What is Outsource Bookkeeping?
Outsource bookkeeping is when an independent contractor bookkeeper performs bookkeeping services at his or her place of business. Outsource bookkeepers are generally full-charge bookkeepers meaning they Process sales and receipts, purchases and payments, bank and credit card reconciliation, account adjustment, general ledger maintenance, financial statements. They require report preparation knowledge, skills, and experience.

What is Freelance Bookkeeping?
Freelance bookkeeping is when an independent contractor bookkeeper performs bookkeeping services at the client's place of business. The level of the freelance bookkeeper's knowledge, skills, and experience depends on the needs of the client.

For example, a client may engage an entry level freelance bookkeeper to process sales and receipts, purchases and payments, reconcile the bank and credit card accounts, and work with the client's CPA or CPB.

A client may also engage a full-charge freelance bookkeeper to process sales and receipts, purchases and payments, reconcile the bank and credit card accounts, make account adjustments, maintain the general ledger, and prepare financial reports, budget Analyst, process payroll, 1099, and sales tax.