Bookkeeping & Accounting Assessment
Bookkeeping & Accounting Assessment—a detailed review of the current processes and financial records. Below is a comprehensive list of what is included:
Review of Current Accounting System:
Chart of Accounts Setup: Evaluate structure, clarity, and whether it aligns with business operations and reporting needs.
Volume of Transactions: Analyze the number of transactions processed and the system’s efficiency in handling them.
Profit and Loss Statement: Assess accuracy, categorization, and overall presentation of income and expenses.
Balance Sheet: Review accuracy and alignment with financial reporting standards, ensuring all accounts are properly reconciled.
Cash Flow Statement: Examine cash inflow and outflow trends, accuracy, and completeness.
Account Reconciliations: Verify that reconciliations for bank accounts, credit cards, and other accounts are up-to-date and accurate.
Deliverables:
Comprehensive Written Report:
Assessment of the current bookkeeping/accounting status.
Identification of strengths and weaknesses in processes and records.
Highlighting specific concerns or areas needing improvement.
Recommendations for optimization or corrections.
Suggestions for training, automation, or external support if needed.
Financial Health Snapshot:
Summarized key financial metrics derived from the review.
Insights into profitability, cash flow stability, and overall financial position.
Meeting:
1-hour review of the above-written deliverables and opportunity for questions and answers.
This thorough assessment will provide a clear picture of your business's bookkeeping and accounting health, empowering you to make informed decisions and maintain accurate financial records.
Includes an initial 30-minute in-take session to discuss your business model, current processes, and areas of concern.
You will need to provide:
Access to your bookkeeping software
Access to all relevant financial statements
Bookkeeping & Accounting Assessment—a detailed review of the current processes and financial records. Below is a comprehensive list of what is included:
Review of Current Accounting System:
Chart of Accounts Setup: Evaluate structure, clarity, and whether it aligns with business operations and reporting needs.
Volume of Transactions: Analyze the number of transactions processed and the system’s efficiency in handling them.
Profit and Loss Statement: Assess accuracy, categorization, and overall presentation of income and expenses.
Balance Sheet: Review accuracy and alignment with financial reporting standards, ensuring all accounts are properly reconciled.
Cash Flow Statement: Examine cash inflow and outflow trends, accuracy, and completeness.
Account Reconciliations: Verify that reconciliations for bank accounts, credit cards, and other accounts are up-to-date and accurate.
Deliverables:
Comprehensive Written Report:
Assessment of the current bookkeeping/accounting status.
Identification of strengths and weaknesses in processes and records.
Highlighting specific concerns or areas needing improvement.
Recommendations for optimization or corrections.
Suggestions for training, automation, or external support if needed.
Financial Health Snapshot:
Summarized key financial metrics derived from the review.
Insights into profitability, cash flow stability, and overall financial position.
Meeting:
1-hour review of the above-written deliverables and opportunity for questions and answers.
This thorough assessment will provide a clear picture of your business's bookkeeping and accounting health, empowering you to make informed decisions and maintain accurate financial records.
Includes an initial 30-minute in-take session to discuss your business model, current processes, and areas of concern.
You will need to provide:
Access to your bookkeeping software
Access to all relevant financial statements
Bookkeeping & Accounting Assessment—a detailed review of the current processes and financial records. Below is a comprehensive list of what is included:
Review of Current Accounting System:
Chart of Accounts Setup: Evaluate structure, clarity, and whether it aligns with business operations and reporting needs.
Volume of Transactions: Analyze the number of transactions processed and the system’s efficiency in handling them.
Profit and Loss Statement: Assess accuracy, categorization, and overall presentation of income and expenses.
Balance Sheet: Review accuracy and alignment with financial reporting standards, ensuring all accounts are properly reconciled.
Cash Flow Statement: Examine cash inflow and outflow trends, accuracy, and completeness.
Account Reconciliations: Verify that reconciliations for bank accounts, credit cards, and other accounts are up-to-date and accurate.
Deliverables:
Comprehensive Written Report:
Assessment of the current bookkeeping/accounting status.
Identification of strengths and weaknesses in processes and records.
Highlighting specific concerns or areas needing improvement.
Recommendations for optimization or corrections.
Suggestions for training, automation, or external support if needed.
Financial Health Snapshot:
Summarized key financial metrics derived from the review.
Insights into profitability, cash flow stability, and overall financial position.
Meeting:
1-hour review of the above-written deliverables and opportunity for questions and answers.
This thorough assessment will provide a clear picture of your business's bookkeeping and accounting health, empowering you to make informed decisions and maintain accurate financial records.
Includes an initial 30-minute in-take session to discuss your business model, current processes, and areas of concern.
You will need to provide:
Access to your bookkeeping software
Access to all relevant financial statements
