1. Initial Review: Assess current bookkeeping records to identify issues like miscategorized or missing entries.
2. Reconcile Accounts: Match bank and credit card transactions to financial statements, correcting discrepancies and missed transactions.
3. Clean Up Chart of Accounts: Ensure all accounts are correctly categorized and organized for accurate reporting.
4. Correct Transactions: Review and fix miscategorized or incomplete transactions, ensuring all expenses and income are properly recorded.
5. Accounts Receivable/Payable: Clear up old, unpaid bills or uncollected income, and ensure all receivables and payables are accurate.
6. Payroll & Tax Records: Verify payroll entries and tax payments, ensuring they align with financial records.
7. Financial Statements: Generate accurate profit & loss, balance sheets, and cash flow statements.
8. Software Optimization: Streamline accounting software settings and automate processes for efficiency.
9. Process Improvement: Establish better bookkeeping practices for ongoing accuracy.
10. Ongoing Support: Set up regular reporting and offer follow-up guidance for maintaining clean records.