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Get Clean, Accurate Books That Set You Up for Financial Success.

Even if your bookkeeping is months (or years) behind, we’ll bring it up to date without overwhelming you.

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47+

Happy clients to date

#1

Accounting firm In Temecula

$138,000

In savings for business owners.

What's Books Clean-Up?

Clean, accurate books are the foundation for smart business decisions and stress-free tax filing.

Bookkeeping cleanup, also known as accounting cleanup or bookkeeping clean-up, is often required at the end of the year when a business is getting ready for tax season or when a business needs to acquire a loan but has not been keeping accurate accounting records.

This situation can lead to trouble, as the company's financial records may be incomplete, inaccurate, or non-compliant with accounting standards and tax regulations.
The process of bookkeeping cleanup involves reviewing, correcting, and organizing the company's financial records to ensure accuracy, completeness, and compliance.

This service is typically necessary when a business has neglected its bookkeeping tasks or made errors in recording financial transactions over an extended period.

The goal of bookkeeping cleanup is to bring the financial records up to date, rectify any inaccuracies, and establish a solid foundation for future financial management.

Books Clean-Up Steps

The Several Crucial Steps in Bookkeeping Cleanups

Data Review & Collection

The first step is to gather all relevant financial records, including bank statements, credit card statements, invoices, receipts, expense reports, and any other documents related to financial transactions. This comprehensive review helps identify discrepancies, errors, and missing information.

Transaction Reconciliation

Our team at FIG will reconcile the business's financial transactions with its bank statements to ensure that all income and expenses have been accurately recorded. This process helps identify any missing entries or discrepancies between the books and the actual bank balances.

Account Reconciliation

In addition to bank reconciliation, we will reconcile other accounts, such as accounts payable and accounts receivable, to ensure that outstanding bills and unpaid invoices are accurately reflected in the records.

Error Corrections

Any errors, inaccuracies, or inconsistencies in the financial records will be corrected during the cleanup process. This includes adjusting entries, reclassifying transactions, and making necessary journal entries to ensure the accuracy of the financial data.

Transaction Categorization

Transactions will be categorized correctly to provide a clear picture of the business's income and expenses. Proper categorization is crucial for accurate financial reporting and analysis.

Cleanup of Old or Duplicate Entries

Duplicate or irrelevant entries will be removed from the records to reduce clutter and confusion. Old or outdated transactions may also be archived for future reference.

Financial Software Cleanup

If the business uses accounting software, the software will be updated to match the corrected financial records. This includes updating account balances, clearing duplicate entries, and ensuring that the software accurately reflects the financial state of the business.

Documentation

Proper documentation of all changes made during the cleanup process is essential for transparency and future reference. FIG will maintain a detailed record of adjustments and explanations for changes made.

Financial Reporting

After the cleanup is complete, FIG will generate accurate financial statements, such as the income statement (profit and loss statement) and the balance sheet, to provide a comprehensive overview of the business's financial position.

Tax Compliance

Ensuring that the corrected financial records comply with tax regulations is a crucial aspect of bookkeeping cleanup. FIG will accurately calculate and record tax liabilities and ensure that all necessary tax forms are prepared correctly.

What people say about us?

Don't just take it from us

Client

Jessica M

“Fiscal Integrity Group helped us save over $20,000 last year, and the peace of mind they provide is priceless."

Client

Mark R

“Their tax strategies are unmatched. I highly recommend them to any business owner."

Client

John T

“Fiscal Integrity Group saved my business over $20,000 in taxes last year. I can’t recommend them enough!”

FAQ

  • What types of tax services does Fiscal Integrity Group (FIG) offer?

    We offer comprehensive tax services for both individuals and small businesses, including tax preparation, tax planning, filing, and audit support. Our services are designed to maximize deductions, credits, and overall savings while ensuring full compliance with tax regulations.

  • How much can I expect to save by using FIG's tax services?

    Savings vary based on your financial situation, but our clients have saved an average of over $138,000 for businesses and $37,000 for individuals through our strategic tax planning and preparation services.

  • What’s included in the tax consultation?

    Our free tax consultation includes a detailed review of your financial and tax situation, a breakdown of missed deductions or credits, and strategic advice on how to optimize your tax savings moving forward.

  • Can you help me if I’m behind on my taxes or facing an audit?

    Yes, we can help you catch up on overdue taxes, file back taxes, and provide audit support. Our experienced team will guide you through the process and ensure compliance with all IRS requirements.

  • Do you work with specific tax software?

    Yes, we primarily use QuickBooks and other cutting-edge tax software to ensure accuracy and efficiency in tax preparation and planning. This allows us to maximize your savings and ensure compliance.

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