Reconcile
Our most basic service is tailored for small business owners who need an experienced bookkeeper to handle their monthly reconciliations. This package focuses on the essentials, including reconciling your bank, credit card, and loan statements. No additional services are included in this option.
The Importance of Consistent Reconciliations
Maintaining accurate financial records is essential for any business, and consistent monthly reconciliations play a key role in achieving this. Regular reconciliations help to:
- Identify and Resolve Common Issues:
- Duplicate or Missing Transactions: Early detection of these errors ensures that your financial records remain complete and accurate.
- Miscategorized Transactions: Correctly categorizing transactions is vital for producing accurate financial statements and gaining insightful financial analysis.
- Loan Payments Not Applied Correctly: Misallocating loan payments between interest and principal can lead to discrepancies in your loan balances.
- Credit Card Payments Not Recorded Correctly: It’s important to record credit card payments accurately as repayments of liabilities, not expenses, so they don’t affect your income statement.
By promptly addressing these problems, you can prevent them from negatively impacting your financial statements, giving you a clearer picture of your business’s financial health.
Is This Service Right for You?
This service is ideal for small business owners who have established systems and processes for handling their own accounts payable and accounts receivable. If you’re confident in managing these aspects internally, this package offers the right level of support without unnecessary extras.
Need More Help with Your Books?
If your books aren’t in pristine condition, consider our Cleanup service for a more comprehensive solution to get your financial records back on track.
Our Platforms
We primarily work with QuickBooks Online, the preferred choice for most of our clients. Additionally, we’re expanding to support clients using Wave Accounting. This enables us to offer virtual (remote) bookkeeping services without the need to dial into your computer, making the process seamless and efficient.
