A virtual bookkeeper handles your bookkeeping remotely—they may not be in your town or even your time zone. All communication and financial document storage is handled within bookkeeping software. Your virtual bookkeeper categorizes your transactions and prepares financial statements for your business.
They are often found on various job platforms, which makes them relatively easy to hire. The Federal Reserve Bank reports that businesses that have good financial records have a much greater chance of securing financing to expand. And you'd hire an accountant to handle official reporting and high level business advice. In fact a good bookkeeper is your partner in keeping things running smoothly within your business. As a business owner, you probably like to spend your time growing your business or connecting with customers — not compiling financial statements.
What are the signs that I need a bookkeeper?
Hiring a bookkeeper is a critical decision that directly impacts the financial health of your small business. To ensure a smooth and effective hiring process, it’s essential to steer clear of common mistakes that can lead to complications and challenges down the road. Before diving into the hiring process, take the time to assess and define your business’s bookkeeping needs. Understand the volume and complexity of financial transactions and identify any specific skills or software expertise required.
Employers also prefer to hire bookkeepers who have taken some postsecondary courses. So, some professionals may pursue certificate programs in bookkeeping as a degree alternative. Contact local CPAs or tax professionals to see if they can offer their services without in-person contact. Many firms can operate remotely or virtually, and others that typically operate face-to-face may be changing their procedures to keep up with social distancing guidelines. One of her clients, Alyssha Dairsow, Executive Director of Curly Me!
What to Expect from a Freelance Bookkeeper
Discussing the bookkeeper’s approach to handling sensitive financial information and the measures they have in place to ensure data security is essential for building trust. Bookkeepers create invoices, which are like bills for the things the business sells. They also keep track of money that the business is supposed to get from customers. Bookkeeping companies invest in industry-leading accounting tools and software. A bookkeeper can weave all of those financial needs and others together.
These offices may have particular insights about companies and roles in their area. Other bookkeepers finish their high school diplomas and then seek on-the-job training. To prove they possess certain skills, they may also complete one or both professional bookkeeping certificates available.
What are the top benefits of hiring a bookkeeper?
Virtual bookkeepers possess a keen eye for detail, ensuring that every transaction is accurately recorded and categorized. This meticulous approach minimizes errors and ensures the integrity of financial data. A seasoned bookkeeper hire a bookkeeper possesses the skills to identify opportunities for saving money. Whether it involves optimizing expenses or leveraging tax deductions, their keen financial insight contributes to the overall financial health of your small business.