Monthly Bookkeeping

Year- End Clean Up

Get your books accurate, organized, and ready for tax preparation with professional year-end bookkeeping cleanup. This service is designed for businesses with incomplete, outdated, or unreconciled bookkeeping records that need to be brought up to date before filing their tax return.

 

Year-end cleanup may include:

• Reviewing and categorizing uncategorized transactions
• Correcting improperly classified income and expenses
• Reconciling bank and credit card accounts
• Reviewing and correcting balance sheet accounts
• Recording loan principal and interest payments
• Reviewing owner contributions and distributions
• Recording fixed assets and related transactions when documentation is provided
• Reviewing accounts receivable and accounts payable balances, when applicable
• Identifying duplicate or missing transactions
• Reviewing prior-year and opening balances
• Reconciling general ledger accounts

 

Preparing year-end financial statements, including:

• Profit & Loss Statement
• Balance Sheet
• Cash Flow Statement
• Reconciliation Reports

 

The cleanup process is based on the records and supporting documentation provided by the client. Bank and credit card statements, loan documents, purchase agreements, and other documentation may be required to properly reconcile and adjust the accounts.

Please note: Year-end bookkeeping cleanup is intended to prepare your books for tax filing. It does not include tax preparation, tax planning, audit, review, compilation, fraud detection, or advisory/consulting services unless separately agreed upon.

 

Software We Use

We use professional accounting and tax software to provide efficient, accurate, and secure bookkeeping and tax services. Our primary bookkeeping platform is QuickBooks Online, which

 

allows us to manage transactions, reconcile accounts, maintain organized financial records, and prepare financial reports. Depending on the client's needs, we can also work with other

 

accounting platforms.

 

We use professional tax software and secure electronic document-sharing systems for tax preparation and client document management.

 

We work directly within the client's accounting system whenever possible, allowing for efficient collaboration and keeping financial records organized and accessible throughout the year.

 

 

Our Commitment to Your Financial Success