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From Shoebox To Closed Books, Year By Year.
A full year built, reconciled and closed in one engagement, plus catch-up for years that fell behind or files left by a previous preparer. You hear what shape the records are in before any work begins.
Annual And Catch-Up Bookkeeping In Michigan
Some owners keep decent records all year and only need someone to turn them into a finished set of books. Others are two or three years behind, or are holding a file from a previous preparer that nobody has trusted since. Annual bookkeeping covers both: a full year built, reconciled and closed, ready for the return and anyone else who needs to read it.
Before any work starts, we tell you up front what shape the records are in, what it will take to fix them and what we need from you, and the whole scope goes in writing. It is part of our bookkeeping services for owners across Michigan and virtually anywhere in the country.
- Every month of the year coded and reconciled in QuickBooks Online
- Year-end adjustments, accruals and depreciation recorded
- A closed year with balances that tie to the bank
- Books ready for the business return and your 1040
Where Your Records Might Be Starting From
Annual work starts from wherever the records actually are. Most owners recognize themselves in one of these.
From First Look To A Closed Year
Catch-up is a lot easier to live with when you know the order things happen in. Here it is.
An Honest Read On The Records
We look at what exists: bank and card statements, any QuickBooks Online file, prior returns and whatever a previous preparer left behind. Then we tell you plainly what condition it is all in.
A Written Scope Before Anything Is Touched
The years, accounts and deliverables are set out in an engagement letter, so you know exactly what we are taking on before the work begins.
The Oldest Year Rebuilt First
We code, reconcile and close one year at a time, starting with the oldest open year, and record the year-end adjustments that make each balance sheet hold up.
Handed Back Ready For Filing
Each closed year comes with a profit and loss and balance sheet, ready for the return. To keep the gap from reopening, monthly bookkeeping picks up where the catch-up ends.
What Owners Ask When The Books Are Behind
How far behind is too far to catch up?
There is rarely a point where a year cannot be rebuilt. Several years behind is common, and so are files abandoned partway through a year. Thin records make the work longer, and we will tell you that up front, but bank statements, card statements and whatever else survived are usually enough to build a year that balances.
What if I also have unfiled tax returns for those years?
Then the books come first and the returns follow, oldest year forward, so each one is prepared from real numbers. If letters from the IRS or Michigan Treasury have already arrived, we help you respond to them as part of getting current rather than leaving them in a drawer.
Is once a year enough going forward?
It can be for a business with light activity and nobody asking for statements during the year. Owners who have been through a catch-up often prefer a steadier rhythm afterward, and quarterly bookkeeping is a sensible middle ground between once a year and every month.
What do you need from me to get started?
Access to bank and credit card statements for the years involved, any existing QuickBooks Online file, prior tax returns and whatever records you kept, however rough. Everything moves by secure file exchange, so nothing has to be mailed or carried anywhere.
Keep The Books From Slipping Again
Books reconciled and closed every month once you are current, so the backlog never builds up again.
Monthly bookkeeping in detail Quarterly BookkeepingA three-month close for lower-volume or seasonal businesses that still want the records clean all year.
Quarterly bookkeeping in detail QuickBooks Online Setup & ManagementMiscoding cleaned up, feeds connected and the file managed properly from here on.
QuickBooks Online setup and management in detail Bookkeeping OverviewMonthly, quarterly and annual bookkeeping, financial statements, chart of accounts and QuickBooks Online, all on one page.
Return to BookkeepingFind Out What It Takes To Get Current
Send us a rough picture of where the records stand. We will look at what you have and tell you plainly what the catch-up involves before anything is agreed.