| Bookkeeping is a very important part of any | | | | a readable report that would be updated daily and |
| business structure. The owner of the business | | | | could be viewed on command. The virtual |
| must know where their money is, what fiscal | | | | bookkeeper would allow the business to have a |
| amount of money they had to spend or invest, | | | | more up-to-date statement on their financial |
| and whether there money is losing or making | | | | records and also allow them to be able to see the |
| money. The traditional bookkeeper would come | | | | bottom line at a moments notice. Here the |
| by once a week or once a month and collect all | | | | business owner can make crucial decisions on how |
| the invoices and purchase orders that the owner | | | | the money is allocated or spent or how the |
| had gathered for the week. Traditional | | | | money is invested for future endeavors. The |
| bookkeeper would then enter the numbers into | | | | virtual bookkeeper is off-site and is communicated |
| the ledger so that there was a least a semblance | | | | with electronically through the Internet or via |
| of order in accounting. The negative aspect of a | | | | telephone. The virtual bookkeeper is faster, more |
| traditional bookkeeper was that sometimes the | | | | efficient, and saves time in the long run. The |
| numbers were delayed by up to a week or more. | | | | records of a virtual bookkeeper are more secure |
| This could cause delays and miscalculations of | | | | because they are kept in a separate location out |
| company funds and could put the company to | | | | of the eyes of curious employees. The virtual |
| into a deficit. | | | | bookkeeper will allow access to your books only |
| A virtual bookkeeper is a person that a company | | | | to the people that you have trust in and give |
| would hire to keep their books with them and not | | | | permission to see. Just a click of a mouse and the |
| have a physical address that usually costs time | | | | owner will be able to see all the financial records |
| and money. A virtual bookkeeper Kate Daly take | | | | of the company and know within 24 hours what |
| into receipts, and voices, than statements of the | | | | fiscal cash flow the company has for use. |
| business and have them electronically inputted into | | | | |