Our most basic service is tailored for small business owners who need an experienced bookkeeper to handle their monthly reconciliations. This service only involves reconciling your bank, credit card, and loan statements. No additional services are included.
Why Are Reconciliations Important?
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 such as:
- Duplicate or Missing Transactions: Early detection of these errors ensures that your financial records remain complete and accurate.
- Miscategorized Transactions: Correctly categorizing transactions ensures they appear in the correct section on the correct financial statement, greatly aiding in evaluating business performance.
- 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 hurt your profitability.
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 A/P and A/R but just need someone to make sure their accounts reconcile when it’s all said and done.
Need More Help with Your Books?
If your books are presenting you with additional problems beyond reconciliations, please consider our Cleanup service for a more comprehensive solution to get your financial records back on track.
