She holds a Bachelor of Arts in human resources management and is PHR-certified. Kathy Haan, MBA is a former financial advisor-turned-writer and business coach. For over a decade, she’s helped small business owners make money online.

• Ask your prospective virtual bookkeeping service if they have experience in your industry, and if so, how many clients they have in your industry.
• Then, consider how that time could be better spent on other aspects of your business—like getting new clients, developing new products, or enjoying some much-needed R&R.
• Accountants and bookkeepers may decide to work from home in a virtual capacity for many reasons.
• If your books are behind, we can get you caught up for $299 per month.
• Otherwise, monthly pricing starts at $399 and weekly pricing starts at $549 per month.
• You do have to pay a little more for some features, but it’s got a lot to offer.

In simple terms, virtual bookkeeping is a financial management service that is conducted remotely. It is usually done with the help of cloud-based accounting software. The role of a bookkeeping or accounting virtual assistant is to assist business owners with the management of finances. From tracking transactions and expenses to creating financial reports, they can help keep finances in check. Overall, small businesses looking for a simple, handy, and dependable way to manage their financial records should strongly consider a HoneyBook Pro’s virtual bookkeeping services.

Open a Business Bank Account

Every entrepreneur knows that their most stretched resource is the number of hours in a day. Keeping the books up to date is one of the easiest business tasks to delegate effectively. For startups that have a lot of customers or a lot of bills, virtual bookkeepers can save many hours every month. “Virtual bookkeeping” refers to online bookkeeping services that perform these tasks remotely.

Their full-service accounting and bookkeeping solutions come with 20% off the first three months when you sign up for a customized demo. You’ll find solutions for payroll and HR, taxes, and other needs, and free consultations are offered to new clients. Rated as the largest professional bookkeeping service in America, Bench has a lot of great features to love. It makes the top of the list because it offers catch-up services to get your books up-to-date and get things organized before diving into an ongoing strategy for bookkeeping maintenance. You can also book monthly check-ins and tax reviews without paying an extra fee.

TAX SERVICES: PREPARATION & FILING

Examples include bookkeeping journal entries, bookkeeping ledger, bookkeeping reconciliation and bookkeeping trial balance. When you have a Small Business Plus plan or higher, you get unlimited online support. All plans come with onboarding, a dedicated bookkeeper and account manager, reconciliation at month-end, balance sheet, P&L, statement of cash flows and a portal with document storage. Higher-tiered plans unlock more transactions and a more frequent service level. HoneyBook is a clientflow management platform tailored to meet the everyday needs of independent business owners. HoneyBook provides an all-in-one solution for each step in the independent business owner and client relationship, from invoicing to the closing survey.

Bookkeeper360 integrates with third-party tools, such as Bill, Gusto, Stripe, Shopify, Xero, Brex, Square, Divvy and ADP. These integrations make it easy to track your bookkeeping and accounting data in one place. It also offers full-service bookkeeping, meaning that its team will do the bookkeeping for you. Otherwise, monthly pricing starts at $399 and weekly pricing starts at $549 per month.

The top virtual bookkeeping services

On HoneyBook Pros, you can find vetted, licensed professionals who can help you fit your bookkeeping needs with the services you offer and how you take payments. A dedicated team of professionals to provide you year-round tax support; from preparation https://accounting-services.net/what-is-the-difference-between-bookkeeping-and/ to filing. If you don’t run payroll for your clients, you may want to consider adding it to your list of services. Download our FREE whitepaper, An Accountant’s Guide to Offering Payroll Services to Clients, to learn about cloud-based payroll systems.

To ensure you have accurate information, know what you’re responsible for, and understand how your decisions will affect you, seek professional advice from an attorney, accountant, and tax advisor. It will be a lot harder to work with a virtual bookkeeper if you use QuickBooks and they use FreshBooks or Xero. Therefore, make sure you ask them which accounting app they use for their business and why. If they are using different software and tools, you should figure out why and use that to determine if you really want to work with them. Some of the apps might be different, but if your prospective virtual bookkeeping service can cover these five bases, then there is a good chance you’re covered.

Independent Business podcast

When it comes to running a business, back office outsourcing services are going to help you in several different ways. Using a virtual bookkeeping assistant service will ensure that your books are always in order and that your finances are set up to help your business succeed. Many companies use online accounting and other finance software to manage their financial data. In fact, more than 120,000 small and midsize businesses use BILL, processing over USD 140 billion in payments annually.

Plus, you may want to consider creating a website for your Bookkeeping for Independent Contractors: A Guide Shoeboxed services to promote your offerings and give details. The Wave suite of apps manages tasks like invoicing, payroll, and accounting/bookkeeping for small business owners. As a company grows, the in-house accounting and bookkeeping department will be forced to grow as well to keep up with the demand of the increased business. A virtual bookkeeping company will have the tools to scale services as a company grows so that there is no disruption during a period of growth.