VIRTUAL BOOKKEEPING SERVICES FOR BUSINESSES
IN THE CONNECTICUT RIVERY VALLEY & BEYOND

Bookkeepers ensure that all of a company's expenses, income, and transactions are recorded in the company's books and reconcile the company's financial accounts, typically on a monthly basis. Bookkeepers also help with financial statement and financial report preparation.

It can be done by a remote, but local, bookkeeping company or it can be done from anywhere in the world by a remote, virtual bookkeeping company. Outsourced bookkeeping services provide the same services as traditional bookkeepers, but often can accomplish more and offer a host of other benefits.

While there are some tax preparers who will also do your day-to-day bookkeeping for you, it is generally considered a best practice to separate duties between a bookkeeper and a tax preparer, because the job of a bookkeeper is much different than what is required of the tax preparer.

While it may be advantageous to have everything in one place, from the standpoint of only having one person to work with, there are far greater disadvantages to having one person handle both your bookkeeping and tax needs. The tax preparer is generally not an expert in bookkeeping, as they are spending most of their time on tax returns throughout the year, focusing mainly on the rules and regulations regarding tax law. Further, they normally charge more for bookkeeping services, while their efficiency is geared towards tax returns.

On the other hand, the bookkeeper is typically more detailed in nature, and provides timely reports throughout the year that will help the business owner understand how their business is doing, so they can grow their company and increase profitability.

By leveraging the skills of both professionals, you will have two people working on your account who are each experts in their field, providing you the best bookkeeping and tax services possible. Having two experts in your corner creates a system of checks and balances for your accounting records.

The Intuit QuickBooks ProAdvisor program trains accounting and bookkeeping professionals in the use and administration of QuickBooks for a wide variety of clients working in a wide variety of industries. Once certified, bookkeepers and accountants are prepared to provide clients with QuickBooks management services, including training and ongoing support. Additionally, certified ProAdvisor's have greater access to support on QuickBooks issues direct from the software manufacturer Intuit.

Intuit, the manufacturer of QuickBooks Software, also requires the Pro-Advisor to take a test every year in order to verify they are up to date with all of the changes in the latest version. The QuickBooks Pro-Advisor is also provided with a version of QuickBooks that allows them to work more efficiently with the software. This version offers greater functionality than what is available with the Retail version of QuickBooks.

Outsourcing of finance and accounting is a long-standing tradition in business, because it makes good business sense and because it is economically beneficial. Outsourcing bookkeeping saves you money in payroll taxes, insurance and other benefits, overhead for office space and machinery, and in down time.