A virtual bookkeeper handles your bookkeeping remotely—they may not be in your town or even your time zone. All communication and financial document storage is handled within bookkeeping software. Your virtual bookkeeper categorizes your transactions and prepares financial statements for your business.

Ultimately, assess whether bookkeeping aligns with your long-term goals and passions within the accounting and finance field. If you're someone who enjoys number-crunching, keeping things organised, being detailed, using bookkeeping software, and talking to clients, you might just be a bookkeeper in the making.

Hourly billing is the traditional and most straightforward way bookkeepers charge: you set your rate per hour based on your fixed costs and desired profit margin, then, however many hours it takes you to complete the work, that's the fee.