Understanding What a Bookkeeper Is and Why Your Business Needs One

Please reach out to us at info@TSFinancialServices.com if you cannot find an answer to your question.

A bookkeeper is a professional who manages the day-to-day financial records of your business. They ensure that your transactions are recorded accurately, your accounts are kept up to date, and your financial information is organized. This allows you to focus on running your business while having a clear picture of your financial health.

Unlike accountants, who analyze financial data and prepare tax returns, bookkeepers are responsible for the groundwork. They handle tasks such as reconciling bank statements, managing accounts receivable and payable, and preparing financial reports. Having a bookkeeper can help you make informed business decisions, reduce stress around finances (because we have enough stress in our lives!), and improve the overall organization of your business operations.

Frequently Asked Questions (FAQs) 

To help you better understand the role of a bookkeeper and how TS Financial Services can support your business, we’ve answered some common questions below:

To help you better understand the role of a bookkeeper and how TS Financial Services can support your business, we’ve answered some common questions below:

What can I expect during the initial consultation with TS Financial Services?

What can I expect during the initial consultation with TS Financial Services?

What can I expect during the initial consultation with TS Financial Services?

What can I expect during the initial consultation with TS Financial Services?

During the initial consultation, we will discuss your specific business needs to understand how we can best assist you. We’ll gather the necessary financial information and provide a customized quote for our services within 48 business hours. This consultation is an opportunity for us to learn about your business goals and for you to ask any questions you may have about bookkeeping services.

During the initial consultation, we will discuss your specific business needs to understand how we can best assist you. We’ll gather the necessary financial information and provide a customized quote for our services within 48 business hours. This consultation is an opportunity for us to learn about your business goals and for you to ask any questions you may have about bookkeeping services.

How soon can I expect a response after submitting a contact request?

What can I expect during the initial consultation with TS Financial Services?

How soon can I expect a response after submitting a contact request?

How soon can I expect a response after submitting a contact request?

We understand that your time is valuable. Once we receive your contact request, you can expect to hear back from us within 24-48 business hours. We prioritize prompt communication to ensure your questions are answered and your needs are addressed efficiently.

We understand that your time is valuable. Once we receive your contact request, you can expect to hear back from us within 24-48 business hours. We prioritize prompt communication to ensure your questions are answered and your needs are addressed efficiently.

What bookkeeping services does TS Financial Services offer?

What can I expect during the initial consultation with TS Financial Services?

What bookkeeping services does TS Financial Services offer?

What bookkeeping services does TS Financial Services offer?

TS Financial Services provides comprehensive bookkeeping services, including:

  • Transaction Recording: I record all your financial transactions to keep your accounts accurate.
  • Accounts Payable & Receivable Management: I track your business’s money flow, ensuring that bills are paid on time and invoices are sent out.
  • Bank Reconciliation: I regularly compare your business’s financial records with bank statements to ensure accuracy.
  • Financial Reporting: I prepare reports such as profit and loss statements, balance sheets, and cash flow statements to give you insights into your financial status.
  • Payroll Services: I manage payroll processes for businesses of all sizes, ensuring employees are paid accurately and on time.
TS Financial Services provides comprehensive bookkeeping services, including:

  • Transaction Recording: I record all your financial transactions to keep your accounts accurate.
  • Accounts Payable & Receivable Management: I track your business’s money flow, ensuring that bills are paid on time and invoices are sent out.
  • Bank Reconciliation: I regularly compare your business’s financial records with bank statements to ensure accuracy.
  • Financial Reporting: I prepare reports such as profit and loss statements, balance sheets, and cash flow statements to give you insights into your financial status.
  • Payroll Services: I manage payroll processes for businesses of all sizes, ensuring employees are paid accurately and on time.

Does TS Financial Services offer payroll services?

What can I expect during the initial consultation with TS Financial Services?

Does TS Financial Services offer payroll services?

Does TS Financial Services offer payroll services?

Yes, we provide payroll services to help businesses manage employee compensation smoothly. We ensure that payroll is processed accurately, including the calculation of wages, tax withholdings, and any additional deductions.
Yes, we provide payroll services to help businesses manage employee compensation smoothly. We ensure that payroll is processed accurately, including the calculation of wages, tax withholdings, and any additional deductions.

Does TS Financial Services provide tax preparation services?

Does TS Financial Services provide tax preparation services?

Does TS Financial Services provide tax preparation services?

Does TS Financial Services provide tax preparation services?

While we do not offer tax preparation services, we do provide end-of-year financial reports that can be used for tax filing. If you need assistance with tax preparation, we can recommend trusted partners who specialize in this area.
While we do not offer tax preparation services, we do provide end-of-year financial reports that can be used for tax filing. If you need assistance with tax preparation, we can recommend trusted partners who specialize in this area.

Why is bookkeeping important for my small business?

Why is bookkeeping important for my small business?

Why is bookkeeping important for my small business?

Why is bookkeeping important for my small business?

Proper bookkeeping is essential for maintaining financial health, planning for growth, and meeting legal requirements. It provides you with a clear view of where your money is going, which helps you make informed business decisions and ensures you are prepared for tax time. A good bookkeeping system can also make it easier to secure funding or investments.
Proper bookkeeping is essential for maintaining financial health, planning for growth, and meeting legal requirements. It provides you with a clear view of where your money is going, which helps you make informed business decisions and ensures you are prepared for tax time. A good bookkeeping system can also make it easier to secure funding or investments.

What is the difference between bookkeeping and accounting?

What is the difference between bookkeeping and accounting?

What is the difference between bookkeeping and accounting?

What is the difference between bookkeeping and accounting?

Bookkeeping involves recording daily financial transactions, such as sales and expenses, while accounting focuses on analyzing that data to generate financial insights and prepare tax documents. Think of bookkeeping as the foundation of financial management, with accounting building on that foundation.
Bookkeeping involves recording daily financial transactions, such as sales and expenses, while accounting focuses on analyzing that data to generate financial insights and prepare tax documents. Think of bookkeeping as the foundation of financial management, with accounting building on that foundation.

Can TS Financial Services help with budgeting and forecasting?

Can TS Financial Services help with budgeting and forecasting?

Can TS Financial Services help with budgeting and forecasting?

Can TS Financial Services help with budgeting and forecasting?

Yes, I offer budgeting and forecasting services as part of our bookkeeping packages. By analyzing your financial records, I can help you create realistic budgets and project future financial trends to guide your business strategy.

Yes, I offer budgeting and forecasting services as part of our bookkeeping packages. By analyzing your financial records, I can help you create realistic budgets and project future financial trends to guide your business strategy.

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Are you ready to take the next step for your business financials? 

At TS Financial Services, I understand that as a woman entrepreneur, your business is more than just a job—it’s your passion, your livelihood, and a reflection of who you are. That’s why I believe every business deserves customized financial services that fit its unique needs. Whether you’re just starting out or running a well-established company,

At TS Financial Services, I understand that as a woman entrepreneur, your business is more than just a job—it’s your passion, your livelihood, and a reflection of who you are. That’s why I believe every business deserves customized financial services that fit its unique needs. Whether you’re just starting out or running a well-established company,

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