Clean-Up and Catch-Up Services
Starting at
$
1,200
About this service
Summary
FAQs
Why is a cleanup necessary?
A cleanup ensures that your financial records are accurate, up-to-date, and ready for tax reporting. It prevents costly mistakes, helps with better decision-making, and ensures compliance with tax regulations.
What does a typical cleanup involve?
It includes reviewing the chart of accounts, correcting duplicate or miscategorized transactions, reconciling bank and credit card accounts, fixing payroll issues, and adjusting opening balances and balances carried forward.
How do I know if my QBO/ Xero account needs a cleanup?
Signs that you need a cleanup include discrepancies in your bank reconciliations, incorrect or missing transactions, duplicate entries, inconsistent balances, or inaccurate financial reports.
How long does a cleanup take?
The time required for cleanup depends on the complexity of your records, ranging from a few hours to several weeks.
What's included
Correct Opening Balances
Ensure that all starting balances are accurate for a smooth reconciliation.
Correct Chart of Accounts
Organize your chart of accounts to match your business needs.
Categorize Transactions
Ensure transactions are categorized correctly for tax and reporting purposes.
Reconcile Accounts
Reconcile bank accounts, credit cards, loans, and other financial statements.
Run Financial Reports
Generate updated financial statements, including Profit & Loss and Balance Sheets, to ensure accurate reporting and provide a clear overview of your business finances.
I'm Here for You
I’m here to address any questions or concerns you may have along the way.
Duration
4 weeks
Skills and tools
Financial Advisor
Bookkeeper
Account Manager
Microsoft Excel
Quickbooks
Xero
Industries