Can you help me get my books ready for tax season if I'm behind?
Yes. This is exactly what catch-up bookkeeping is designed for, and it happens more often than most business owners admit. Months slip by, transactions pile up, and suddenly tax season is approaching with nothing reconciled. The situation is stressful but entirely fixable.
The process starts with gathering your financial records. Bank statements, credit card statements, invoices, receipts, payroll reports if you have employees. Most of this can be pulled directly from your bank’s online portal if you don’t have paper copies. The more complete your records, the faster the cleanup goes.
From there, it’s categorizing every transaction correctly, reconciling accounts to make sure nothing is missing or duplicated, and organizing everything into a format your accountant or tax preparer can use. This might sound tedious, and it is. But it’s not complicated once someone sits down and works through it systematically.
How long it takes depends on how far behind you are and how messy things got. A year of neglected books for a straightforward business might take a couple of weeks. Multiple years or complex situations take longer. The sooner you start, the more breathing room everyone has before filing deadlines.
The goal is clean books that tell an accurate story of your business finances. Your CPA needs reliable numbers to prepare your return. Garbage in means garbage out, which often means missed deductions or errors that could cause problems later.
One thing to understand is that catch-up bookkeeping and tax preparation are different services. A Tri-Cities bookkeeper gets your records organized and accurate. Your accountant takes those clean books and prepares the actual tax return. The two work together, but they’re separate steps.
If you’re behind right now, reach out sooner rather than later. Waiting until April makes everything harder and more expensive. Get started in January or February and there’s time to do it right without rushing.
Greater Richmond's Small Business Bookkeeper
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