Some Things to Consider...
Why You Need Tidy Financial Data
-
Compliance
-
Early Problem Detection
-
Investor & Lender Credibility
-
Stress Free Tax Filing
-
Less Surprises & Fees Around Taxes
-
Cash Flow Forecasting
-
Insight Into Where Money Is Going & Being Wasted
-
Timely Collection Efforts
-
Informed Decision Making
-
Less Confusion & Emergences Around Daily Operations
When Clean Up/Catch Up May Be Crucial
-
You have had rapid growth & the bookkeeping has not kept up
-
Restructuring or Seeking Investors
-
Your Accounting Reports Never Match The Math You Keep Running In Your Head
-
Your Books are Extremely Behind or Riddled with Incorrect Info
-
They Have Not Been Reviewed for Accuracy or Compliance in Sometime
-
You have changed bookkeepers or accounting systems
-
Most Things Are Reactive In Your Accounting Department
-
Your Financial Repots Do Not Agree With Your Statements
-
You have missing transactions & errors in classifications
-
A Feed or Outsourced Program has created duplicates & misclassifications
-
You have a pending tax deadline
-
You are migrating accounting software & would like historical data to migrate as well
Focus Areas o a Clean Up & Catch Up Project
-
Bank and credit card reconciliation – Current & Historical
-
Error/Duplicate Correction
-
Recording Missing Transactions
-
Posting Entries Into Balance Sheet
-
Fixed Asset & Depreciation Audit
-
Inventory Review
-
Chart of accounts review
-
Audit Accounts receivable and accounts payable
-
Review for compliance
-
Generating Historical Financials
-
Reviewing Results w/ CPA for Filing/Refiling Needs