Virtual bookkeeping: What it is, how it works, and key benefits

Erik Zhou for Brex

Virtual bookkeeping: What it is, how it works, and key benefits

Managing financial records looks different from how it did a decade ago. Where businesses once relied solely on in-house staff or local accounting firms, companies now use virtual bookkeeping to streamline financial operations while reducing costs.

Instead of having an employee sit at a desk in your office, your virtual bookkeeper accesses your financial information through secure online portals, processes transactions, reconciles accounts, and generates reports from their own workspace. The rise of cloud accounting software, along with remote work, has made virtual bookkeeping services more reliable and efficient than some traditional methods. Businesses can now access specialized expertise without geogr