Do you like choice? I hope so, because we’ve just listed a few of the different ways we service our clients. But don’t worry it’s not that complicated and there is a method to the madness of the numerous service methods.
The way you get your bookkeeping done logistically depends on many factors like your internet connection, if you like face-to-face interaction with your bookkeeper or asynchronous communication where you don’t have to be in the same place at the same time working on the accounts datafile.
By far the trendiest way to say you have your bookkeeping and accounts done over the internet is to say your accounting is in the cloud. If your head is already lost dreaming, then you need to read more about cloud bookkeeping to keep your feet firm on the ground.
This term has stuck from when all computers were connected to the internet via a phone ‘line’ or cable. So online bookkeeping may be the older brother to cloud bookkeeping.
This was the short-cut route to cloud bookkeeping. But it comes with its limitations and many may say it is not a ‘true’ cloud solution. Find out if hosted bookkeeping is all you need.
This comes from the virtual assistant idea where one could say that a bookkeeper is working as if they’re virtually in the office. The employer just has to make sure that the virtual bookkeeper is actually working.
Remote bookkeeping may not necessarily use a live datafile over the internet. In fact, remote bookkeeping could be done at an office distant to where the business is located.
Like remote bookkeeping, offsite bookkeeping is not done at the business premises. However, the offsite bookkeeping is likely to be done in the same city or suburb as opposed to remote bookkeeping which could be done a long distance away from the business (eg interstate).
When the bookkeeper goes on the client site, it is called onsite bookkeeping. This has some advantages and disadvantages that will be discussed further.
We love local bookkeeping because we can easily see our clients face-to-face and we can go to a place together. The talent pool for local services may be limited, however the personal touch goes a mile.
When the business owner decides not to do the bookkeeping nor have anyone else in the team do it, then they must source other means ‘out’-side of their organization. Most times outsourcing makes sense – but not always.
Business Process Outsourcing (BPO)
The BPO industry is booming. It’s where a whole process is outsourced rather than just specific tasks. This can add reliability and efficiency. However, in certain circumstance the value gained in these areas is quickly eroded away by the lack of understanding, professional approach or communication.