End Of Year Tax Prep / Catch Up

Multiple Years Behind

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Software or No Software

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QuickBooks Cleanup

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Software Integrations

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Multiple Years Behind · Software or No Software · QuickBooks Cleanup · Software Integrations ·

What Is The Process For Multiple Years Catch Up On Bookkeeping?

To catch up on end of year tax prep there are many important things you need to get started :

  1. Bookkeeping goals and overall objective of what you would like to accomplish.

    Example : I need to set up a system or cleanup current so that I can receive profit and loss or cash flow reports.

  2. Bank Statements and Credit Card Statements.

  3. List of Employees and/or 1099 Contractors (Any 1099 E-filing Paperwork)

  4. Tracking of Owner Investments and Disbursements. Partnership agreements if applicable.

  5. Pull any cash receipts, expenses paid on personal accounts by mistake or reimbursement receipts.

  6. Any loans or asset payments that will show up on bank statements to be reconciled and added to balance sheet.

  7. VERY IMPORTANT : Accounting for any deposits that are not income! You do not want to pay taxes on non taxable income! Many deposit capital, personal money to cover expenses and loans received right along side taxable income.

  8. Blind spots :

    Checks without images on bank statement or non legible payee information, no bank memo showing what it is for.

    Money moved around through checks or cash deposits. Transfers are always the best way to move money around as it will show it came directly from owner account into the business. If you deposit cash or check, it is difficult to track or find.

  9. Payroll or Merchant Reports if needed for breakdown classifications.

  10. Any other assets or income such as commissions, investments, rental properties where the money flows through the business accounts.

Book Appointment

Frequently Asked Questions

  • You can use any software of your choice or current one you are using. If you do not have software I can assist with setting one up or if you don’t have a need for one, I can provide an alternative so your Profit and Loss reports can be generated for your accountant tax filing.

  • No, I only provide bookkeeping services and can work with you and your accountant to provide the necessary paperwork.

  • Set up a free no obligation appointment by phone or zoom to go over your accounts so an estimate can be given. If agreed upon, provide all requested documents and information so that work can be completed by agreed time frame. Delay in providing will delay progress.

  • Once you are caught up and/or cleanup is completed, it is entirely up to you on whether you do your own bookkeeping or ask for a quote for monthly services. Quarterly or as needed support also available.

  • I have dealt with some of the most complicated QuickBooks online cleanup issues. Most common is :

    1. Undeposited funds

    2. Duplicate transactions in bank register

    3. Bank feed automation issues and/or overwhelmed with a lot that still needs to be entered into system.

    4. App transactions to match

    5. Profit and loss a mess with desperate need of chart of accounts set up

    6. A QuickBooks online feature issues such as recurring transaction errors

    7. Bank and Credit card accounts all unbalanced and not reconciled for years or ever.

    8. Purchased QuickBooks online but never finished setting up.

  • Yes, I can help you set up or run current payroll. I have worked with ADP and QuickBooks Online Payroll. I can assist with onboarding employees, paying and tracking 1099 contractors, running weekly or monthly payroll.

  • No, but I can assist with converting to QuickBooks online. Desktop is being phased out and creates many obstacles trying work with.