{"id":1887,"date":"2024-03-26T12:48:01","date_gmt":"2024-03-26T12:48:01","guid":{"rendered":"https:\/\/portfolink.com\/blog\/?p=1887"},"modified":"2024-09-16T09:15:27","modified_gmt":"2024-09-16T09:15:27","slug":"virtual-bookkeeper","status":"publish","type":"post","link":"https:\/\/portfolink.com\/blog\/virtual-bookkeeper\/","title":{"rendered":"What Does a Virtual Bookkeeper Do? [How to Get Hired as One]"},"content":{"rendered":"\n<p>Consistently recording financial transactions is essential for companies and small businesses, helping them grow. However, understanding and organizing financials can be a complex problem requiring a professional solution. This is where the services of a virtual bookkeeper are sought after. <\/p>\n\n\n\n<p>But what is virtual bookkeeping?&nbsp;<\/p>\n\n\n\n<p>In this article, we\u2019ll cover <strong>what a virtual bookkeeper is.<\/strong> We\u2019ll also examine what a virtual bookkeeper does and how to become one.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1380\" height=\"920\" data-src=\"https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/what-does-virtual-bookkeeper-do.jpg\" alt=\"What Does a Virtual Bookkeeper Do\" class=\"wp-image-1888 lazyload\" data-srcset=\"https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/what-does-virtual-bookkeeper-do.jpg 1380w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/what-does-virtual-bookkeeper-do-300x200.jpg 300w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/what-does-virtual-bookkeeper-do-1024x683.jpg 1024w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/what-does-virtual-bookkeeper-do-768x512.jpg 768w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/what-does-virtual-bookkeeper-do-1536x1024.jpg 1536w\" data-sizes=\"(max-width: 1380px) 100vw, 1380px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1380px; --smush-placeholder-aspect-ratio: 1380\/920;\" \/><\/figure>\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-a-virtual-bookkeeper\">What Is a Virtual Bookkeeper?<\/h2>\n\n\n<p><strong>A virtual bookkeeper is someone who offers online bookkeeping services. <\/strong><strong><\/strong><strong>. The term refers to hired freelancers and full-time internal employees working remotely. Virtual bookkeepers rely on accounting technology to ensure a business&#8217;s books are up-to-date.&nbsp;<\/strong><\/p>\n\n\n\n<p>These professionals are a good alternative for small business owners who don\u2019t have the resources to hire an in-house bookkeeper.&nbsp;<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"what-does-a-virtual-bookkeeper-do\">What Does a Virtual Bookkeeper Do?<\/h2>\n\n\n<p><strong>A virtual bookkeeper does daily financial tasks like preparing payrolls, grant accounting, and reconciling bank statements and credit cards. Virtual bookkeepers rely on SaaS (Software as a Service) accounting software on cloud remote servers to retrieve financial documents.&nbsp;<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>If you&#8217;re a business owner looking to hire a virtual bookkeeper, it&#8217;s worth knowing that there are VA scams online. So, knowing <a href=\"https:\/\/portfolink.com\/blog\/virtual-assistant-scams\/\">how to spot virtual assistant scams is crucial<\/a>.<\/p>\n<\/blockquote>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1380\" height=\"920\" data-src=\"https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/roles-of-virtual-bookkeeper.jpg\" alt=\"Roles of a Virtual Bookkeeper\" class=\"wp-image-1889 lazyload\" data-srcset=\"https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/roles-of-virtual-bookkeeper.jpg 1380w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/roles-of-virtual-bookkeeper-300x200.jpg 300w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/roles-of-virtual-bookkeeper-1024x683.jpg 1024w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/roles-of-virtual-bookkeeper-768x512.jpg 768w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/roles-of-virtual-bookkeeper-1536x1024.jpg 1536w\" data-sizes=\"(max-width: 1380px) 100vw, 1380px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1380px; --smush-placeholder-aspect-ratio: 1380\/920;\" \/><\/figure>\n\n\n\n<p>Here&#8217;s what a virtual bookkeeper does daily:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Prepare Balance Sheets. <\/strong><br>A balance sheet helps a company assess its debt, and investors know the potential returns. Virtual bookkeepers prepare monthly, quarterly, and yearly balance sheets.&nbsp;<\/li>\n\n\n\n<li><strong>Monitor Accounts Payable. <\/strong><br>This is what a business owes suppliers for goods and services. With payment approval, bookkeepers can also settle these bills.<\/li>\n\n\n\n<li><strong>Note Accounts Receivable. <\/strong><br>This refers to what customers owe you for goods and services offered. Bookkeepers send out invoices and payment notices and bill customers.&nbsp;<\/li>\n\n\n\n<li><strong>Reconcile Bank Statements and Credit Cards. <\/strong><br>It is the process of comparing transactions to ensure accurate bookkeeping.&nbsp;<\/li>\n\n\n\n<li><strong>Grant Accounting. <\/strong><br>Tracking individual grants to denote compliance requirements, revenue, and expenses.<\/li>\n\n\n\n<li><strong>Preparing Payrolls. <\/strong><br>It includes calculating employees&#8217; salaries, setting PAYE on time, and deducting taxes.&nbsp;<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Important! <\/strong>These are just some of the tasks a virtual bookkeeper does. However, what a remote bookkeeper will do may vary depending on your needs and employee agreement.&nbsp;<\/p>\n<\/blockquote>\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-become-a-va-bookkeeper\">How to Become a VA Bookkeeper? <\/h2>\n\n\n<p><strong>You can become a VA bookkeeper by acquiring training, learning to use accounting software, applying for positions, and getting certifications. Alternatively, you may launch your bookkeeping business and market yourself using different methods, such as word of mouth or a website.<\/strong>&nbsp;<\/p>\n\n\n\n<p>These are the steps for becoming a virtual bookkeeper.&nbsp;<\/p>\n\n\n<h3 class=\"wp-block-heading\" id=\"step-1-acquire-training\">Step 1: Acquire Training<\/h3>\n\n\n<p>This can be done through a college degree, online courses, or seminars. You don\u2019t have to be a Certified Public Accountant (CPA) to do bookkeeping.&nbsp;<\/p>\n\n\n\n<p>Training is vital to learn the essential skills needed for bookkeeping. Ensure the courses you pick provide valuable information necessary to become a competent bookkeeper.&nbsp;<\/p>\n\n\n<h3 class=\"wp-block-heading\" id=\"step-2-learn-how-to-use-accounting-software\">Step 2: Learn How to Use Accounting Software<\/h3>\n\n\n<p>Accounting software like <a href=\"https:\/\/quickbooks.intuit.com\/global\/\" rel=\"nofollow noopener\" target=\"_blank\">Quickbooks<\/a> streamlines the bookkeeping process. Most clients rely on this software to share information via the cloud.<\/p>\n\n\n\n<p>Therefore, to become a remote bookkeeper, you must know at least the basics. Since most of these software are subscription-based, you can pick just one to learn the ins and outs.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"How to use QUICKBOOKS ONLINE (2024)\" width=\"500\" height=\"281\" data-src=\"https:\/\/www.youtube.com\/embed\/RsvS7JMgsxE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe>\n<\/div><\/figure>\n\n\n<h3 class=\"wp-block-heading\" id=\"step-3-apply-for-positions\">Step 3: Apply for Positions<\/h3>\n\n\n<p>After learning the basics, you should look for remote bookkeeping positions on online platforms like <a href=\"https:\/\/www.indeed.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Indeed<\/a>, <a href=\"https:\/\/www.upwork.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Upwork<\/a>, and <a href=\"https:\/\/www.ziprecruiter.com\/\" rel=\"nofollow noopener\" target=\"_blank\">ZipRecruiter<\/a>. You can either become a full-time local bookkeeper, work on-site, or choose freelancing.&nbsp;<\/p>\n\n\n\n<p>Ensure you have a well-written resume that highlights your skills. To gain experience, consider volunteering or an entry-level job.&nbsp;<\/p>\n\n\n<h3 class=\"wp-block-heading\" id=\"step-4-get-certified\">Step 4: Get Certified<\/h3>\n\n\n<p>Getting a certification is important. It helps secure high-end clients since most consider certified bookkeepers skilled and experienced.&nbsp;<\/p>\n\n\n\n<p>However, this will come later after working for at least two years. Depending on your country, you must pass an examination and commit to a particular code of ethics.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Find out more details about getting clients as a virtual assistant <a href=\"https:\/\/portfolink.com\/blog\/get-clients-virtual-assistant\/\">here<\/a>.<\/p>\n<\/blockquote>\n\n\n<h2 class=\"wp-block-heading\" id=\"can-you-be-a-bookkeeper-if-you-are-bad-at-math\">Can You Be a Bookkeeper If You Are Bad at Math? <\/h2>\n\n\n<p><strong>Yes, you can be a bookkeeper if you are bad at math. Modern bookkeeping doesn\u2019t need much math expertise since it relies on software and specialized programs. Nevertheless, you need at least a basic mathematics level, something a high school graduate should possess.<\/strong>&nbsp;<\/p>\n\n\n\n<p>To become a bookkeeper, you should know how to operate a computer and generate reports. Additionally, have the capability to analyze reports and draw plausible conclusions.&nbsp;<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"how-much-can-you-make-as-a-virtual-bookkeeper\">How Much Can You Make as a Virtual Bookkeeper? <\/h2>\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1380\" height=\"920\" data-src=\"https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/how-much-virtual-bookkeepers-make.jpg\" alt=\"How Much Virtual Bookkeepers Make\" class=\"wp-image-1890 lazyload\" data-srcset=\"https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/how-much-virtual-bookkeepers-make.jpg 1380w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/how-much-virtual-bookkeepers-make-300x200.jpg 300w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/how-much-virtual-bookkeepers-make-1024x683.jpg 1024w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/how-much-virtual-bookkeepers-make-768x512.jpg 768w, https:\/\/portfolink.com\/blog\/wp-content\/uploads\/2024\/03\/how-much-virtual-bookkeepers-make-1536x1024.jpg 1536w\" data-sizes=\"(max-width: 1380px) 100vw, 1380px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1380px; --smush-placeholder-aspect-ratio: 1380\/920;\" \/><\/figure>\n\n\n\n<p><strong>A virtual bookkeeper can make around $12 to $24 an hour, mostly in the first year. The average pay varies by over $10, showing that experience, skills, and expertise significantly affect a bookkeeper&#8217;s compensation. Experienced bookkeepers can make between $30 and $60 an hour.&nbsp;<\/strong><\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.bls.gov\/ooh\/Office-and-Administrative-Support\/Bookkeeping-accounting-and-auditing-clerks.htm#tab-1\" rel=\"nofollow noopener\" target=\"_blank\">U.S. Bureau of Labor Statistics reported that bookkeepers made $45,860<\/a> annually as of 2022. This equates to $22.05 per hour.&nbsp;<\/p>\n\n\n\n<p>To increase your earning potential, you must be certified and undergo additional training, such as becoming a CPA. Consider offering monthly packages instead of charging by the hour if you have a personal website.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Learn how to make money as an online bookkeeper from <a href=\"https:\/\/www.linkedin.com\/pulse\/how-make-money-online-bookkeeper-razvan-gaga-fjt0f#:~:text=On\" rel=\"nofollow noopener\" target=\"_blank\">Linkedin<\/a>.&nbsp;<\/p>\n<\/blockquote>\n\n\n<h2 class=\"wp-block-heading\" id=\"the-benefits-of-virtual-bookkeepers\">The Benefits of Virtual Bookkeepers<\/h2>\n\n\n<p>Here are the benefits of virtual bookkeepers:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Cost-Effective. <\/strong><br>Hiring a virtual bookkeeper can help reduce costs associated with an in-house bookkeeper. This includes providing equipment, such as laptops, and renting office space.<\/li>\n\n\n\n<li><strong>Flexibility. <\/strong><br>Virtual bookkeepers can work from anywhere worldwide as long as they have an internet connection. As an employer, you can find talented bookkeepers from other countries at a reasonable cost.<\/li>\n\n\n\n<li><strong>Time Saving. <\/strong><br>Managing your finances can be time-consuming. A bookkeeper can handle automated tasks, like payroll, freeing up your time to focus on other important tasks.<\/li>\n\n\n\n<li><strong>Improve Accuracy. <\/strong><br>Hiring professionals to manage their books can help companies and businesses avoid financial errors. Additionally, all financial information will be kept up-to-date.<\/li>\n\n\n\n<li><strong>Access to Expert Advice. <\/strong><br>A skilled bookkeeper can also provide valuable accounting advice. They can offer valuable insights and advice on financial matters.<\/li>\n\n\n\n<li><strong>Streamline Financial Processes. <\/strong><br>A bookkeeper can help streamline the process of managing payroll, billing clients, and debt payments.&nbsp;<\/li>\n\n\n\n<li><strong>Compliance with Regulations. <\/strong><br>A bookkeeper is knowledgeable about tax laws and regulations. They can help businesses avoid hefty fines by ensuring all necessary documents are completed by the deadlines.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Discover more benefits of a virtual bookkeeper from <a href=\"https:\/\/www.linkedin.com\/pulse\/benefits-using-virtual-bookkeeping-service-your-gavin-bottrell\" rel=\"nofollow noopener\" target=\"_blank\">Linkedin<\/a>.&nbsp;<\/p>\n<\/blockquote>\n\n\n<h2 class=\"wp-block-heading\" id=\"virtual-bookkeepers-services-are-essential\">Virtual Bookkeepers Services Are Essential!<\/h2>\n\n\n<p>A bookkeeper is essential for both businesses and companies. They help manage finances, bank reconciliation, billing, and preparing bankroll.&nbsp;<\/p>\n\n\n\n<p>Having a bookkeeper can help organizations manage their financial requirements and obligations. Your earning potential and limitations as a bookkeeper will depend on your skills and expertise.<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"related-articles\">Related Articles<\/h2>\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/portfolink.com\/blog\/outsourcing-administrative-work-things-you-should-know\/\">Outsourcing Administrative Work [Things You Should Know]<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/portfolink.com\/blog\/reasons-hire-va\/\">11 Reasons for Hiring a Virtual Assistant [+ How to Hire One]<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/portfolink.com\/blog\/virtual-assistant-boost-productivity\/\">9 Ways a Virtual Assistant Can Boost Your Productivity<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/portfolink.com\/blog\/delegate-virtual-assistant\/\">What to Delegate to a Virtual Assistant?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/portfolink.com\/blog\/automated-ecommerce-business\/\">Automated E-commerce Business [How to Do It + The Benefits]<\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Find out what virtual bookkeeping is and how you can become a virtual bookkeeper!<\/p>\n","protected":false},"author":2,"featured_media":1888,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[27,10],"class_list":["post-1887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-remote-work","tag-virtual-assistant"],"_links":{"self":[{"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/posts\/1887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/comments?post=1887"}],"version-history":[{"count":5,"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/posts\/1887\/revisions"}],"predecessor-version":[{"id":2870,"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/posts\/1887\/revisions\/2870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/media\/1888"}],"wp:attachment":[{"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/media?parent=1887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/categories?post=1887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/portfolink.com\/blog\/wp-json\/wp\/v2\/tags?post=1887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}