Who Can Benefit From After-The-Fact Bookkeeping Services

 Accurate transaction entry provides:

1. Reliable Financial Statements
2. Proper Expense & Income Tracking
3. Improved Cash Flow Management
4. Easier Bank Reconciliations 
5. Informed Business Decisions
6. Long-term Financial Integrity

 Accurate transaction entry is the backbone of effective bookkeeping and financial management. Every financial report, tax filing, and business decision depends on the quality of the underlying transaction data.

Why bank reconciliations are  important:

1. Accuracy of Financial Records
2. Identify lost checks, deposits, and unauthorized transactions
3. Detect excessive bank fees
4. Manage cash more effectively
5. Maintain strong financial controls
6. Tax and Compliance Readiness

Bank reconciliations are not just a bookkeeping formality—they are essential to protecting your business, maintaining accurate records, and making informed financial decisions with confidence. 

Income Statement (Profit and Loss)

1. Shows whether your business is making a profit or a loss
2. Determines areas that are over/under budget
3. Determines income tax liability
4. Helps to control expenses and allows you to plan ahead
5. Allows comparisons across months, quarters, or years

  This report answers the question: Is the business making or losing money? 

The balance sheet provides a snapshot of your business’ financial position at a single point in time. 

1.  Shows what the business owns (assets), owes (liabilities), and its net worth (equity)
2.  Helps assess financial stability 
3. Useful information for loans and potential investors
4.  Highlights retained earnings (profits kept in the business)  and overall business value.

This report answers the question: What is the business worth right now?

 The cash flow statement shows how money moves in and out of the business. 

1. Helps you know if you have enough cash to pay bills
2. Explains why you may be profitable, but still feel short on cash
3.  Reduces the risk of cash shortages or overdrafts 
4. Helps plan for upcoming expenses

 This report answers the question: Does the business have enough cash to function and grow? 

These services are perfect for businesses that have fallen behind or are dealing with messy, disorganized records.  We’ll go back through past months (or even years) to make sure every transaction is recorded accurately. 

Key Tasks Include:  

1. Organize Receipts
2. Categorize Transactions
3. Record Missing Transactions
4. Reconcile Bank Statements
5. Fix Errors
6. Update Financial Statements