What it is
Recording what the business earned and spent, month by month, reconciled against the bank, so the figures are ready when they are needed rather than reconstructed in a hurry.
Who needs it
- A business whose books are currently a folder of receipts
- An owner spending evenings on data entry that is not their job
- Anyone who has been asked for a profit and loss statement and could not produce one
What we do
- Monthly categorization and bank reconciliation, kept in QuickBooks
- Profit and loss and balance sheet each month, not only at year end
- Catch-up work on prior periods where the books have fallen behind
- Hand the year-end figures straight into the tax return
What to bring
- Bank and credit card statements for the period
- Access to your accounting file if you already keep one
- Anything unusual — a loan, an owner draw, a large one-off purchase
What happens next
We look at a recent month together and quote from what is actually there, not from a guess about volume.
