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Add-on
Prior periods recategorized, reconciled and closed, with clean financial statements for the final period, however far behind the records have fallen.
Overview
Books fall behind for ordinary reasons. A volunteer treasurer steps down. A bookkeeper retires and nobody knows where anything was kept. A season gets busy and three months quietly becomes eighteen. The longer it sits the more daunting it feels, which is exactly why it keeps sitting.
Catch-up work is a one-time engagement to close that gap. Income, expenses and credit card charges are recorded and categorized. Miscategorized transactions are corrected. Duplicate and incorrectly posted transactions are deleted. Every bank account, credit card, investment account and liability is reconciled for all outstanding periods up to a date you agree in advance.
Payroll is reconciled, fixed assets are reviewed, and source documentation is collected and organized. Accounts receivable and accounts payable are reconciled, and where the underlying structure is the problem the chart of accounts is restructured. At the end you get an Income Statement and Balance Sheet for the final closed period, which is usually the first time in a while anyone has been able to say what the organization is actually worth.
This is work we specialize in: cleanups, accounting restructures and retiring bookkeeper transitions. Two months of catch-up is already included with monthly bookkeeping, and on the small business tiers a twelve-month contract includes it as well.
What’s included
Every bank, credit card, investment and liability account reconciled for all outstanding periods, not just brought up to date.
Miscategorized transactions fixed, duplicates and incorrect postings removed, and the chart of accounts restructured where it needs to be.
Source documents collected and organized, payroll reconciled and fixed assets reviewed.
An Income Statement and Balance Sheet for the final closed period, so you have a defensible starting point.
Keep exploring
If this is not quite the fit, one of these usually is.
Cash-basis monthly bookkeeping closed by the 25th, built for smaller churches and non-profits.
Learn moreCash or accrual, closed by the 10th, with custom board, department and cash flow reporting.
Learn moreEverything in Priority, plus budgeting, forecasting, internal controls and a monthly call.
Learn moreCommon questions
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