Can You Help Clean Up Messy Books?

If your bookkeeping has become disorganised, you don't necessarily need to start again. A professional bookkeeping cleanup can identify errors, missing information and unreconciled transactions and establish a reliable set of accounts. 

Messy bookkeeping can happen for many reasons. A business may have grown quickly, changed bookkeepers, stopped reconciling bank accounts, entered transactions incorrectly or simply run out of time to keep the books up to date. The longer problems remain, the harder they can become to identify. A cleanup generally begins with a review of the accounting file. 

This can involve checking bank reconciliations, accounts payable, accounts receivable, GST coding, loans, credit cards, payroll and other balance sheet accounts. The objective is to understand what is correct, what is missing and what needs to be investigated. 

Young Guns Bookkeeping can provide bookkeeping support for Melbourne businesses that need help getting their accounts organised. If your business uses Xero, the work can be performed within your existing cloud accounting system, allowing the business owner and accountant to collaborate on the same information. 

Xero specifically supports real-time collaboration with bookkeepers and accountants. Once the cleanup is complete, ongoing bookkeeping can be introduced to keep the accounts current. Depending on your business, that might mean weekly, fortnightly or monthly bookkeeping. The key is to create a repeatable process so your books stay accurate and useful rather than becoming another task that gets pushed aside.