Cleanup of Accounting Records
During the course of running a business, the day-to-day management of the business’s finances can get a little messy. However, it is necessary that accounting records be clean. Actually, it is a requirement for financial, lending and tax reporting requirements. Business owners want to minimize red flags that could possibly lead to further inquiry from tax reporting agencies, creditors and other stakeholders.
Our firm can assist with the cleanup of your accounting records. We will examine current and past financial records to identify problems by following a specific roadmap.
We can then do the following:
• Book entries to correct identified issues
• Work with your tax preparer or CPA in the event previous tax returns need to be amended
• Ensure proper accounting regulations and procedures are being followed for the specific business entity type
• Implement the right accounting software (or upgrade an existing platform)
• Train internal employees to keep the books clean moving forward
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