Book Cleanup Service

Service Description

* Assessment Phase: . Initial Consultation: Discuss bookkeeping status, challenges, and objectives. . Document Collection: Gather financial documents like bank statements and invoices. . Review of Existing Data: Assess accuracy of financial records, identifying discrepancies. * Cleanup Phase: . Data Entry and Reconciliation: Enter missing transactions and reconcile accounts. . Classification of Transactions: Categorize transactions, correcting misclassifications. . Bank Reconciliation: Reconcile bank and credit card statements. . Accounts Receivable/Payable Cleanup: Review and reconcile outstanding invoices and payments. . Adjustments and Corrections: Correct errors like duplicate entries and incorrect postings. . Inventory and Payroll Cleanup (if applicable): Audit inventory records and review payroll records. * Reporting and Documentation: . Financial Statement Preparation: Generate financial statements including balance sheet and income statement. . Detailed Transaction Reports: Document cleanup activities and adjustments. . Summary of Findings: Highlight key findings and recommendations. * Client Collaboration: . Regular Progress Updates: Provide updates on the cleanup process. . Client Review and Feedback: Solicit feedback to ensure alignment with expectations. . Client Training (Optional): Offer training on bookkeeping practices. * Finalization Phase: . Review and Validation: Conduct a final review for accuracy. . Client Approval: Obtain approval of finalized records and reports. . Transition Planning: Develop a plan to hand over updated records. * Deliverables: . Updated Financial Records: Cleaned and reconciled records for the one-year period. . Financial Statements: Accurate financial statements including balance sheet and income statement. . Detailed Reports: Documentation of cleanup activities and corrections. . Summary Report: Summary of findings and recommendations. * Timeline: The cleanup process is estimated to take approximately 4 weeks. Note: This scope of work is customizable based on client needs. Additional services can be incorporated as needed for an additional fee.

Contact Details

• 1314 East Las Olas Boulevard, Fort Lauderdale, FL, USA