You are behind in keeping your financial matters straight. It is likely you haven’t reconciled your bank and credit card accounts for months. Managing your QuickBooks file really hasn’t been a priority and likely you aren’t sure where to start.
We recommend a concise approach by starting with a Quick Audit to identify what is required to catch up your books. We routinely use a Quick Audit to determine what items are outstanding and identify incorrect or missing information from a QuickBooks file. More on performing a Quick Audit here.
Best practice dictates catching up your books one month at a time. Below are a few typical items performed in a catch-up by month:
After performing catch-up bookkeeping, you will have accurate information to generate financial statements, prepare budgets, and of course, file taxes.
Catching-up your bookkeeping can be complicated and time consuming. Let us help you – we have a lot of experience. Be ready for taxes and have a 2021 budget ready before the hectic holiday season.