I keep your financials up to date which frees you to do more great work in and away from your business.
Every Month:
During the first month, in addition to the ongoing bookkeeping services, I will provide cleanup services that optimally start from the date of your last business tax return through the end of the calendar month of first sign-up to my bookkeeping services. The services provided during the first month are as follows, as applicable: update bookkeeping based on information you provide; connect bank and credit cards; categorize and update transactions retroactively up to three months (however, optimally I recommend up until the last tax-filing date); reconcile bank and credit card accounts with past statements, as provided by you; reconcile remaining balance sheet accounts; and run a summary report of work completed, and profit loss statement of YTD for cleanup period(s).
I cannot begin cleaning up your past books until I receive the required supporting documentation, which I will request from you after our first meeting. Once I receive all the necessary documentation, I will typically complete your cleanup within 30 days. In some cases, your cleanup may take longer depending on timeliness of documentation and the complexity of your books.
During each subsequent month, ongoing bookkeeping services include: Setup of customers and vendors, assistance with reports and reporting tools, setup of chart of accounts, assistance with bank connections, expense type classification, categorization, and reconciliation based on information you provide, importing of historical data, and ongoing assistance with bookkeeping practices.
In summary, every month I categorize your income and expenses for last month, reconcile your bank accounts, and get in touch about any questions. Depending on the volume, I also prepare a report of your business finances monthly, quarterly or each trimester.
Every Year:
Tax-ready books: At the end of the financial year, I take pride in making sure that you and your accountant have absolutely everything you need to complete your annual tax return smoothly and on time. As well as providing you with a comprehensive digital package, your accountant may access your Quickbooks/Xero file and adjust it directly.
My bookkeeping services do not include tax preparation services or assistance with tax preparation, or assurance services. Consult a tax preparer for tax advice related to the preparation of your tax return. The Cleanup service is from the date of your last business tax return through the end of the calendar month you signed-up for my bookkeeping services.
Get in Touch:
As your bookkeeper, I will provide as much help I can offer based on the information you provide. It’s normal to have questions about your books. That’s why I am here. Whenever you have a question, simply call or email me and I will respond immediately or within two business days if I have to research the answer.