BOOKKEEPING CLEANUP SERVICES • ALBERTA & CANADA
Behind on your bookkeeping? Let's get your books back on track.
When bookkeeping falls behind, it's easy to lose visibility into cash flow, profitability, and upcoming obligations. Cleanup and catch-up services help bring your books up to date and restore confidence in your numbers.
COMMON CHALLENGES
Falling behind happens more often than you think.
Bookkeeping issues don't always start with missing transactions. Over time, transactions can be posted to the wrong accounts, expenses may end up on the balance sheet, loans may not be recorded correctly, reconciliations fall behind, and financial reports stop reflecting what's actually happening in the business. When financial information is inaccurate, it becomes difficult to make informed decisions about profitability, cash flow, and the overall direction of the business.
Our Cleanup and catch-up bookkeeping services identify and correct these issues, bringing your records up to date and restoring confidence in your financial reporting.
Transactions Posted To
The Wrong Accounts
Expenses, loans, assets, and liabilities are often recorded incorrectly, resulting in misleading financial reports.
Cost Of Goods Sold Isn't Being Tracked Properly
Materials, subcontractors, and direct job costs may be recorded as general expenses, making profitability difficult to measure accurately.
Balance Sheet Accounts Require Cleanup
Old balances, duplicate entries, uncleared transactions, and unreconciled accounts can accumulate over time.
Financial Reports Don't Reflect Reality
When transactions are misclassified or reconciliations are incomplete, profit and loss statements and balance sheets become unreliable.
OUR PROCESS
A structured approach to restoring accurate books.
Every cleanup project begins with a detailed review of your bookkeeping file. The review identifies reporting issues, reconciliation gaps, account misclassifications, and opportunities for improvement. Findings are summarized in a written report so you have a clear understanding of where your books currently stand before any cleanup work begins.
Review & Assessment
A detailed review of your bookkeeping file is completed to identify reporting issues, reconciliation gaps, account misclassifications, inaccurate balances, and opportunities for improvement. Financial statements, bank accounts, GST, payroll records, CRA balances, and WSIB accounts are reviewed to determine the scope of work, identify compliance concerns, and establish priorities for the cleanup process.
Cleanup & Corrections
The chart of accounts is cleaned up, transactions are reclassified, and Cost of Goods Sold and balance sheet accounts are reviewed for accuracy. Bank, credit card, GST, payroll, CRA, and WSIB balances are reconciled, payroll liabilities are reviewed, and reporting issues are corrected. Financial records are brought up to date and financial statements are reviewed to ensure they accurately reflect the financial position and performance of the business.
Cleanup Plan & Scope
Following the review, identified issues are prioritized and a clear cleanup plan is developed. The scope of work, required corrections, and project timeline are established before cleanup begins.
Reporting Review & Recommendations
Once cleanup is complete, financial statements are reviewed, and key findings are summarized. Recommendations are provided to help maintain accurate bookkeeping, improve processes, and support reliable financial reporting moving forward.
WHAT'S INCLUDED
What's Included In A Cleanup Project
Review &
Assessment
✓ Documentation review
✓ Chart of accounts review and cleanup
✓ Accounts receivable review
✓ Accounts payable review
✓ CRA and WSIB balance verification
Cleanup &
Reconciliation
✓ Historical transaction cleanup
✓ QuickBooks Online corrections
✓ Bank reconciliations
✓ Credit card reconciliations
✓ GST account reconciliation
✓ Payroll liability review and reconciliation
Reporting & Recommendations
✓ Financial statement review
✓ Reporting adjustments
✓ Written findings report
✓ Recommendations for future processes
WHO WE HELP
Designed for business owners who need clarity and confidence.
Contractors
Job costing issues, incorrectly allocated Cost of Goods Sold, payroll not separated between direct and indirect labour, and financial reports that don't accurately reflect profitability.
Service-Based Businesses
Unreconciled accounts, inconsistent bookkeeping processes, and financial reports that no longer provide a clear picture of business performance.
Ecommerce Businesses
Complex payment processors, inventory-related transactions, sales tax requirements, and high transaction volumes make accurate reporting difficult.
Small Business Owners
Behind on bookkeeping, uncertain about financial results, and looking for accurate records and reliable reporting before making important business decisions.
REAL RESULTS
When something doesn't look right, trust your instincts.
When a contractor questioned the accuracy of his financial statements and projected tax liability, he reached out for a professional bookkeeping review. The review uncovered several accounting errors that had a significant impact on both financial reporting and income taxes, reinforcing the importance of having accurate books and reliable financial information.
A contractor contacted us during tax season after receiving draft financial statements and a projected tax liability from another bookkeeping provider. He believed something wasn't right and requested a professional review of his accounting file.
During the review, several issues were identified. Expenses had been incorrectly allocated to the shareholder loan account, capital assets had not been properly recorded, depreciation had not been calculated, and the financial statements did not accurately reflect the true financial position of the business. Revenue had increased by approximately 20% over the previous year, yet reported expenses had decreased by more than 40%—a significant indicator that further investigation was required.
Following a complete accounting file review, the chart of accounts was restructured, capital assets and depreciation were recorded correctly, transactions were reclassified, and the financial statements were adjusted to reflect business operations accurately. The tax return was then prepared using the corrected financial information.
Because the business owner recognized that something didn't make sense and sought a second opinion, the corrections ultimately reduced his tax liability by approximately $20,000.
Frequently Asked Questions
How do I know if my bookkeeping needs a cleanup?
Unexpected tax bills, inaccurate financial statements, unreconciled accounts, negative balances, unusual fluctuations in expenses, and uncertainty around profitability are all signs that a bookkeeping review may be beneficial.
What types of issues are commonly uncovered during a cleanup?
Common issues include transactions posted to incorrect accounts, balance sheet accounts that should be expenses, improperly allocated Cost of Goods Sold, payroll allocation errors, unreconciled accounts, incorrect GST balances, and outdated chart of accounts structures.
Do I need a cleanup if my bookkeeping is up to date?
Not always. However, bookkeeping can be current and still contain reporting errors, account misclassifications, or reconciliation issues. A professional review can help identify concerns that may not be immediately visible.
How is bookkeeping cleanup pricing determined?
Cleanup projects are quoted at a flat fee based on the scope and complexity of the work. You'll know the cost before the project begins, so there are no surprise invoices or unexpected hourly charges.
Will I receive recommendations after the review?
Yes. Every cleanup project includes findings and recommendations designed to improve financial reporting, bookkeeping processes, and overall financial visibility moving forward.
Can cleanup services be completed remotely?
Yes. Cleanup and catch-up bookkeeping services are provided remotely for businesses throughout Alberta and across Canada using secure cloud-based accounting systems and file-sharing tools.
READY FOR A SECOND OPINION?
Your books may be up to date.
That doesn't mean they're accurate.
A professional bookkeeping review can identify reporting issues, account misclassifications, reconciliation problems, and opportunities for improvement before they impact business decisions, tax filings, or profitability.
✓ Written Findings Report
✓ Cleanup Recommendations
✓ Flat-Fee Project Pricing
✓ Remote Service Across Alberta & Canada
Savvy Pro Financial Management provides bookkeeping cleanup and catch-up services remotely for contractors, service-based businesses, ecommerce companies, and small business owners throughout Alberta and Canada.