Bookkeeping Cleanup & Close
Corrected prior bookkeeping errors and established a consistent process for monthly reviews.
Service
Business Bookkeeping Cleanup
Industry
Professional Services
Engagement
Bookkeeping Cleanup & Monthly Close
The challenge
Unreconciled Books Made Reports Unreliable
Bank, credit-card, and loan activity was not consistently reconciled. Duplicate entries and incorrect classifications made financial reports unreliable for tax preparation and decisions.
Key Issues Identified
Unreconciled bank and card accounts
Duplicate or misclassified items
Unexplained balance-sheet amounts
our Approach
Correct Books and Establish a Monthly Close
We traced transactions to supporting records, reconciled bank, credit-card, and loan accounts, removed duplicate entries, and corrected misclassifications. We then documented a repeatable month-end process for consistent reporting.
01
Find Bookkeeping Gaps
Located unreconciled accounts, duplicate entries, and unsupported balances.
02
Reconcile All Accounts
Matched bank, credit-card, loan, and payment activity to source records.
03
Correct the Books
Resolved duplicates, expense classifications, and balance-sheet errors.
04
Maintain Monthly Close
Established a regular month-end reconciliation and reporting routine.
Bank Accounts Reconciled
Bank, credit-card, and loan balances were checked against supporting records.
Ledger Errors Corrected
Duplicate entries and incorrect account classifications were resolved.
Monthly Close Established
The monthly review process supports consistent financial reporting.
THE RESULT
Reconciled Books and Reliable Monthly Reports
Accounts were reconciled, errors corrected, and a monthly close established. The client gained more dependable financial statements for tax preparation and decisions.
EXPLORE OUR SERVICES
Financial Support Built Around What Comes Next.
From tax preparation and bookkeeping to payroll, advisory, entity setup, and tax resolution, Hyman Financial Solutions provides clear CPA guidance for the deadlines, decisions, and financial responsibilities that matter most.
Tax Planning
Understand your potential federal and state tax liability before the year closes. Our CPA tax planning services project income and payments, evaluate withholding and estimated taxes, and examine available strategies involving owner compensation, retirement contributions, investments, and business deductions while you can still act.
Small Business Accounting
Go beyond transaction entry with small business accounting that examines the general ledger, balance sheet, adjusting entries, and month-end results. Our CPA firm helps owners resolve accounting discrepancies, understand financial statements, and maintain reporting that supports financing, tax returns, and sound management decisions.
Forecasting & Analysis
Test a major business decision with cash flow forecasts, projected results, and documented assumptions before committing resources. We build financial models for hiring, debt, pricing changes, capital purchases, and expansion, helping owners compare scenarios and anticipate funding needs.
Tax Preparation
File federal and state tax returns with a CPA firm that reviews your income, deductions, credits, carryovers, and supporting documents before submission. We prepare individual, self-employed, rental property, partnership, and corporate returns, explain the expected filing result, and coordinate electronic signatures through a secure client portal.
Payroll Services
Pay employees and S corporation owners through an organized payroll process with timely wage calculations, scheduled paydays, tax deposits, and required filings. We coordinate payroll setup, Forms 941 and 940, state withholding and unemployment reports, W-2s, and payroll reconciliations based on your company's needs.
Fractional CFO Services
Get recurring financial leadership without committing to a full-time chief financial officer. Our fractional CFO services combine monthly management reporting, KPI reviews, cash flow oversight, and decision support to help owners evaluate profitability, staffing, pricing, debt, and growth with more consistent financial insight.
Bookkeeping Services
Keep your books current with monthly bookkeeping that reconciles bank and credit-card accounts, organizes payment-processor deposits, and produces financial statements. QuickBooks Online support and catch-up cleanup help resolve missing entries, owner transactions, and unreconciled balances before they disrupt reporting or tax preparation.
Entity Setup & Compliance
Choose an appropriate tax classification and establish the registrations that a new or changing business needs. Our CPA firm helps with EIN applications, state tax accounts, S corporation election filings, payroll readiness, and accounting setup, while legal formation and ownership documents remain with qualified counsel.
Tax Resolution
Received an IRS notice, facing unpaid taxes, or trying to resolve a filing problem? Our CPA firm reviews notices, tax transcripts, balances, penalties, and deadlines to determine practical next steps. We assist with past-due returns, account corrections, payment arrangements, and agency responses within the agreed representation scope.