About
Bookkeeping cleanup for accounting firms
When a client file has gaps, start with the records and the period that needs attention. LCIPL provides bookkeeping cleanup support as part of its work behind accounting practices.
Define what needs to be resolved
Unreconciled bank and credit card accounts.
Missing records and transactions that need explanation.
Duplicate entries or coding that needs review.
Opening balances and supporting schedules.
A backlog that must be brought up to an agreed reporting date.
Separate evidence from assumptions
Agree how missing information and proposed adjustments will be recorded. Corrections should have a clear basis and an identified reviewer. Confirm the periods, accounts and completion criteria before setting the timetable.
Prepare the next handoff
Include a list of resolved items, proposed adjustments and remaining questions in the agreed deliverables. This gives the next bookkeeping or tax reviewer a defined starting point.
Explore ongoing bookkeeping support
Start with the file condition
Describe the reporting period, the accounting system and the main gaps in the records. The first discussion is about what the file needs and what your firm will review.