Scope of Work

1. Detailed Financial Review

• Evaluate current bookkeeping system and chart of accounts

• Identify missing, duplicated, or miscoded transactions

• Review prior months for inconsistencies and errors

2. Transaction Clean-Up

• Reconcile all bank, credit card, and loan accounts

• Correct misclassified income and expenses

• Record missing entries (invoices, bills, payments, deposits, etc.)

• Organize and categorize all transactions accurately

3. Accounts Receivable / Accounts Payable Correction

• Match outstanding invoices and payments

• Clear undeposited funds

• Update vendor and customer records

• Resolve old balances and discrepancies

4. Year-End Adjustments

• Record depreciation, amortization, and accrual adjustments

• Prepare accurate year-end journal entries

• Align financial statements with CPA/tax requirements

5. Reporting & Documentation

• Provide clean and accurate Profit & Loss and Balance Sheet

• Deliver a summary of corrections made

• Ensure books are fully ready for tax preparation or audit

Deliverables

• Fully reconciled financial accounts

• Corrected and updated bookkeeping file (QuickBooks, Xero, etc.)

• Year-end financial reports

• Clean-up summary documentation

Timeline

Typically completed within 7–21 business days, depending on complexity and volume of transactions.

Ideal For

• Businesses behind on bookkeeping

• Companies preparing for year-end closing

• Clients who need accurate books before filing taxes

• Businesses switching bookkeepers or accounting systems

Optional Add-Ons

• Monthly bookkeeping after clean-up

• Payroll setup or correction

• Sales tax review and filings

• Catch-up bookkeeping for multiple years

• QuickBooks/Xero file optimization and training