A bookkeeper is someone who is in charge of managing all of a company’s financial statements, receivables, payables, tax preparation, financial record accuracy analysis, payroll services, and bookkeeping records and books. A virtual bookkeeper provides all of these services and is a more efficient and cost-effective option than hiring an in-house bookkeeper.
What is a Remote Bookkeeper?
A remote bookkeeper’s working style and principles differ differently from those of a conventional bookkeeper. As you may be aware, an average bookkeeper performs his or her day-to-day tasks using the employer’s property, which includes the location, system, and any other necessary resources.
Hiring a remote bookkeeper like Busy Bee Advisors, on the other hand, can help you avoid many of the inefficiencies that come with hiring a traditional bookkeeper.
A remote bookkeeper connects to the employer’s accounting system from his or her home or office and handles all of the client’s bookkeeping and accounting needs.
Common Remote Bookkeeping Services
Who you choose and the extent of work you agree on will determine the remote bookkeeping services you obtain. Most firms, on the other hand, engage in a range of remote accounting services to support their payables, receivables, and banking activities. A virtual bookkeeper is likely to do the following:
- Make monetary transactions
- Cash, cheques, and other payments are received and recorded
- Assign expenses and revenue to the relevant accounts
- Produce financial statements such as balance sheets, income statements, cash flow statements, and others
- Disparities must be reconciled
- Budgets must be followed
Benefits of Remote Bookkeeping Services
There are a number of notable benefits of remote bookkeeping services including:
Access to Top Talent
While each online bookkeeper is unique, the vast majority are highly trained professionals with years of expertise. If you hire a full-time bookkeeper, you could choose a less experienced expert to save money. You can get excellent expertise at an inexpensive price point with remote bookkeeping services.
Bookkeeping is not only time-consuming but also boring. You may entrust all of your bookkeeping chores to another professional using remote bookkeeping services. This frees up your time and the time of your coworkers. It enables you to strategically spend your resources and concentrate on big-picture activities such as expanding your firm.
An in-house bookkeeper earns an average of $44,686 a year. When you factor in health insurance, 401k, PTO, and other perks, employing one is rather costly. An online bookkeeper can offer you with the exact bookkeeping you want at a fraction of the cost. It can also save you money on things like furniture, office supplies, technology, and other incidental expenses that come with having a full-time staff.
Scale Your Business
Scaling your business is simpler with remote accounting services. They can help you achieve your short- and long-term objectives by increasing efficiency and production. You may struggle to achieve the accurate financial reporting, planning, and forecasting that is critical to your success if you don’t have them.
Finally, your virtual bookkeeper should be a partner who can assist you in growing your business on a budget. As you look for the proper virtual bookkeeper for your small business, keep these tips in mind.