Thulin Bookkeeping

We offer a full suite of remote bookkeeping services.  Whether you are just getting started or you have an established business.  We can offer both regular ongoing bookkeeping services and irregular one-time services.

Most common bookkeeping services:

• Chart of Account (COA) Setup
• Data Entry
• Recording Transactions
• Account Reconciliation
• Payroll Services
• Cleanup Services
• Financial Reporting
• Loan Setup
• Accounts Receivable Support
• Accounts Payable Support
• Sales Tax Filings

Thulin Bookkeeping is physically located in Sioux Falls, SD; however, as your virtual bookkeeper we provide remote bookkeeping services across the entire country.

Whether you are a sole-proprietor, a small family-owned business, or a sizable company with a large footprint.  We work with a variety of business clients looking for remote bookkeeping services.  We provide solutions to meet a variety of needs, no matter how challenging they are.

While anything is possible, we specialize in providing virtual bookkeeping services so we can work with clients across the country.

Yes.  It is usually easier if we manage the payroll for you, but we can also offer support while you manage your own payroll.

Yes.  Cleaning up accounts which were improperly set up and/or maintained is one of our most common services.  We typically go back as far as your last tax filing and clean up all accounts, but we can provide more or less extensive cleanup services depending on your needs.

Billing is based on the specific needs of each client.  No two businesses are alike, and their needs vary just as much.  Our pricing schedule takes into consideration all aspects of your business and its unique requirements.  As a result, we provide a written pricing agreement after completing a free consultation.

No.  We never charge for anything without fully communicating it in writting first and getting our client’s written approval.

Billing is arranged when services are contracted.  Usually, payments are schedule online with signed approval.

The accounting software we use is hosted on secure servers by the software companies themselves.  We utilize regularly updated security software, and we integrate systems and processes to ensure secure connections.

We are certified QuickBooks ProAdvisors.  While we prefer QuickBooks for its versatility and scaleability, we can work with many other platforms such as Xero, FreshBooks, Wave, etc.  Let us know if you have a preference and are interested in working with us.

As needed, and depending on how sensitive the information on the documents is, we use email and secure online sites to share financial information.

Your involvement will vary depending on what services you engage us for.  Typically, you will be involved more as we get started and set things up.  Following the onboarding process, most contact will be through scheduled communication which we agree on during that process.

Double-entry bookkeeping is a system where every financial transaction is recorded in two accounts: one as a debit and the other as a credit. This method ensures that the accounting equation (Assets = Liabilities + Equity) stays balanced. For example, if you purchase equipment with cash, you debit the equipment account (increase in assets) and credit the cash account (decrease in assets). This approach helps prevent errors, provides a complete financial picture, and ensures accurate financial reporting.

A profit and loss statement (P&L), also known as an income statement, shows a company’s revenues, expenses, and profits or losses over a specific period. It reflects how much money the business made or lost during that time, helping to assess profitability.

A balance sheet, on the other hand, provides a snapshot of a company’s financial position at a specific point in time. It lists assets, liabilities, and shareholders’ equity, showing what the company owns and owes, and the net worth at that moment.

In summary, the P&L shows performance over time, while the balance sheet shows financial health at a given point.

While we typically provide clients with reports on a monthly basis, they can be pulled at any time.  We can set up a schedule based on your specific needs.

Schedule a free consultation today so we can discuss your specific needs and if we are a good fit to help you reach your goals.  There is no obligation.  We only ask for your email and your phone number, both of which are used only for consultation.