4 Top Benefits of Hiring a Virtual Bookkeeper
                     4 Top Benefits of 
Hiring a Virtual 
Bookkeeper
For small businesses and start-ups looking to limit their 
overhead, outsourcing their accounting and 
bookkeeping tasks makes business sense. They have 
the option to hire an onsite or virtual bookkeeper to 
perform these time-consuming yet essential 
responsibilities. While some SMEs feel more 
comfortable working with a part-time bookkeeper 
onsite, more and more businesses are turning to virtual 
bookkeepers because of the benefits they offer. So, if 
you’re thinking of outsourcing work to a virtual 
bookkeeper, you’re on the right track.
Functions of a Virtual Bookkeeper
Although a virtual bookkeeper is essentially an 
independent contractor working online or remotely, 
they can help you stay on top of your accounting and 
bookkeeping needs just like an onsite employee.
They are usually well-versed with QuickBooks, 
Peachtree, Xero and other accounting software and can 
perform the following functions:
• Account servicing
• Accounts reconciliation
• Balance sheet management
• Bank and credit reconciliation
• Budgeting
• Cash flow projection
• Daily petty cash management
• Implementing record-keeping and accounting 
procedures
• Inventory management
• Maintaining accounts
• Maintaining cash flow
• Payroll processing
• Report creation
• Revenue and expenditure management
• Sales and purchase order management
• Trial balance maintenance
• Year-end accounting
Reasons to Hire a Virtual Bookkeeper Hiring a virtual 
bookkeeper comes with several benefits, including the 
following four:
1. A fixed monthly retainer for no surprises
One of the biggest perks of getting a virtual bookkeeper 
to perform accounting and bookkeeping tasks is that 
you don’t need to worry about a surprise costs. 
benefits and the equipment that a regular employee is 
entitled to. All you have to do is hire a virtual 
bookkeeper.
2. Free up more of your time for important tasks
Even if you have an accounting background, it could be 
difficult to manage your business and keep track of 
your business finances, too. By hiring a virtual 
bookkeeper, you’ll have more time to devote to other 
important tasks, such as strategising, marketing or 
getting more investors.
3. Stay on top of payments and collections
By giving your virtual bookkeeper access to your 
accounts and invoices, and records of creditors and 
suppliers, they can check, update and follow up 
payments. They can also track receipts, note accounts 
payables and receivables, balance your accounts and 
give you an accurate picture of your cash flow.
4. Monitor your KPIs
Whatever your type of business, it’s essential to know 
your company’s financial standing. You need three 
major reports to determine this: cash flow statement, 
income statement and cash disbursement schedule. 
With a virtual bookkeeper’s help, monitoring your 
business’s KPIs becomes so much easier. So, are you 
ready to hire a virtual bookkeeper? Remember, getting 
a virtual bookkeeper on board is a highly cost-effective 
way of managing your business finances minus the 
expenses of hiring a full-time accounting professional.