Virtual Bookkeeping
My colleague and I have begun doing “virtual bookkeeping.” It’s worked out well so far, with clients who are comfortable with technology being the best fit for this service.
Essentially, a set of QuickBooks is kept remotely and updated anytime information is received. When we receive a bank statement, mileage log, expense log, or credit card statement (sent in pdf format via email or through snail mail), we break it out, categorize it correctly and can generate reports from the info. It’s great for small companies that don’t want a bookkeeper on site and don’t want to pay a monthly fee—we bill by the time we actually spent on the project.
The other service that’s added at no charge is evaluating the tax situation—something that most remote bookkeeping companies are not able to do. It’s an important service that saves time and money when you actually have to file your tax return. When the bookkeeping is clean and keeps you from having to spend additional time with your accountant (not to mention averting potential tax problems.) We charge the same as other bookkeeping companies but it’s the additional tax service that’s added in that makes the difference.
Okay, enough self-promotion for today.