If your books are behind, messy, inconsistent, or split over multiple spreadsheets, this is where we come and fix it.
Clean-up bookkeeping is a onetime engagement where we go through the financials of the business for an agreed upon scope period and return with accurate and useable financials.
Post-engagement you will have clean starting numbers, reliable reports and are ready for ongoing bookkeeping with us or with someone else.
Bookkeeping Cleanup & Risk Areas Assement
Where might you see the issue?
Bank account balance per accounting systems are not equal to the bank statement balances.
Revenues over or under reported, especially in cases where a business offers customers the ability to prepay or enter a deposit for work before the work is completed.
Payroll recording and payroll liabilities - Endlessly growing payroll liabilities even though taxes have been paid.
Inventory and cost of goods sold record keeping
Why it matters:
If prior months are off, this month is off.
difficult to make financial decisions due to a lack of clarity in the financial statements
Lowers risk if a third party wishes to inspect the records
Highlights additional risk areas you may not have been aware of in your business
What we can do:
Review the financials for accounts whose balances seem unreasonable.
Present as reported pre-engagement financials
Prepare corrective entries and post them to your accounting system
Present post-engagement financials
Document areas of concern that were out of scope of the engagement - for example, if payroll liabilities were growing, we may walk away with payroll tax compliance concerns - we will let you know and you can decide if you want us to dig deeper.
Offer ongoing support to ensure that records stay clean by answering your questions.
Prepare a detailed executive summary describing initial problems, findings, solutions and areas of concern
