Bookkeeping Cleanup & Catch-Up in Los Angeles & Nationwide

Missing months are rebuilt from bank and credit card statements, starting from the last period that was closed correctly. Every account is reconciled to the statement balance, month by month, until the books are current.

Duplicate transactions, uncategorized expenses, old undeposited funds and accounts that never reconcile are common. Each one is traced and corrected, and the chart of accounts is simplified so it makes sense going forward.

When the books fall behind, tax returns usually do too. Once the books are caught up, past-due federal and California returns are prepared from accurate numbers, along with a plan for any IRS or FTB notices.

Payroll reports, sales tax returns and 1099s are tied back to the books, so what was reported to the IRS, FTB, EDD and CDTFA matches what the books show, and any gaps are found before an agency finds them.

Loan payments are split between principal and interest, owner contributions and draws are recorded as equity rather than income or expenses, and personal charges on business accounts are separated out.

Once the books are caught up, monthly bookkeeping keeps them that way, so the next tax season starts with numbers that are already reconciled and financial statements are ready whenever an external party asks.