Remote Bookkeeping-What is it?
With technology, bookkeeping and the financial industry has changed drastically over the last 5 years. We are now able to be virtual and remote, and all receipts, emails, and financial documents are sent and stored in a secured cloud.
Some people are still very old school, but it’s easy. I promise.
A virtual bookkeeper is someone who works remotely completing tasks such as expense coding, reconciliation, accounts payable, accounts receivable, payroll processing, and financial reporting.
The bookkeeper would go over your banking information, your current accounting files, how to use your email system and workflow management system, how to transfer information to us, your expectations of team members, critical relationships you have with key vendors, customers, and employees, and a review of important financial deadlines and calendar dates.
Every one has a preference when it comes to their accounting software, or don't have any clue at all! We try to focus on one software-Quickbooks Online-so we are always up to date on the latest changes.
Then at the end of the year or during tax season, business owners are able to save more money by not spending thousands with a CPA for a year's worth of catch up work.
Your CPA or accountant advises you on tax matters and helps you file your taxes. Your bookkeeper enters and classifies your transactions and provides up to date financial reports In some cases, your CPA/accountant will act as your bookkeeper; while charging you double, or sometimes triple, of what I charge. Together, they form an important team that works in the best interest of your business.
Each month or week, whichever you prefer your bookkeeper may have a video or phone conversation to let the client know the current status of their books.
There are also a number of programs that we use to work with our clients for financial document retrieval, password storage, important information, workflow, and more. but that is another post.