The Ultimate Guide to Working with Virtual Bookkeeper

The Ultimate Guide to Working with Virtual Bookkeeper

Posted on December 13, 2022

This scenario is not only driven by advancements in technology but also the COVID-19 pandemic which has significantly altered the work schedule of many businesses in favor of hybrid and remote work. Hybrid and remote work are steadily becoming more popular among remote bookkeeping companies all over the world, especially in advanced economies with more sophisticated ICT infrastructure. It is now possible for between 20 to 25 percent of employees in these more developed economies to work remotely between three to five times weekly.

We have many years of experience providing bookkeeping services for a range of industries, including but not limited to construction, architectural and engineering firms, and nonprofits. However, this can also be done with virtual or online bookkeeping services. At Zeni, we take efforts to build strong client relationships, and our finance team is adept at providing the guidance that new businesses need to stay focused on growth.

Ensure You Have Good Bookkeeping Skills

Bookkeeping lays the groundwork for many accounting processes, so you can use your experience and knowledge as a stepping stone to becoming an accountant. However, you will likely need to complete a degree program and other certifications to be an accountant or move beyond a bookkeeping role. Read more below to learn about bookkeeping, typical responsibilities, how to become a bookkeeper, and remote bookkeeping opportunities with Intuit working onQuickBooks Live in the U.S. 50 states. Then, kickstart your bookkeeping career by signing up for an  Intuit Bookkeeping Certification. This is especially advantageous for cryptocurrency startups and other organizations with complex or industry-specific reporting requirements. Virtual bookkeeping provides access to bookkeepers with relevant experience, ensuring that your business receives applicable guidance.

They may hire a part-time bookkeeper to manage the day-to-day books, and they often use an external accounting firm for tax preparation. It is then that we set up clients in any of the apps that we’re using. They gather and organize your financial transactions into general ledgers and at the end of each period provide you with your financial statements. Remote bookkeepers also may work alongside a tax preparer for small businesses so you can get all of your financial needs taken care of swiftly and smoothly. In addition, they double-check their books before sending reports to their clients. The Wave suite of apps manages tasks like invoicing, payroll, and accounting/bookkeeping for small business owners.

Credit card account management

While pricing starts at $149 per month, it may be difficult to predict how much Wave bookkeeping will cost your business. There are no publically available pricing tiers—you’ll have to book a call with Wave to get a quote. As noted above, the major facilitator of remote bookkeeping is digitalization. A virtual bookkeeper offers the same services and benefits you would expect from a bookkeeper working on-site.

However, more experienced bookkeepers and those who run their own businesses can earn much more, anywhere from $30-$60 per hour. If you’re still on the fence about hiring a virtual bookkeeper, crunch some numbers to help reach a decision. Equivity offers a range of virtual services for businesses—from administrative assistants to paralegals. Virtual services are https://www.bookstime.com/articles/opening-balance-equity-what-is-it-and-how-to-fix-it more sophisticated than individual freelancers. They usually have full teams, so you don’t have to worry about your bookkeeper going on vacation or getting sick. With these and more capabilities, software is helping business organizations streamline interconnected workflows while saving them much-needed time for non-bookkeeping aspects of business management.

Things to Consider Before Hiring A Bookkeeper

Reports on balance sheets and profit and loss give a company updated data and a true picture of the company’s financial health. I have zero bookkeeping experience and was worried about my ability to get clients. The classes focus just as much on the business side of things as the bookkeeping knowledge. From day one I was learning both bookkeeping skills and how those skills translate into my new business. Ben is a great teacher and he knows how to break down the content so that anyone can learn it. People who knew I had been laid off were asking me about my “job seeking” prospects and I would tell them that I was starting my own bookkeeping business.

• If you don’t have the space for this, aim to have a desk with locking drawers where physical paperwork can be kept.
• Instead, the remote bookkeeper telecommutes with clients or employees from anywhere in the world.
• When you hear the term bookkeeping, you may wonder what responsibilities and experience are required.
• However, more experienced bookkeepers and those who run their own businesses can earn much more, anywhere from $30-$60 per hour.
• There’s not a lot of set-up or equipment required, aside from a computer, an internet connection, and bookkeeping software.
• The Talent Acquisition team is dedicated to connecting people with exciting career opportunities and partnership within Intuit.

This is because it allows more flexibility, and you can have a system entirely dedicated to your accounting-related tasks. Moreover, it’s more cost-effective than hiring an in-house bookkeeper. In this article, we will go through some of the best practices for accountants to use to make remote bookkeeping efficient and smooth. Even as the world is getting back on its feet, companies are offering remote and hybrid job options to work.

Intuit is dedicated to providing its employees with the ability to learn and grow throughout their time with our company. Once candidates are hired as employees, they will be provided with training assignments and other resources that prepare them for their positions. Intuit provides its employees with supplemental learning materials after training has been completed to assist employees in developing their skills. A bookkeeping certificate can help you find a bookkeeping role, either as an in-house bookkeeper or as a freelancer.

As a #businessowner, there is only so much you can achieve each day. Therefore, it is necessary to outsource jobs that aren’t the best use of your time and #talents. #Bookkeeping is one of these jobs for which you must hire a remote worker. As an owner of a small business, it is not unusual to wear multiple hats to get your business off the ground.