Accounting Clean-Ups

Clean-Up of Bookkeeping Records for Construction Businesses in Onalaska, WI and Nationwide

A clean-up in construction accounting refers to the process of reviewing, organizing, and correcting a company’s financial records to ensure accuracy and compliance.

This process is essential for businesses that have fallen behind in their bookkeeping, have inconsistent records, or need to prepare for tax season or financial reporting.

Key Aspects of a Clean-Up in Construction Accounting

• Reviewing Historical Transactions:
  • Analyze past transactions to identify errors, duplicate entries, or missing data.
  • Ensure that all expenses, revenues, and costs are accurately categorized.
• Reconciliation of Accounts:
  • Match bank and credit card statements with the books to verify that every transaction is accounted for.
  • Reconcile accounts payable (A/P) and accounts receivable (A/R) to ensure that all outstanding invoices and bills are tracked correctly.
• Job Costing & Work-In-Progress (WIP) Reporting:
  • Verify that costs are accurately allocated to specific jobs or projects, which is crucial for construction businesses.
  • Check WIP reports to ensure that all revenues and costs are recorded based on the percentage of completion.
• Addressing Compliance Issues:
  • Correct any entries that might cause compliance issues, such as payroll errors, sales tax discrepancies, or incorrect expense classifications.
• Setting Up Systems and Processes:
  • Implement better bookkeeping systems and processes for future financial tracking, including automated systems or software that streamline data entry and reporting.
• Providing Financial Insights:
  • After the clean-up, provide insights into the financial health of the business, highlighting areas that need improvement, such as cash flow management, cost control, or profitability per project.

Why Choose JL Bookkeeping Design?

• Personalized Monthly Video Calls: Throughout the clean-up process, I schedule monthly video calls with you to review progress, answer questions, and ensure that your records are being properly corrected and updated.
• Industry Expertise: Specializing in construction and trades businesses, I understand the unique financial challenges of your industry. I’ll make sure your financial records reflect the true state of your business.
• Compliance and Tax-Ready Records: My service ensures that your financial records are not only accurate but also compliant with financial regulations. You’ll be ready for tax filings and audits with confidence.
• Save Time: You don’t have to spend hours trying to fix your books. Let me take care of it, so you can focus on running your business.
• Trusted Partnership: I work closely with you to ensure long-term financial stability. Once your books are clean, I can continue to provide ongoing bookkeeping services to keep your records in order.

Frequently Asked Questions (FAQs)

1. How long does the clean-up process take?

The duration of the clean-up depends on how far behind your books are and the complexity of your financial records. I will assess the situation and give you a timeline once I review your accounts.

2. What kinds of businesses can benefit from a clean-up service?

Any business that has fallen behind on bookkeeping or has inconsistent records can benefit from a clean-up. I work primarily with construction and trades businesses, but this service is available to any company that needs their books brought up to date.

3. Can you work with businesses outside of Onalaska, WI?

Yes! While I’m based in Onalaska, WI, my clean-up services are available nationwide. I use secure, cloud-based tools to ensure that distance is never an issue.

4. What happens after the clean-up is complete?

Once your financial records are up to date, I can continue to provide monthly bookkeeping services to ensure your books stay accurate and organized.

5. Do I need to prepare anything before the clean-up process begins?

I’ll need access to your current financial records, accounting software, and any supporting documents like receipts and bank statements. I’ll guide you through the process of gathering what’s needed.

Benefits of Clean-Up of Accounting Records

• Correct past errors and avoid future financial discrepancies
• Ensure your records are compliant and tax-ready
• Gain a clear picture of your business’s financial health
• Make informed business decisions based on up-to-date data
• Save time by letting a professional handle the clean-up
• Reduce stress and prepare for audits or tax filings with confidence

Get Your Books Back on Track – Contact JL Bookkeeping Design Today!

If your books are a mess, don’t worry—I’m here to help! Whether your business is based in Onalaska, WI or anywhere across the country, I’ll work with you to correct, reorganize, and update your financial records. Contact me today to get started with a professional clean-up of your accounting records.