Behind on your bookkeeping or dealing with inaccurate financial records? Akumen Accounting Group provides bookkeeping cleanup and catch-up services for small businesses in Arlington, Virginia and the greater DC Metro area. We clean up and reconcile your accounts, correct errors and misclassifications, address outstanding transactions, and bring your books up to date so your financial records are accurate and ready for tax filing or ongoing bookkeeping.
Clean, accurate books are essential for making informed business decisions and preparing accurate tax returns, but years of unreconciled accounts, uncategorized transactions, duplicate entries, and bookkeeping errors can make it difficult to know where your business stands. Akumen Accounting Group works with small and mid-sized businesses in Arlington and throughout the DC metro area to identify and correct bookkeeping issues and bring financial records up to date. Our cleanup services can include bank and credit card reconciliations, transaction classification, uncategorized income and expenses, accounts receivable and payable review, duplicate or erroneous entries, balance sheet account cleanup, and prior-period corrections. Once the cleanup is complete, we can help transition your business to an ongoing bookkeeping process that keeps your financial records accurate and current.
Not sure how far behind your books are or what needs to be fixed?
Schedule a bookkeeping cleanup consultation with Akumen Accounting Group today.
Professional bookkeeping cleanup for businesses with overdue or inaccurate books, including QuickBooks cleanup, bank and credit card reconciliations, transaction classification, correction of errors, balance sheet cleanup, catch-up bookkeeping, and preparation of accurate financial records for tax filing and ongoing bookkeeping.
-Review of your current bookkeeping records to identify unreconciled accounts, unusual balances, duplicate transactions, uncategorized activity, and other issues affecting the accuracy of your financial statements.
-Assessment of the periods requiring cleanup and the specific accounts or transactions that need attention.
-Development of a cleanup plan based on the condition of the books, number of periods involved, transaction volume, and issues identified.
-Identification of items requiring clarification or supporting documentation from the business owner before corrections can be finalized.
-Reconciliation of bank and credit card accounts to statements to identify missing, duplicated, or incorrectly recorded transactions.
-Investigation of outstanding and unreconciled transactions and identification of items requiring correction.
-Review of opening and ending balances to help ensure accounts properly tie to financial institution statements.
-Cleanup of old outstanding items when appropriate and supported by available records.
-Review and correction of incorrectly categorized income and expenses.
Cleanup of uncategorized income, uncategorized expenses, and other miscellaneous accounts.
I-dentification and correction of duplicate, voided, or improperly recorded transactions.
Reclassification of transactions between expense, asset, liability, equity, and income accounts when appropriate.
-Review of owner draws, contributions, distributions, and other equity activity for proper classification.
-Review of balance sheet accounts to identify unusual, outdated, or unsupported balances.
Cleanup of accounts receivable and accounts payable balances, including identification of old or potentially invalid items.
-Review of loans, credit cards, fixed assets, prepaid expenses, accrued liabilities, and other balance sheet accounts.
-Identification of historical balances that require additional documentation or clarification before adjustments are made.
-Reconciliation of balance sheet accounts to available supporting records where appropriate.
-Organization and cleanup of financial records to support preparation of business tax returns.
Review of financial statements for obvious classification issues or inconsistencies that could affect tax preparation.
-Coordination of bookkeeping cleanup with tax preparation when Akumen Accounting Group is also preparing the business tax return.
-Delivery of cleaned-up financial statements that provide a more reliable basis for tax filing, budgeting, cash-flow management, and business decisions.
-Recommendations for improving bookkeeping processes and preventing the same issues from recurring.
-Establishment of consistent account classifications, reconciliation procedures, and month-end bookkeeping processes.
Transition from one-time cleanup or catch-up work to ongoing monthly bookkeeping when appropriate.
-Ongoing accounting and tax support to help maintain accurate financial records as the business grows.
To ensure a holistic approach to your business finances, consider pairing our bookkeeping with these related
Let Akumen Accounting Group be your trusted Arlington, VA CPA partner for bookkeeping and accounting services, budgeting and forecasting, tax planning, CFO consulting, and DCAA compliance.
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Bookkeeping cleanup involves identifying and correcting issues in your financial records so your books are accurate and up to date. Depending on the condition of your books, cleanup may include account reconciliations, correcting transaction classifications, removing duplicate entries, addressing uncategorized transactions, and reviewing balance sheet accounts.
If your bank or credit card accounts are not reconciled, your books are several months or years behind, your financial statements don’t appear accurate, or you have large balances in accounts such as Uncategorized Income, Uncategorized Expenses, Accounts Receivable, or Accounts Payable, your books may need cleanup. Cleanup can also be appropriate before tax preparation or transitioning to a new bookkeeper.
Yes. Akumen Accounting Group can provide catch-up and historical bookkeeping cleanup for multiple periods. The scope and cost depend on how far behind the books are, the volume of transactions, the number of accounts involved, and the complexity of the issues that need to be addressed.
Depending on the engagement, we may need access to your accounting software, bank and credit card statements, loan statements, payroll records, prior financial statements, tax returns, and other supporting documentation. We may also request clarification from you when transactions cannot be properly classified based on the available records.
Yes. Akumen Accounting Group provides both bookkeeping cleanup and business tax preparation. When we handle both services, the cleanup can be coordinated with the tax preparation process to help ensure your financial records are properly organized for the tax return. Tax preparation and extensive bookkeeping cleanup are separate services and may be quoted separately depending on the scope of work.
Akumen Accounting Group works with businesses throughout Northern Virginia, Washington DC, and Maryland, helping owners address outdated, inaccurate, or disorganized books. We understand that bookkeeping problems can vary significantly from one business to another, so cleanup is tailored to the condition and complexity of your financial records.
Bookkeeping cleanup is more than simply reconciling a bank account. We look at how transactions are classified, how balance sheet accounts are carrying forward, and whether the financial statements make sense as a whole. Our goal is to identify and correct bookkeeping issues so your records provide a more reliable picture of your business.
Clean books are the foundation for accurate tax preparation and meaningful financial reporting. Akumen Accounting Group can coordinate bookkeeping cleanup with business tax preparation, ongoing bookkeeping, and accounting services, helping you move from correcting historical problems to maintaining accurate financial records going forward.
Whether your bookkeeping is a few months behind or years of transactions need attention, Akumen Accounting Group can help determine what needs to be cleaned up and establish a clear path toward accurate, up-to-date financial records.