Catch-Up Bookkeeping is when your accounting software has not been updated for quite some time. You need all (or most) of your expenses and income entered and your bank accounts reconciled.
Typically, some business owners let their books slide for one reason or another and then realize the need for this come tax time. They realize what it will cost for their tax accountant to do the catch-up and are off looking for a more reasonable solution.
That's why we're here! Your dedicated accountant will talk with you about who has handled the books in the past, how far back they will need to be updated and then will get to work. They will provide what I like to call "Functional Bookkeeping." They will enter all expenses and income into their appropriate tax-efficient account in the proper way so you can still benefit from sound financial reports after everything is caught up.
Many times, when your tax accountant gets your books up to date, it is filled with journal entries. This still provides the same numerical outcome...this was spent on expenses and this was received as income...but it's not beneficial for reviewing financial reports or being able to look back on individual transactions.
That's why I like to call our method Functional Bookkeeping, because you can still go back and review the data as if it was there all along.
What we will do for you:
- Setup or connect to your accounting software
- Connect to your bank account
- Enter all necessary data
- Reconcile all bank accounts back to when they were done last
What to expect after you purchase this service:
- You will immediately receive an emailed receipt regarding your purchase
- You will receive another immediate email letting you know we received your order and will be in contact with you by the next business day
- With the phone number you provide at checkout, your dedicated accountant will call you by the next business day to get started
- As soon as we receive the necessary information to get started on providing you excellent service, we will get started!
- GUARANTEE: If you provided your valid phone number at checkout and you don't receive a call from us by the next business day, the first month of your service is fully refundable.