Virtual Bookkeeping Defined
Virtual Bookkeeping Defined
Virtual bookkeeping allows a bookkeeper to work from home or their own office instead of physically working at a client’s office. Aside from the work location, there is not much difference between regular bookkeeping services and a virtual arrangement. A virtual bookkeeper may use computerized bookkeeping software to post financial transactions, process payroll, monitor cash flow, review and update statements and reconcile accounts. Virtual bookkeeping is an affordable and convenient option for small businesses, nonprofit organizations, and churches.
How It Works
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 or office computer and retrieve documents just as he would if logged onto an on-site company computer. Bookkeepers around the world might also use cloud-based accounting software such as QuickBooks Online or access a hosted virtual desktop, according to
