What Is Virtual Bookkeeping? And Is It Right for Your Business?

Keeping track of Money is one of the most important parts of running a business. You need to know how much is coming in, how much is going out, and where your Money is being spent. This is what bookkeeping is all about. In the past, most businesses had an in-house bookkeeper who sat in the office and handled accounts. But now, with modern technology, there’s another way — virtual bookkeeping . This method allows you to have all your bookkeeping work done online, without needing someone physically in your office. What Is Virtual Bookkeeping? Virtual bookkeeping is a modern way of handling a business’s accounts without having a bookkeeper physically present in your office. Instead, the bookkeeper works remotely, using secure online accounting software and cloud-based tools to keep your records accurate and up to date. Just like a traditional bookkeeper, they manage important tasks such as recording sales and purchases, tracking expenses, reconciling bank statements, processing payroll, p...