Bookkeeping Clean-Up
Before we clean up your books, we offer a free review of your:
Bookkeeping Software
Are you using the best bookkeeping software at the best price? We may even have recommendations for moving to a different version of your existing software based on your industry to provide better insights.
Confirm that transaction types and reporting basis are being used correctly.
Determine if changing preferences will lead to better usage and reporting.
Perform other general database performance checks and note any potential issues.
Balance Sheet
Month-over-month comparison to determine material variances that could indicate an issue.
Check that accounts are being reconciled and used properly.
Confirm balances shown on the balance sheet are current and tie-out to different sub-schedules.
Review the overall structure of the balance sheet for improvements that could be made to formatting leading to better visibility with reporting.
Profit & Loss
Month-over-month comparison to determine material variances that could indicate an issue.
Look at how items are being used and possibly leading to inconsistent gross profit margins.
Review the overall structure of the income and expense accounts for improvements that could be made to formatting leading to better visibility with reporting.
Comprehensive Bookkeeping Cleanup Services
At SnapBooks, our Bookkeeping Cleanup Services are designed to restore accuracy, clarity, and organization to your financial records. Whether you’re preparing for tax season, seeking to improve decision-making, or addressing past inconsistencies, we take a thorough approach to get your books back on track.
Here’s what our cleanup process includes:
Correct Bank Feed and Data Entry Errors: Resolve duplicate or missing transactions and ensure all data is accurately recorded.
Reconcile Bank and Credit Card Accounts: Undo and re-reconcile accounts to align with statements, ensuring every transaction is accounted for.
Clear and Match Undeposited Funds: Eliminate discrepancies by matching undeposited funds to actual bank deposits.
Organize the Chart of Accounts: Streamline your financial categories for logical organization and accurate reporting.
Fix Vendor and Customer Records: Remove duplicates, reconcile outstanding invoices, and address unapplied payments or credits.
Document Fixed Assets and Liabilities: Properly record your business’s loans, related interest expenses, and fixed or current assets.
Adjust Payroll Records: Verify payroll transactions, reconcile liabilities, and correct any errors in tax withholdings.
Categorize Income and Expenses: Ensure all transactions are classified correctly for better reporting and compliance.
Prepare Financial Reports: Deliver updated and accurate financial statements, including Profit and Loss, Balance Sheet, and Cash Flow reports.
Ensure Tax Readiness: Organize and prepare records to simplify tax filing, identify deductions, and prevent penalties.
Our meticulous cleanup process goes beyond fixing errors—it lays the foundation for better financial management, compliance, and future growth. Let SnapBooks transform your books into a tool for success.
Once the cleanup is completed, we will schedule a 1-hour meeting with the business owner to review financial reports. Contact us today to get started!
As a business owner, taking care of the endless paperwork, receipts, and pay stubs can be overwhelming.
If your company’s finances have fallen by the wayside, you’re not alone. We get it, and we’re here to help you get back on track.
Instead of searching through your filing cabinet or a stack of manila file folders piled high in the corner of your desk, we will organize your books so you can quickly find the information you need and know each month where your finances stand.
Small business owners do it all, but you don’t need to. We have seen the worst messes you can imagine and we are never intimidated. We want to help you clean up your books and breathe a sigh of relief.
