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Should you outsource your accounts to an online Bookkeeper?

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Alex, Staff Writer

Wednesday, 17 March 2021

It can be difficult to keep on top of your accounts as a small business owner. You’re probably already trying to play the role of several functions such as marketing, sales and admin. Keeping on top of your accounts can feel like an added chore.

What you really want is a way to minimise the time that you spend on administrative tasks so that you can increase your productivity.

Remote bookkeeping is becoming one of the most popular services in the world of business, with more and more small business owners looking to outsource the function. A virtual bookkeeper will look after your business accounts, keeping them up to date and organised.

How does remote Bookkeeping work?

A virtual bookkeeper can do all of the tasks that an in-house bookkeeper would do, from a distance. The company will give the online bookkeeper remote access to its financial documents and whatever online bookkeeping software they are using, such as Xero or QuickBooks.

When you make a purchase, you upload your receipt or invoice into shared online folders which are accessed by the bookkeeper. They will then take this information and combine it with data from your bank accounts and credit cards to create daily logs and monthly reports.

What are the benefits of hiring an online Bookkeeper?

There are many benefits of outsourcing your bookkeeping to a virtual bookkeeper. If you are a small business owner who is trying to cover many business functions, outsourcing your bookkeeping to an online bookkeeper will save you hours of time that you could be spending on more valuable business activities. Bookkeeping software takes time to learn to use so leaving it to the experts will free you up to focus on what’s really important in your business.

If you’re torn between outsourcing your bookkeeping and hiring an in-house bookkeeper, a remote bookkeeper is often the cheaper option. Your bookkeeper can be located anywhere in the world so you can choose the one who is right for your business, no matter what their location. You also don’t have to provide any office space, saving you further money.

Virtual bookkeepers are highly experienced in their field, meaning that they can keep your books current and organised. This will save you time and money when it comes to completing your tax return. Having your books in order will also help you to keep on top of your budgets so that there won’t be any nasty surprises later down the line.

What to look for when connecting with a Bookkeeper online

You want to be sure that you’re hiring the right bookkeeper for your business. First of all, check their qualifications and experience. Experienced and reliable bookkeepers will generally have a professional website and a social media presence which are reassuring signs.

Next, ask about the experience that they have with your industry. It’s always easier to work with a bookkeeper who is familiar with your type of business as they will be able to categorise transactions quickly and already understand the deductible expenses which are relevant to your business.

Finally, check their reviews. You can’t always rely on the reviews on a company’s website. After all, who is going to publish a negative review of themselves? Try to use independent sources where you know that the reviews are genuine.

At Bark, we understand the importance of being able to read genuine reviews from former clients. That’s why when you hire a Bookkeeper on Bark, you can read through all of the company’s reviews from previous customers, making sure that they’re the right person for your business.

If you’re ready to get started your search for a virtual bookkeeper for your business, you can find a Bookkeeper on Bark.

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