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Of course, like most online jobs, virtual bookkeepers can work on the side and earn much more.ĭo note that some bookkeeping firms would require you to sign a non-compete contract, which means you can’t put up the same business or offer your services as a freelancer to other companies or individuals as long as you’re employed with that firm. How much do virtual bookkeeper jobs pay?Īs of May 2021, the median salary of a bookkeeper is $45,560 annually or $21.90 per hour, according to the US Bureau of Labor Statistics, with the actual range falling between $18 to $50 per hour.Ī virtual bookkeeper can work as an independent contractor for an online bookkeeping firm hired by businesses who need bookkeepers, an employee for a company needing a virtual bookkeeper, or as an independent contractor with their own clients.Īs such, the salary of virtual bookkeepers depends largely on the type of employment obtained, the number of clients handled, level of educational attainment, any training and certifications gained, work experience, and specialty.įreelance bookkeepers who have multiple clients usually charge by the hour, and they can possibly make up to $50 an hour.īookkeepers employed with a company earn somewhere between $35,000 and $55,000 annually.

Virtual bookkeepers have the same responsibilities as traditional bookkeepers, except they do their work remotely. This type of delegation is how huge accounting firms are able to cater to multiple clients at any given time. In fact, bookkeepers perform various accounting tasks without any problems, but they often have to submit sensitive documents to licensed accountants for approval.

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Unlike a certified public accountant (CPA) who holds a finance-related 4-year degree, a master’s degree, and a license to practice, bookkeepers don’t have strict educational and certification requirements.

They also consult with individuals and businesses to organize their financial records, make sure that everything is compliant with state and federal laws, and suggest ways to save money and maximize tax breaks. However, they are not the same.Īccountants mainly figure out taxes owed and prepare tax returns. Many people confuse bookkeepers with accountants. Complying with local, state and federal government laws about financial reporting or taxes.Conducting monthly or annual account reconciliation.Monitoring debt level or financial standing.They may also be responsible for the following: In the traditional economy, a bookkeeper is someone with advanced computing skills and knowledge of preparing financial statements who is in charge of a business’s daily financial health.įor instance, they’re usually responsible for processing bills and employees’ salaries, as well as collecting payments on invoices.

What does a virtual bookkeeper job entail? Today, you’ll learn about what a virtual bookkeeper does, where to find jobs, and what can come next for a virtual bookkeeper. Virtual bookkeeping is one of those jobs that require little more than you, your computer, and a natural aptitude for making sense of numbers.Īs the entrepreneurship mindset becomes more widespread and more businesses are founded, the demand for bookkeepers can only increase.Īlso, thanks to existing technologies, web-based tools, cloud services, and the internet, modern businesses are opening up more telecommuting or work-from-home positions, including those for bookkeepers.

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