TimKeeper
Bookkeeping FAQ

TimKeeper uses QuickBooks Online, exclusively. You retain ownership and control of your books, separate from TimKeeper’s monthly bookkeeping service.

TimKeeper starts at $250 a month for basic bookkeeping. Registrations, payroll, sales tax, 1099s, recurring meetings, bills by volume and invoices by volume, invoice follow-up support can be added on. The QuickBooks Online Subscription is paid separately and controlled by the client.

Standard Reports Included in the Base Package:

1. Income Statement: Last Month vs. Prior Month
2. Income Statement: Monthly Trend
3. Income Statement: YTD 2-Year Comparison
4. Balance Sheet: Monthly Change Report
5. Balance Sheet: Latest Month vs. Prior Year-End

You choose the delivery frequency (weekly, biweekly, monthly) for:

1. Accounts Payable Aging Summary
2. Accounts Payable Aging Detail

This gives you an overview of the current bills to pay (current and overdue).

You choose the delivery frequency (weekly, biweekly, monthly) for:

1. Invoices created
2. Accounts receivable aging summary
3. Accounts receivable aging detail
4. Invoice status statement

This shows what sales took place, which invoices remain unpaid, and whether they were sent out.

I review and reconcile each month’s transactions and send out the financial reports the following month. For example, activity for January is reviewed in February with the financials sent then.

Expedited financial statement delivery is also available, guaranteeing they are received within the first seven days of the month.

Every month you receive financial reports. The monthly breakout view in particular helps you spot gaps in activity or unusual changes.

Shortly after onboarding, we meet to review transaction details and confirm how items are categorized. Additionally, I reach out with questions throughout the year.

I also show you how to use QuickBooks Online to check the books yourself and spot anything that looks off. For example, you can spot when the book and bank balances do not tie or when transactions are still awaiting reconciliation.

You can expect your books to be complete within two weeks.

Yes, TimKeeper is based out of Westfield, New Jersey. Your books are only worked on in the United States and not outsourced overseas.

TimKeeper uses QuickBooks Online, but I do not leave your books to automatic categorization. As a qualified accountant, I enter and verify transactions, reconcile accounts, and check the reports each month.

I recommend ADP. However, I work with other platforms as well.

Start with the quote tool, where you find out if your industry is a fit for TimKeeper and identify your bookkeeping needs. Once you make your selection it will give you an option to schedule a meeting. Here is the link: