Common Bookkeeping Responsibilities Document and categorize transactions, including income and expenses. Manage a company's finances via business accounting software, such as QuickBooks or Xero. Assess a company's cash flow. Prepare financial statements, such as balance sheets and profit and loss statements.

A virtual bookkeeper might be an independent freelancer, a remote bookkeeping firm, a service offered by an accounting firm, or an in-house bookkeeper working remotely. No matter how they're provided, the key to bookkeeping services is providing the information that's needed to keep the company's finances up to date.