What to Expect From a Virtual Bookkeeper

When people find out that I'm a virtual bookkeeper, the most common question is "How does that work?". With the way that the accounting industry is going, we're going more virtual than ever. The days are moving further into the past when the bookkeeper makes monthly office visits to record all the data that you don't have time to keep up with. Virtual bookkeepers help you to see what your financial situation is in real-time, so you can make real-time decisions.

So, on to the nitty-gritty. As the client of a virtual bookkeeper, what can you expect?

1. The client will have to be willing to keep all of their receipts.

2. The client must be willing to scan said receipts so that they can be transmitted using whichever means that the client and bookkeeper mutually agree upon. (If you're lazy and you know it, a really nice bookkeeper will allow you to mail your receipts to them for scanning) See my post Hubdoc vs. Shoeboxed if you spend most of your money online.

3. The client must be willing to provide read-only access to all their bank and credit card accounts for daily transmission of financial transactions into a cloud-based accounting program.

4. Your bookkeeper will then code all your business revenue and expenses to the proper accounts, reconcile your bank and credit card accounts (Note: If you receive credit card payments, you must also be willing to provide Merchant Statements to help with reconciliation) and she'll provide you with monthly Balance Sheet, Income Statement and Statement of Cash Flows.

If you have more questions about the in's and out's of virtual bookkeeping, please email me at the following address: peli@thebookingkeeper.com.

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