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What is Virtual Bookkeeping?

Virtual bookkeeping allows an accountant or bookkeeper to provide accounting services for a client remotely. Telecommuting positions are becoming more common as businesses seek creative ways to find a balance between staffing arrangements and workloads. A virtual bookkeeping arrangement can be beneficial to both the business and the bookkeeper in terms of flexibility and cost.

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What is Virtual Bookkeeping?

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  1. VirtualBookkeeping

  2. Virtual Bookkeeping? Virtual bookkeeping, also known as cloud accounting, is when a bookkeeper or accountant works with their client remotely. This is made possible through accounting software that allows you and your bookkeeper to share an account. With a shared account, your bookkeeper can post your financial transactions, review and update your statements, reconcile your accounts and perform other vital accounting functions without having to meet with you in person. In thisarrangement,theaccountantandbusiness must utilize the same accounting software to ensurethepropertransferandcommunication offiles. Whatis

  3. To enable virtual bookkeeping, the business grants the bookkeeper remote access to its server, software and financial documents. The bookkeeper signs onto the company’s secure network from his home computer and accessesthedocumentsjustashewouldifloggedontoan on-site company computer and installs the company’s bookkeeping software onto his computer. Depending on the arrangement, either the worker or the client may purchaseandregisterthesoftware,butbothmustusethe same program and version to ensure proper transfer and communicationofthefiles. Ifthebookkeeperisemployedbythecompany,shewillbe paidaccordingtotheemployer’spayrollpoliciesandcycle. If the bookkeeper is working as an independent contractor, she will invoice the business for the services performedandtheclientwillremitpaymentinaccordance toitscontractorpaymentpolicy. HowItWorks

  4. ThankYou

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