A remote or virtual bookkeeper is a professional who performs bookkeeping tasks remotely, typically using online tools and software. Virtual bookkeepers typically work from a remote location. That could be their home or a co-working space, or a traditional office as close as next door or halfway across the world.
Virtual bookkeepers generally perform the same types of tasks as traditional bookkeepers, including maintaining financial records, tracking and recording financial transactions, reconciling bank statements, preparing reports for management, and maintaining records for tax purposes. However, they use technology to access and work with clients’ financial data remotely, rather than working on site.
Virtual bookkeeping can be a convenient and cost-effective option for businesses, particularly small businesses and startups. It allows them to access professional bookkeeping services without the need to hire a full-time in-house bookkeeper, or maintain the office space or IT resources usually required- a remote bookkeeper takes care of that stuff themselves! It can also be a flexible and convenient option for bookkeepers, as it allows them to work remotely and potentially take on a larger number of clients.
It’s worth noting that virtual bookkeeping requires a high level of trust and security, as the bookkeeper will be handling sensitive financial data remotely. It’s important to carefully vet any potential virtual bookkeeper and ensure that they have the necessary skills, experience and background to protect your financial data.