Accounting Clean-Ups

With regular accounting clean-ups, you can mitigate financial clutter and streamline your financial processes.

Clean Accounting Makes Maintenance Simple!

Promotes good service delivery

Easy tax filing preparation

Ensures customer satisfaction

Helps your business meet GAAP guidelines

Align your finances to your business goals

An accounting clean-up is a series of adjustments to your books to identify and resolve any errors. This ensures consistency of your finances, and improves the accuracy of your statements and reports. In a nutshell, it involves researching and cross-checking the transaction entries across all your records.

Missing just one transaction in your books can have a ripple effect on your business, including financial clutter that can affect your bottom line and your credibility. 

Our team has years of experience with major clean-ups to help you establish processes to safeguard against accounting issues. This gives you access to a collaborative ecosystem that supports the evolution of your financial processes. 

We can assist you with: 

  1. Identifying accounting inconsistencies
  2. Monthly check-ins and clean-ups
  3. Proper record-keeping for tax filing and audits
  4. Software integration and support
  5. Training and troubleshooting
Fusion CPA is an outstanding resource for outsourced financial service needs. Whether it's bookkeeping, reporting, clean-up, compliance, tax planning or strategic business planning, Fusion CPA has always been a tremendous resource for me and my clients.
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When it comes to clean-ups, your plan can either make or break the process. Discrepancies can’t always be avoided, but they can be corrected. And how you do this is what really matters. 

1. Assessment and planning

We’ll start with a review of your accounting practices, identifying areas of concern or gaps in your reporting, and determining the scope of clean-up require

2. Gathering and organizing data

Next, we’ll help you collect and order the relevant financial documents and transaction records. By comparing these to your bank statements, we’ll be able to spot any discrepancies.

3. Transaction adjustment

Our team can assist you identify the reason for any inconsistencies and establish a sound adjustment plan, before correcting inaccuracies. This includes classifying unclassified transactions, adjusting journal entries, closing outdated accounts, adjusting inventory or updating your depreciation and amortization schedules.

4. Running adjusted reports

Once any errors have been rectified, our CPAs can help you prepare an adjusted trial balance, for accurate financial statements.

5. Implementing controls and best practices

Finally, Fusion CPA can help your team implement internal controls and best accounting practices, to ensure accurate financial management going forward. This includes using the right accounting software, improving your documentation processes, and training your staff.

Gaps in your accounting system can cause financial clutter that can affect the economic outlook of your business and the credibility of your brand.

With reliable accounting software, your business can implement a number of checks and automations to weed out any errors that can occur with manual bookkeeping.

That’s why we recommend these software options:

Our Services Can Scale With Your Business

At Fusion CPA, we offer a host of outsourced accounting services. Whether you need accounting, bookkeeping, or controller services, we can provide you with the perfect solution. Our accounting experts have years of experience and expertise across different industries.