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Choose Virtual Bookkeeping Services Carefully

Virtual bookkeeping is a great idea–all the services of a regular bookkeeper without having to actually GO to your bookkeeper’s office–and if you work with Cincinnati-based BookWerks^TM, you get friendly Midwest pricing. But there are some bad actors providing bookkeeping services virtually, who offshore the work and don’t provide support. Some of these firms offer fantastic prices, but beware. If they don’t charge competitive rates for the area in which they are based, they are probably not providing a comparable level of service. Make sure the firm has a sound reputation, good reviews, and is willing to provide references in your industry and geographic area. Check their professional credentials. Make sure the firm will manage your accounts receivable and payable, post debits and credits, reconcile your bank and credit card accounts monthly, provide regular P&L, Balance and Cash Flow statements, and present all the required financials at tax time.