Remote Bookkeeper Benefits: Isn’t a Part-Time Bookkeeper the Same?

Mar 1, 2022 | Bookkeeping, Taxes

No, not exactly.

Most small businesses don’t need a full-time bookkeeper working 30 to 40 hours a week to manage the books. Instead, most companies bring in a part-time bookkeeper to help close the month or prepare payroll.

That said, a part-time bookkeeper can work remotely or in-office. The term can also refer to a third-party bookkeeper who does their job on site. For this reason, the two terms are not mutually exchangeable.

How to Find the Right Bookkeeper Benefits for Your Small Business

A part-time bookkeeper is an affordable option if your finances are simple and you don’t want to incur the expenses of a full-time employee.

Remote bookkeeping works much like traditional in-house bookkeeping, except these services can be performed anywhere in the world. In some cases, a remote bookkeeper could be a company’s full-time employee or be hired on a part-time basis. They can work from home or another location of their choice with a Wi-Fi connection.

Unlike traditional bookkeeping, remote bookkeeping offers far greater flexibility and adaptability for the companies they work for. You can hire a bookkeeper whenever you need one, for instance, to consolidate your books monthly, quarterly, or yearly, as opposed to having a full-time employee.

Often, small business owners delay hiring a part-time bookkeeper far too long, even when the need is obvious. However, if you’ve reached a point where your business is growing, but you’re still not in a financial position to bring in a full-time bookkeeper, a part-time bookkeeper can be a cost-effective way to meet your needs.

Hiring a virtual bookkeeper can benefit you in many ways.

Remote Bookkeeper Benefits

1. Save money on overhead costs

Hiring a virtual bookkeeper can be more cost-effective than hiring an in-house accountant. That’s because you will not have to pay for overheads such as their office supplies, internet connection, etc. However, if your remote bookkeeper is also a full-time employee, you must pay payroll taxes and cater to other benefits, including healthcare insurance and travel allowances.

With remote bookkeeper benefits, you get the same experience and expertise as an in-house bookkeeper but at a fraction of the cost.

2. Increase efficiency by minimizing errors

Late and unpaid bills can strain your cash flow. Unfortunately, not everyone is blessed with the meticulous attention to detail it takes to be a thriving bookkeeper. What’s more, your time is probably better spent elsewhere as a business owner. A professional bookkeeper helps keep an eye on your invoices and ensures you don’t miss anything. They can also catch errors and mistakes in your current software and double-check all accounting tasks for accuracy.

3. More time for what matters most

The more your business grows, the more complicated your bookkeeping functions become. As a result, you’re forced to spend more time on bookkeeping which can mean neglecting other core functions of your business.

With remote bookkeeper benefits, you can free up time to work on your business in other ways and experience the kind of growth you’ve always wanted. Moreover, you don’t have to leap into a full-time bookkeeper. With the growing popularity of cloud-based services, you can bring in a remote bookkeeper part-time to streamline and increase the efficiency of your accounting functions.

Remote Bookkeeper Benefits: Better Books, Better Profits

Are you spending too much time on bookkeeping tasks at the expense of more important work? We offer customized remote bookkeeping solutions for small businesses. Let us manage your books for you to sharpen your finances and keep your business growing.

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