BOOKKEEPING CLEAN UP SERVICES FOR ACCURATE, ORGANIZED FINANCIAL RECORDS
Professional bookkeeping clean-up services to bring clarity, accuracy, and structure to disorganized or outdated financial records.
Restore Financial Clarity with Our Bookkeeping Clean-Up Services
At McElhaney Bookkeeping LLC, we offer comprehensive bookkeeping cleanup services to help business owners regain control of their financial data. Whether you’ve fallen behind on months of entries or discovered inaccuracies in past records, our goal is to organize, verify, and update your books. We work with you to resolve errors, reconcile accounts, and prepare accurate reports.
Contact us today to schedule a review and get your books back on track.
Correct Past Errors
We identify and fix misclassifications, duplicate entries, and missing transactions to ensure your books reflect accurate historical data.
Improve Financial Transparency
Clean records provide reliable reporting, giving you a clear understanding of your revenue, expenses, and overall financial position.
Prepare for Tax Season or Audits
Our bookkeeping clean-up services ensure that your books are organized and compliant, reducing the risk of penalties or delays during tax preparation or audits.
Save Time and Reduce Stress
Let us handle the complexity of clean-up work so you can focus on running your business without worrying about backlogs or financial discrepancies.
Transaction Review and Reconciliation
A clean financial record begins with accurate transaction entries. We conduct a thorough review of all past transactions to identify errors, missing data, or duplication. We then reconcile your bank, credit card, and loan accounts against corresponding financial statements to ensure full alignment. This process eliminates discrepancies that could impact your tax filings or reporting accuracy. From outdated entries to incorrectly categorized expenses, our bookkeeping clean up services ensure everything is clearly documented and supported by source records.
- Review and verify all historical transactions
- Identify and correct missing or duplicate entries
- Match records with bank and credit statements
- Ensure alignment across financial platforms
- Prepare a complete reconciliation report
Chart of Accounts Assessment
A disorganized chart of accounts often leads to confusion in reporting and poor financial visibility. Our bookkeeping clean up services include a detailed assessment of your current account structure. We evaluate whether your existing categories reflect the true nature of your business operations, then make recommendations to streamline and reorganize your chart of accounts. This may include merging redundant accounts, reclassifying expenses, or creating new categories where needed.
- Review current chart of accounts for accuracy
- Merge or remove irrelevant or redundant accounts
- Add missing categories that reflect your business needs
- Realign transactions under the correct classifications
- Implement a clean and functional account structure
Accounts Payable and Receivable Review
Unpaid vendor bills and lingering customer invoices can distort your financial position. We evaluate both accounts payable and receivable to identify what’s been left open, misapplied, or improperly recorded. We resolve discrepancies such as unapplied payments, duplicate invoices, or long-outstanding balances. We also generate updated aging reports to give you a clear overview of what’s owed and what’s due—crucial for cash planning and operational health.
- Identify outdated or unpaid vendor bills
- Locate and correct open customer invoices
- Apply payments to the correct entries
- Resolve unapplied credits or overpayments
- Generate updated aging reports for clarity
Payroll Record Verification
Payroll errors can have serious legal and financial consequences. That’s why our bookkeeping clean up services include a full review of your payroll records. We verify employee wages, deductions, and tax liabilities to ensure every payroll transaction is accurately recorded and properly categorized. Whether you use a third-party provider or manage payroll internally, we cross-check payroll reports against financial records to catch and correct any inconsistencies. This ensures that your payroll data aligns with expense categories and is audit-ready.
- Reconcile payroll transactions with payroll reports
- Validate wages, taxes, and benefit deductions
- Correct any duplicate or missing payroll entries
- Align payroll costs with the appropriate expense categories
- Document accurate payroll liabilities
Financial Reporting and Compliance Preparation
Once we’ve completed the clean-up process, our bookkeeping clean up services conclude with delivering accurate, meaningful reports. We prepare essential documents like profit and loss statements, balance sheets, and cash flow reports that reflect your corrected financial data. We also review your records to ensure compliance with IRS regulations and accounting standards. These reports are essential for tax preparation, audit readiness, and internal planning.
Provide profit & loss statements and balance sheets
Deliver cash flow and expense reports
Ensure records meet IRS and GAAP standards
Help prepare your data for tax filing or audit review
Offer insights to maintain clean books going forward
McElhaney Bookkeeping, LLC is a bookkeeping service that provides expert financial management to dentists and small businesses in Greensboro, Wilmington, Winston-Salem, Durham, Raleigh, Fayetteville, and the surrounding North Carolina areas.