If you are good with numbers, like to play with minute details, love accounting and other financial systems, online bookkeeping jobs would be the best for you. Particularly when you don’t want to pick up a traditional office job, these bookkeeping jobs will keep you busy at home and get your extra income too.
Even though bookkeeping is traditionally related to accounts and financial management, you don’t need extraordinary additional skills for this. This makes online bookkeeping jobs a good choice for newbies too, who want to explore different work from home jobs. In this article, we have comprised all information on bookkeeping as a work from home job.
Functions of a bookkeeper
Bookkeeping is a part of the accounting process but it is not as complex as it sounds. The function is quite similar to clerical task. You don’t need to analyse reports, prepare taxes, and set budgets. As a bookkeeper, you will be in charge of putting the receipts and invoices, counting inventory, and classifying expenses and income.
Skills needed for online bookkeeping jobs
Since you don’t need special skills for this job, there is no requirement for an account degree or diploma either. However, some of the essential traits you, as a bookkeeper, must carry are –
- Organization should be of top order.
- Strong attention to smallest of details.
- Willing to work hard, often in repetitive tasks.
- Ability to multitask and still remain calm.
- Good communication and oratory skills.
Earning scope for bookkeepers
Your earnings depend on your level of work, assignments, and most importantly, your employer.
Salary could be different for small accounting farms and a large MNC. As a starter, you can expect your salary to be $15 to $20 per hour, working from home. For full time employment, bookkeeping can fetch you a higher pay.
Types of online bookkeeping jobs
You have two options here, to work for a firm which offers bookkeeping services or to work for a company directly. If you work for a firm which offers bookkeeping services, you will work for different set of clients.
Oppositely, for a company, well, you will have the company itself to look after the bookkeeping needs.
Websites that offer online bookkeeping jobs
Here is the list of websites that offer work from home bookkeeping jobs –
Mostly this company deals with virtual assistants but there are positions for virtual bookkeepers too. Your job responsibility will be to deal with client’s bills, 1099 preparation, reconciling bank statements, journal and data entry, and payroll processing. Candidates are required to have five years prior experience in bookkeeping and allied fields.
Automated accounting and information management solutions are the forte of this company. Small businesses and NGOs form the majority of its clients. The company hires work at home accountants and salespeople on part time and full time basis. You would need to do at least 20 hours of work per week in part time basis.
There are additional benefits for some positions. You must have a bachelor’s degree in business or accounting. In addition to this, five years of experience in finance or accounting is needed. As a part of the assignment, you could be asked to do local travelling too within driving distance of Philadelphia or Pittsburgh.
It is an amazing outsourcing firm which hires bookkeepers and accountants. Services are offered related to A/P, A/R, payroll, general sales staff, and appointment setters. You can take these jobs even by working from home. Accountants are required to have a minimum of 5 years of experience. Bookkeepers, on the other hand, are needed to have 2 years of experience. You may be asked to travel locally for work.
It is a Houston based accounting firm which hires accountants and bookkeepers. Residents from Texas are preferred since there may be local travel involved, but it is not mandatory. Positions are permanent as well as part-time. A minimum of 3 years in public accounting is needed for the position. You will be given tasks related to preparation of individual, partnership, and corporate tax returns.
It is a firm based in the Washington D.C. which has contracts with the government of USA. The company offers various online bookkeeping jobs to persons of various skills. If you have prior experience in Quickbooks, it is an additional point of consideration.
Overland Solutions is based in Kansas. The company offers work from home jobs for various positions such as auditing, bookkeeping, and accountancy. For most of the positions listed here, you would be required to have an associate’s degree or bachelor’s degree. Specialization in finance or business field is preferred. Experience in audits and bookkeeping also counts.
ClickAccounts offers solutions related to business process outsourcing (BPO) for small and medium-sized companies. The company takes care of various services on the behalf of a firm and employs accountants, bookkeepers, tax experts etc. for it. For applying for an accounting or bookkeeping position, you can send your curated resume to careers@ClickAccounts.com. Expect reply in a week or so, if there’s a position in the first place.
Intuit is a well known name in the field of tax software company. It employs people as work-at-home tax advisors. Jobs could be permanent as well as seasonal. You won’t be asked to sell services or prepare taxes. If you want to stick in the bookkeeping domain, you would be preferred if you have a four year degree. For tax preparation, the degree is mandatory.
It is a virtual platform which is looking for an e-Commerce accounting specialist. The position is remote and you will be needed to be available at business hours. A strong understanding of Microsoft Excel and ability to work 15 hours per week is needed. Candidate with degree in accounts and bookkeeping would be preferred. Bonus points for those who have worked with Amazon, Shopify, PayPal, Stripe, Square etc. in the past. Duties include working with clients to make them understand the sales channel and payment processing.
The company hires remote bookkeepers for their positions. Duties include handling bank reconciliations, management of requests in a timely manner, preparation of monthly financials. You should have 4 years of more of bookkeeping or accounting experience. If you are a CPA or understand ROWE, it would act as a bonus.
The website has positions for all kinds of professional roles. You can find out bookkeeping positions too. You can go ahead and apply on the website. For suitable vacancies related to online bookkeeping jobs, they will contact you over email or phone.
The name “Botkeeper” may fool you into thinking that it is some sort of automated work but in actual, the company is still searching for eligible employees on bookkeeping posts. Candidates are required to have experience in restaurant accounting. They must be well versed with QuickBooks Online and QuickBooks Desktop. A certificate in these softwares is preferred. Tasks assigned would be light collection, payment of bills, month end closing for cash basis clients etc. benefits include healthcare and PTO.
FAQ before picking online bookkeeping jobs
Take a look at these questions if you have contemplated to become an online bookkeeper. You should be able to answer most of them positively.
- Do you feel comfortable around numbers, especially large ones?
You would be dealing with a lot of numbers, a lot. If you are not comfortable with numbers, maybe bookkeeping isn’t for you. The job doesn’t need beyond basic math in most of the cases, but still, you would be asked to collect, feed, and classify numbers.
- Do you have an eye for minute details?
Accuracy is important here because a single figure can change the whole outcome of the reports that analysts and accountants would prepare. A distraction free environment is thus, highly necessary for this job. You should be alert while entering details.
- What are the services that online bookkeeping jobs demand?
The services that you would offer could be packaged in a bundle. The basic services remain the same and for additional duties, you can charge more. Basic services include – update of books on monthly basis, bank reconciliation, email support, preparation of reports.
As explained, you can charge for additional services or support. Some companies also need help with tax preparation and payroll. You can include these in your package, if you have suitable qualification and the company asks for them in the first place.
- What would be the charges for offering bookkeeping services?
You can do a little bit of market research to understand what other bookkeepers are charging. Alternatively, you can come up with your own calculation. Decide hourly wages that you want to earn. Use this amount to price your package.
Calculate roughly and round the number of hours to complete the services offered in the package. Multiply this number by your desired hourly rate. This is your rough week price. Multiply that amount by 52 and divide by 12. This is your approximate monthly rate.
- How will the clients pass on data for bookkeeping?
Clients would pass on their receipts mostly through digital transmission, in one way or another. Secure methods to get those receipts and return the prepared books would be through the following software –
- Dropbox – Clients can scan their receipts and save them here. Attachments from emails can be saved here too.
- Google Drive – Clients can save copies of their receipts here and share with you. Similar to Dropbox.
- E-mail – You can setup an email for work purpose and demand all the receipts here for working.
- What’s with confidentiality in online bookkeeping jobs?
Confidentiality is supreme in bookkeeping. All the data that you are going to deal with is sensitive and should be kept limited to yourself. Don’t disclose the information anywhere, intentionally or unintentionally. Keep passwords secure.
- What kind of software does bookkeeping involve?
Not all of your clients use the same software. Some of them might use QuickBooks Online and some others may prefer Xero. You should be accustomed with working on both of them ideally. However, a bit of training will get you through.
Online bookkeeping jobs are wonderful for those who love to play with numbers and have a liking for finances or accounts. You as a bookkeeper will prepare reports, analyse expenses, and categorically classify receipts to prepare initial data for deep analysis and accounting later to prepare budgets, manage tax etc.
There are several companies which offer online bookkeeping tasks to qualified and willing candidates. A bit of research will help you choose the best fit. Accuracy and ability to hold confidential data is a must-have for this job. You should also be versed in basic software and bookkeeping software.