Clean up and Catch up QuickBooks and Xero Bookkeeper

Josephine Ramos

(0)

Starting at

$

20

/hr

About this service

Summary

I offer a complete cleanup and catch-up of your bookkeeping, ensuring accurate, up-to-date financial statements, reconciled accounts, and properly categorized transactions. What makes me unique is the thorough organization of all supporting documents, attention to tax compliance, and actionable insights provided to improve your future bookkeeping processes. This results in fully prepared financial records that are ready for tax filing, audits, or future decision-making.

Process

Initial Consultation & Assessment:
Discuss the client's current bookkeeping situation, challenges, and goals.
Review the existing financial records to assess the scope of cleanup needed.
2. Data Gathering:
Collect all necessary financial documents, including bank statements, credit card statements, invoices, receipts, and previous accounting records.
Get access to the accounting software or financial systems being used.
3. Account Reconciliation:
Reconcile all bank accounts, credit card statements, and other financial accounts to match transactions with the records.
4. Categorization of Transactions:
Review and properly categorize all income and expenses according to the chart of accounts.
5. Correction of Errors:
Identify and correct any misclassified transactions, duplicate entries, or missing data through journal entries.
6. Review and Update Financial Statements:
Generate accurate Balance Sheets, Profit & Loss Statements, and Cash Flow Statements for the relevant periods.
7. Accounts Receivable & Payable Reconciliation:
Reconcile outstanding amounts owed to and by the business and prepare aged reports for clarity.
8. Payroll & Sales Tax Adjustments:
Review and adjust payroll records and sales tax filings to ensure compliance.
9. Close Financial Periods:
Close previous financial periods to prevent further changes to finalized data.
10. Final Review & Reports:
Perform a final review of the books and financial reports for accuracy and completeness.
Organize supporting documents for all entries and transactions.
11. Delivery of Results:
Provide the client with reconciled financial statements, detailed reports, and any insights or recommendations for future bookkeeping improvements.
12. Ongoing Support (Optional):
Offer Advice or continued bookkeeping services to maintain accurate records moving forward.
This process ensures all financial records are accurate, compliant, and up to date.

FAQs

  • Firm vs. Freelancers: Which is more cost-effective for accounting and bookkeeping needs?

    While accounting firms may offer comprehensive services, freelancers provide personalized attention, often at a reasonable cost. Opting for freelancers ensures flexibility, direct communication, and a tailored approach to your business requirements.

  • What benefits can start-ups and small businesses gain from outsourcing accounting services?

    Start-ups and small businesses can benefit from cost savings, access to advanced financial tools, and expert advice. Outsourcing ensures compliance with regulations and allows for scalability as your business grows.

  • What bookkeeping niches and markets do you specialize in aside from Clean Up and Catch Up services?

    In addition to Clean Up and Catch bookkeeping, I bring over 15 years of experience and expertise across multiple industries, including E-commerce, Real Estate, Logistics, and Rental businesses. My ongoing commitment to international bookkeeping courses ensures that I stay updated on the latest industry standards and best practices, allowing me to offer tailored services for each market.

What's included

  • Clean Up and Catch Up Bookkeeper

    The client will receive accurate and up-to-date financial statements, including a Balance Sheet, Profit & Loss, and Cash Flow Statement. All bank and credit card accounts will be reconciled, and the general ledger will be corrected with properly categorized transactions and any necessary adjustments. Reports will show outstanding payments to and from customers and vendors, and payroll and sales tax records will be accurate and ready for tax filing. The chart of accounts will be cleaned up, and past financial periods will be prepared for review and closing by the Accountant. All necessary supporting documents will be organized, and the client will receive a summary of key findings and suggestions for improving bookkeeping practices. This ensures the financial records are accurate, organized, and ready for future use.

Skills and tools

Accountant
Auditor
Bookkeeper
Quickbooks
Xero

Industries

Bookkeeping and Payroll
E-Commerce
Rental Property

Work with me

More services

Clean Up & Catch Up Bookkeeping Services

STARTING AT

$20/hour

hourly rate