.

Why Businesses Choose Crunch

  • Simple solution for freelancers and contractors
  • Fixed monthly pricing
  • HMRC compliance support included

Crunch is less suitable for businesses that need day to day accounting support or operational finance assistance.

How Much Do Virtual Accounting Services Cost in the UK

One of the biggest motivations for UK businesses choosing virtual accounting services is cost efficiency.

To put things into perspective, the average salary for a full time bookkeeper or junior accountant in the UK often exceeds £28,000 per year before employer costs. Once you add National Insurance, pensions, software, and management time, the real cost rises further.

Virtual accounting services typically fall into three pricing categories:

Subscription Based Online Accounting

  • £50 to £300 per month
  • Best for freelancers and very small businesses
  • Limited personalisation

Outsourced Accounting Packages

  • £300 to £1,500 per month
  • Pricing based on transactions and services
  • No dedicated individual

Dedicated Virtual Accounting Assistants

  • £500 to £900 per month for part time or full time support
  • Dedicated staff member
  • Ideal for growing SMEs and accounting firms

This is where our model at Teambuild Consultancy stands out. Instead of charging per task, we focus on building long term team capacity at a predictable cost.

What Virtual Accounting Services Typically Include

Most virtual accounting companies in the UK offer a combination of the following services:

  • Bookkeeping and bank reconciliations
  • Accounts payable and invoice processing
  • Accounts receivable and credit control
  • Payroll preparation and support
  • VAT returns and compliance support
  • Monthly management accounts
  • Financial reporting and analysis

Many businesses also use virtual accounting services specifically for operational roles like accounts payable virtual assistant support, freeing up internal teams to focus on higher value tasks.

How to Choose the Right Virtual Accounting Company

Choosing the right provider is not just about price. UK businesses should look carefully at fit, scalability, and reliability.

Define What You Actually Need

Before comparing providers, be clear on whether you need:

  • Compliance only bookkeeping
  • Daily operational finance support
  • A dedicated team member
  • Short term help or long term partnership

This clarity will immediately narrow down the right type of virtual accounting company.

Look Beyond Software

Many companies advertise themselves as virtual accounting firms but are really just software platforms. If you need consistent support, look for providers offering people first solutions, not just dashboards.

Check Security and UK Compliance Awareness

Your provider should understand GDPR, HMRC processes, and UK financial reporting standards. Even when using offshore talent, UK oversight is critical.

Communication and Availability

Ask how communication works day to day. Dedicated assistants usually provide faster responses and better accountability than pooled service models.

Scalability

Your accounting needs will change as your business grows. Choose a provider that allows you to scale hours and responsibilities without disruption.

Why Virtual Accounting Is Growing So Fast in the UK

Industry data shows that over one third of UK SMEs now outsource at least one finance function. The rise of cloud accounting, remote work acceptance, and cost pressures has accelerated adoption.

Businesses are no longer asking whether virtual accounting works. They are asking which virtual accounting company delivers the best long term value.

Final Thoughts

Virtual accounting companies are no longer a niche option. They are a strategic advantage for UK businesses that want flexibility, efficiency, and access to global expertise.

Whether you choose a platform based service, an outsourced accounting firm, or a dedicated virtual accounting assistant model, the key is alignment with your business goals.

At our company, Teambuild Consultancy, we believe the future of accounting lies in building reliable remote teams that feel like part of your business. By combining UK leadership with skilled offshore professionals, we help businesses reduce costs while improving operational performance.

If your goal is to move beyond basic bookkeeping and build a scalable finance function, virtual accounting services may be one of the smartest decisions you make.

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    Jack

    Article by

    Jack

    I’m Jack, a Content Strategist at Teambuild Consultancy. For the past three years, I’ve been exploring how virtual assistants can transform the way businesses operate. My work focuses on creating awareness among business owners about the benefits of hiring dedicated VAs, from cutting costs to boosting efficiency. I’m passionate about helping companies see how the right virtual support can free up their time and let them focus on what really matters.

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