Among the most accessible and highly paid remote jobs in today’s digital age is virtual bookkeeping. Virtual bookkeeping is an ideal opportunity to have a steady income from home, as you can easily get started in it without having a college degree or great experience.
With just a few basic skills-attention to detail and the desire to learn-you could start your very rewarding virtual bookkeeping career, charging anywhere from $20 to as high as $80 per hour!
Why Virtual Bookkeeping Is in High Demand
As more businesses begin to move their operations online, the need for virtual support of their finances also increases. Most small business owners would rather hire a virtual bookkeeper than full-time employees to keep track of the accounts, expenses, and invoicing, for that matter. Due to this trend, virtual bookkeeping has become quite in demand and hence one of today’s most desired remote jobs.
How Much Can You Earn as a Virtual Bookkeeper?
According to Ben Robinson, founder of Bookkeeper Launch, virtual bookkeepers can earn as much as $80 an hour. Bookkeeper Launch is an online training program whose commitment is to teach people how to acquire the needed skills to make a full-time income as a virtual bookkeeper and be able to build their own profitable businesses. In the program Bookkeeper Launch, Robinson teaches his students how to find clients, provide quality bookkeeping services, and set up a bookkeeping business from scratch.
With the right training and a strong work ethic, many Bookkeeper Launch graduates have taken their new skills to the marketplace and established successful bookkeeping careers earning anywhere from $20 to $80 per hour.
What Does a Virtual Bookkeeper Do?
As a virtual bookkeeper, your number one responsibility is to record your client’s financial transactions. The main bookkeeping-related tasks are listed as follows:
- Recordation of financial transactions: Financial transactions related to income and expenses are to be recorded correctly.
- Invoice management: Drafting, mailing, and following up on invoices to ensure timely payment.
- Reconciliation: Comparing books for accuracy in financial record-keeping.
- Financial reporting: You can provide the business entities with monthly or quarterly reports, showcasing their financial health.
This work can typically be done with cloud-based software, such as QuickBooks or Xero, allowing you to work from virtually anywhere.
Skills Needed for Virtual Bookkeeping
Even though you aren’t required to have a degree or experience in the field, some of the skills that will enable you to succeed as a virtual bookkeeper include the following:
1. Attention to Detail: Bookkeeping requires accuracy since small mistakes usually snowball into bigger financial problems.
2. Organizational Skills: This is because you need to be organized enough to handle multiple clients at any one time.
3. Basic Math Skills: You don’t have to be a math whiz, but you must be able to do basic arithmetic.
Familiarity with one or more
4. Bookkeeping Software: bookkeeping software, like QuickBooks, Xero, or FreshBooks, can give you an edge.
If you have no bookkeeping experience, you may want to look into online training programs such as Bookkeeper Launch to learn how to be successful as a bookkeeper.
How to Get Started into Virtual Bookkeeping
- Learn the Basics: Take an online course in something like Bookkeeper Launch to learn what the basic level of bookkeeping consists of. Courses like these will give you the skills you need along with a roadmap on how to launch your business.
- Get Set Up and Start Your Business: Once you have the skills, you set up your business and start offering your services to prospective clients. Many new bookkeepers start their service offerings on freelance platforms like Upwork or Fiverr.
- Find Clients: Networking could be handy in finding them. You may want to begin with local small businesses, or you can try websites such as Indeed or FlexJobs because remote bookkeeper jobs are very often posted.
- Set Competitive Rates: The more you work and build your reputation, the higher you may set your per-hour rates. You might have to start low to get clients going, but once you’re experienced, you can make up to $80 an hour.
Learning and Getting Started Resources
- Bookkeeper Launch – Extremely recommended training to help provide the needed skills and business guidance on becoming a bookkeeper.
- QuickBooks Online Certification– Certification in QuickBooks will add to your credibility and make you more marketable to your prospective clients.
- LinkedIn Learning– Provides courses on bookkeeping to help refresh the fundamentals of the career.
Conclusion
Virtual bookkeeping is a very lucrative and accessible career that anyone who either has an eye for detail or a caring spirit can engage themselves in it. Whether one is trying to start a side hustle or create a full-time business, bookkeeping can accommodate both flexibility and income in a host of ways.
Guided by industry leading pros like Ben Robinson and platforms such as Bookkeeper Launch, you will learn all you need to know to fire up a profitable bookkeeping business and enjoy working from anywhere.
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