Books Cleaning
Thorough review and correction of your existing books, including miscategorizations, reconciling accounts, and adjusting historical entries.
PRICING
REGULAR PRICE
COMPLEX INVESTIGATION
$499
+ $95 / HOUR
OVERVIEW
Think of your business records like a closet that needs organizing. Over time, receipts pile up, transactions get wrong labels, and some paperwork might go missing. Books cleaning helps you sort through this financial clutter and put everything in perfect order.
We review your entire financial history to spot and fix common problems. These include transactions in wrong categories, accounts that don't match your bank statements, or missing records. Our cleanup brings everything up to date and makes sure your books follow proper accounting rules.
The benefits extend beyond just fixing past issues. Once we organize your records, we help set up proper systems to keep everything running smoothly. This means less stress during tax season, easier financial planning, and clear insights into your business performance.
We focus on creating order from chaos, giving you a fresh start with your business finances. With clean books, you can make better decisions based on accurate information and spend more time growing your business.
WHEN AND WHY DO YOU NEED IT
Your business might need books cleaning in several common situations. Rapid growth can make bookkeeping fall behind. Staff changes or lack of time often cause record-keeping gaps. Your accountant might spot problems during tax season, or you may notice issues in your financial reports.
Many businesses seek this service when moving to professional accounting or preparing for major changes. You'll want clean books when applying for loans or considering a business sale. Accurate records make these processes much smoother.
Warning signs include numbers that don't match your bank statements and trouble creating financial reports. You might feel unsure about your business's true financial position. These problems need attention quickly.
Ignoring these issues can create bigger problems. Poor records lead to tax compliance troubles and wrong business decisions. You might miss valuable tax deductions or ways to improve your business performance. Clean books help you avoid these pitfalls and make informed choices for your company's future.
HOW IT GENERALLY WORKS
Professional books cleaning follows a systematic process developed through years of accounting practice. The process starts with a diagnostic phase where professionals gather and review all financial documents. This includes bank statements, credit card records, receipts, invoices, and any existing bookkeeping files.
Accountants begin by comparing bank statements with existing records to identify discrepancies. This initial review reveals common problems like missing transactions, duplicate entries, or incorrect labeling. A detailed log tracks all issues to ensure complete correction.
The main cleanup work moves backwards through financial records, typically starting from the most recent period. This approach creates a clear division between cleaned and uncleaned records while addressing current finances first.
The cleanup involves several essential steps:
Monthly bank reconciliations ensure all transactions match correctly
Review and labeling of all income and expenses according to standard accounting principles
Identification and request of any missing documentation
A final review confirms accurate balances for all assets and liabilities.
The process concludes with testing and verification. This includes running financial reports, checking account balances, and confirming the books reflect an accurate financial position.
The cleanup completes only after resolving all discrepancies and properly reconciling all accounts.
OUR PROCESS
At Logetica, we follow a clear, five-step process to clean your books and set up your business for future success.
Step 1: Review of financial records
We start with a detailed review of your current books and financial records. During this first meeting, we discuss your main concerns and identify specific problems you've noticed. This helps us understand your business operations and unique accounting needs.
Step 2: Cleanup plan
Next, we create a custom cleanup plan just for your business. This plan outlines every step we'll take, including a timeline and clear goals. We explain our approach in simple terms and make sure you understand what needs fixing and why.
Step 3: Cleanup
The cleanup phase follows our proven method for organizing financial records. We work through your transactions consistently, fixing errors and categories. You'll receive regular updates about our progress and any important findings. We make sure you understand all changes and their impact on your business.
Throughout the process, we stay in close contact with you. When we need additional information or documents, we explain exactly what we need and why. Our team answers your questions promptly and keeps you informed at every step.
Step 4: Reporting
After completing the cleanup, we provide a comprehensive report that shows all the corrections and changes we made. This report helps you understand your new, accurate financial picture. We emphasize the most important findings and explain what they mean for your business.
Step 5: Final review and planning ahead
Looking ahead, we create a custom plan to keep your books clean and organized. This includes step-by-step procedures that match your business operations. We show your team the best ways to track transactions, manage receipts, and maintain accurate records. These practical guides help prevent future bookkeeping problems.
We also schedule a final review meeting to walk through everything. During this meeting, we explain your cleaned-up books and answer any remaining questions. We make sure you feel confident about your new financial records and understand how to maintain them.
Our goal extends beyond just fixing past problems. We want to give you the tools and knowledge to maintain accurate books moving forward. This means less stress for you and more time to focus on growing your business.
Remember, clean books make everything easier - from tax preparation to business planning. Our process helps establish good financial habits that support your long-term business success.
EXAMPLE CASE
Meet John, a successful restaurant owner in downtown Toronto. His business served hundreds of customers each week, but his financial records told a confusing story. The numbers in his reports didn't match his bank balance, making it hard to know his true financial position.
John noticed several problems:
His bank showed more money than his accounting records
Some expenses appeared in wrong categories
Many cash transactions remained unrecorded
The daily sales didn't match bank deposits
These issues made tax preparation and business planning extremely difficult.
The situation became urgent when John wanted to open a second location. His bank requested clear financial statements for a loan application. This pushed him to seek professional help with his books.
A professional books cleaning service started by gathering all his financial documents. They collected bank statements, credit card records, point-of-sale reports, and receipt boxes from the past year. This gave them a complete picture of his business transactions.
The cleanup team found that John didn't track properly employee meal discounts. Also, some supplier payments appeared twice in the records along with cash tips not recorded consistently. The team fixed each problem consistently, creating clear documentation of all corrections.
The service also revealed valuable insights. They discovered John spent too much on certain suppliers compared to industry standards. Some menu items cost more to produce than originally calculated. These findings helped John make better pricing and purchasing decisions.
After organizing the historical records, the team set up new systems. They created simple procedures for daily sales recording. They established a clear method for tracking expenses. The team trained John's staff on proper receipt management and transaction recording.
The results transformed John's business management. His financial reports now matched his bank statements perfectly. He could see accurate profit margins for different menu items. The clean books helped him secure the loan for his second location.
The new bookkeeping systems saved time and reduced stress. John's staff spent less time managing paperwork. Tax preparation became straightforward. Most importantly, John could now make confident decisions based on accurate numbers.
This case shows how professional books cleaning does more than fix past problems. Clean books give business owners clear insights for better decision-making. They provide the accurate financial picture needed for business growth and success.
Have Questions?
Book a free 30-minute online consultation with us, and we will be happy to answer all your questions.