Are your books "messed up"? Do you need for someone to get you on the right track, so that you can handle your own books? Do you need a profit and loss & balance sheet for the last year to qualify for a mortgage loan? If you said yes, to any of the above questions, you need a QuickBooks clean up!  

Below, you will find a detailed explanation of what the QuickBooks Cleanup service entails. 

• Correction of profit and loss statement. 
• Correction of the balance sheet. 
• Correcting & Removing Temporary Opening Balance Equity.
• Allocation of interest paid and principal payments. 
• Accumulated Depreciation recorded. 
• Fixing of undeposited funds transactions. 
• Correct Categorization of Expenses. 
• Correcting & Updating the Chart of Accounts. 
• Verification that all transactions are recorded, including cash. 
• Reconciliation of Bank & Credit Card transactions. 
• Capital Account Recording and allocation. 

• Adjust incorrectly applied customer payments, receipties, and credits. 
• Write off uncollectible invoices.
• Clear incorrect Undeposited funds balance.
• Review aging summary report for any additional corrections, updates, or changes that need to be made. 

• Adjust incorrectly applied customer payments and credits.  
• Adjust QuickBooks 1099 account mapping.
• Review and update vendors.
• Review unpaid bills report for any additional corrections, updates, or changes that need to be made.

• Reconcile all financial accounts. 
• Record Checks written information. 
• Identify discrepancies in your bank reconciliations.

• Correctly classify transactions that have been incorrectly recorded.
• Review working trial balance for misclassifications, data entry errors, and prepare list of suggested adjusting journal entries to correct these bookkeeping mistakes.
• Troubleshoot prior account balances that have been changed.

• Look for changes to your  company’s chart of accounts.
• Review the setup of QuickBooks items and make any necessary corrections.
• Inform you of changes to customer and vendor lists.
• Alert management to changes to your company’s QuickBooks items list.
• Find changes to your business fixed asset items.