Scope of Our Book Clean-Up Services

• Correction of Miscoded Entries: Fixing errors such as expenses booked in asset accounts or wrongly recorded income.
• Vendor Payments & Credits: Correcting misapplied vendor payments and credits.
• Customer Payments & Credits: Addressing inaccuracies in customer payments and credits.
• Balance Sheet Discrepancies: Identifying and rectifying discrepancies in balance sheet items.
• Reclassification of Transactions: Reclassifying historically misrecorded transactions.
• Provision Write-Backs: Writing back long-term and short-term provisions that are no longer needed.
• Invoice Write-Offs: Writing off non-collectable invoices.
• Asset Write-Offs: Writing off current and non-current assets that are no longer recoverable.
• Clearing Backlogs: Addressing unposted historic transactions to keep records current.
• Chart of Accounts Clean-Up: Removing duplicates and unused accounts for a systematic structure.
• Revaluation Support: Assisting in revaluating property, plant, and equipment, and recalculating depreciation and amortization.
• Unpaid Bills Review: Checking for necessary corrections, updates, or changes in unpaid bills.
• Registrar of Companies Charges: Reviewing open or unsatisfied charges created by the company.
• Account Reconciliation: Reconciling historic accounts with bank, credit card, and line of credit, vendor, and customer statements.
• Accounts Receivable Review: Examining the aging summary report for corrections, updates, or changes.
• Bank and Credit Card Reconciliation: Ensuring accuracy in bank and credit card accounts.
• Working Trial Balance Review: Checking for data entry errors and misclassifications, and preparing suggested adjusting journal entries.
• Troubleshooting Account Balances: Resolving issues with prior account balances that have changed.