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Get To Know About Onsite and Offsite Bookkeeping Service

Generally, small and medium businesses prefer to get their work done by a bookkeeping firm instead of hiring a full time bookkeeper. A bookkeeping firm usually provides two kinds of services that include Onsite bookkeeping services and Offsite bookkeeping services.

In case of onsite bookkeeping service, a bookkeeper goes to work in the business place. Although it is similar to hiring a full time bookkeeper, there are slight differences. In this case, the bookkeeping firm sends a bookkeeper to the client's office. The best part about onsite bookkeeping service is that, you can hire a book keeper only for the days you need. If you are not satisfied with the services being provided, you can ask the firm to send you another book keeper. Moreover, you need not bother about employee benefits. You can directly pay to the bookkeeping firm. There is no paycheck involved. However, there are some disadvantages in onsite bookkeeping too. Some bookkeeping firms have minimum service purchase requirement. That is you would have to avail the services for at least certain number of days per week to be able to get onsite service. Since your onsite bookkeeper is not working on a full- time basis, there are miscellaneous activities such as collecting invoices and bills.

On the other hand, in case Offsite bookkeeping service, the bookkeeping firm does not dedicate any resource to work in the client’s office. This kind of service is also defined as virtual bookkeeping service. The bookkeeping firm is away from your business location. You need to send documents such as invoices, bills, bank statements to the bookkeeping firm. This is a cost effective service as compared to onsite bookkeeping service.

When you are opting for offsite bookkeeping service, confirm the services being offered. Some firms provide monthly reports while others prepare your annual reports. Also check out the software that the bookkeeping firm uses.