If your accounts are in chaos and not current, we can assist by getting the accounts correctly organised and fully reconciled.
We understand there are many reasons why your business accounts can get out of hand or out of date. We will work with you to rectify your financial and business information as smoothly as possible, aiming to get you back on track and being able to use your Xero file for regular business operations with confidence.
Rescue bookkeeping often involves being a detective who must analyse the errors or omissions in the accounts and make sense of the data that is currently in disarray. Frequently it is necessary to correct errors from prior years that are affecting current reporting.
This detailed investigation and correction of accounts is highly specialised work. On The Money Bookkeeping has a qualified accountant on staff who oversees the recovery of accounts.
If your accounts need rescuing, we can assist by reviewing and reconciling all balance sheet accounts, including GST and ATO liabilities, superannuation, inventory, accounts payable, accounts receivable and correcting previous BAS lodgements if required. Rescue work often includes correcting errors in payroll, such as termination payments and leave payments, and resolving incorrect pay runs.
Once we have cleaned up your accounts, you can be assured that you have up-to-date ATO lodgements, dependable data and accurate reporting.