Virtual bookkeeping is exactly the same thing as office bookkeeping. The differences between office bookkeeping and virtual bookkeeping are that virtual bookkeeping prevents the business owner from employee-related issues such as using office equipment, obtaining the permission to go for leave, training programs or the use of an office space.
Virtual bookkeeping can be performed regardless of the location.
What Is a Virtual Bookkeeper?
A virtual bookkeeper is a person who completes bookkeeping and other accounting tasks for his clients by using the internet and the most up-to-date technology available without having to leave his location. He can offer his services to multiple companies from any part of the world.
This does not mean that a virtual bookkeeper cannot work with offline clients. If the clients are closeby, nothing stops a virtual bookkeeper to meet with a potential client over lunch.
How it works
The bookkeeper is given access to the business’ server, software and financial details. For security purposes, the virtual bookkeeper has to sign a non-disclosure policy with the business. Also, to prevent server glitches, a backup of the system should be done by the bookkeeper.
5 reasons why business owners should hire a virtual bookkeeper
There are a lot of benefits to hiring virtual assistants in general, not just virtual bookkeepers.
As a business owner, here are 5 reasons why you should hire a virtual bookkeeper
Reduction of costs
If you were to hire an in-office bookkeeper, you will need to provide him with equipment and space. There is no need for this when you hire a virtual bookkeeper. This removes some overhead expenses in the cost of running your business.
No need for training
A virtual bookkeeper is already versed in the use of various accounting software programs; you don’t have to train him again.
Also, when you prefer to use specific bookkeeping software and the virtual bookkeeper is not familiar with such software, you can easily search for another virtual bookkeeper who is familiar with it. Hence, this saves you time and money in … Read the rest...