What Is A Bookkeeper?
A bookkeeper’s job is to maintain complete records of all money that has come in and gone out of the business. Bookkeepers record daily transactions in a consistent, easy-to-read way and their records enable the accountants to do their jobs more effectively.
A bookkeeper typically does all of the following:
- Records financial transactions
- Posts debits and credits
- Creates invoices
- Manages payroll
- Maintains and balances ledgers and accounts
Bookkeeping doesn’t require a certification, but there are certifications and licenses available for someone to attain.
Virtual Bookkeeper vs. Traditional Bookkeeper
Traditional bookkeeping and virtual bookkeeping are similar in that they function almost exactly as the other would, whether in-house or online.
- A traditional bookkeeper can meet with business owners and work within the business’s space either part-time or full-time. They are in contact with the owner, staff, vendors, customers, etc. They are available to you because they are physically present.
- A virtual bookkeeper is present, but just online. You will work through computer software to share information and data. They have the ability to video conference, email, and chat online with you about any issues or needs that come up, but cannot meet in person
Virtual bookkeeping services are gaining popularity and may be right for some businesses, but there are certain advantages to a traditional bookkeeper you may not have considered. One of the biggest benefits of working with a traditional bookkeeper is one-on-one consultative support.
Some other advantages of working with a traditional bookkeeper like TenKey are:
#1 We work close by and are available to you
When you work with a traditional bookkeeper like TenKey, we’re available for calls, emails, and in-person meetings. Have an immediate issue that needs attention? We’ll work with you and your schedule.
#2 We work directly with your accountant
Communication is essential! We learn your business and your books inside and out and work with your accountant to keep your finances and your business running seamlessly.
#3 Consultative support
We listen to our clients and provide strategies that will serve their businesses best. Our bookkeeping teams also work together to solve problems and take a proactive approach to manage your books.
#4 Customized services
Our team has years of experience in building personalized bookkeeping plans and payroll services. We do not subscribe to the “one-size-fits-all” service option since we know that every business is unique.
#5 Communication requires less effort
Because we can be on-site we can be available for in-person meetings and important impromptu conversations where it’s less likely for wires to get crossed in terms of expectations and deliverables.
#6 Better Data Security
When a bookkeeper is in another location, it’s necessary to use technology to share sensitive financial information with that individual. While most technology companies take security seriously and have safeguards in place, there’s always the chance that someone can access your financial information as it’s being transferred beyond the bounds of your company’s internal network. There is also a possibility that the software will not be available because or experience brief interruptions at critical times.
#7 Insider Knowledge
While a virtual bookkeeper will be highly knowledgeable about the services they provide, they’re not a part of your company. They’re never going to have the level of understanding about your customers and vendors that a traditional bookkeeper who can be inside your business would have.
Why a Traditional Bookkeeper Might Be Right For Your Company
TenKey’s bookkeeping services are not only cost-effective and efficient but also offer a level of comfort for businesses that want to maintain an in-house presence. With our traditional bookkeepers onsite at your location or office, you can be confident about the security of sensitive financial data and take advantage of personalized service plans that work best for your business. From one-on-one consultative support to insider knowledge about how each aspect of your company works, TenKey will help you thrive.