Bookkeeping and Accounting
There’s a big difference between bookkeeping and accounting. Bookkeeping is cash basis reporting – money in and money out. This method doesn’t show you the true economic picture of your business.
Accounting uses “accruals” to record the income earned, regardless of when you invoice the client, and “matches” the expenses in the period they were incurred, regardless of when you pay the bill.
Access the Financial Intelligence You Need to Grow Your Business.
We will make sure you get the advanced reports you need based upon your industry and business, and provide a KPI Dashboard that gives you actionable insight into your financial world. Your team is dedicated to your business and the Accounting Manager provides weekly and monthly financial insight based upon your scope and needs. You will always have access to the financial intelligence you need to grow your business.
What you get
Cloud based bookkeeping services allow you to begin where you need us to help, and add on when or if the time arises. You can customize our services by choosing which tasks you want to perform internally and which tasks you want to outsource to TBS
When do you need a bookkeeper?
Getting your financial processes set up as soon as you start your business is one of the best things you can do as a business owner. Due to this, we should be one of the first people you hire.
In the start-up phase of your business, you may only need us for a few hours a week.
Beyond an initial consultation with us to set up the legal and tax structures of your business, we will look after the day-to-day running of your business.
How we would work together.
Whether you prefer to communicate via email, text message or phone call is something you should discuss with your us.