Clarity on what’s broken
A diagnostic that identifies where issues exist: affected periods, accounts, and error types.
Account Reconciliation & Financial Corrections
When the accounting has gotten away from you—multiple periods open, reconciliations undone, and coding inconsistent—we step in to assess, reconcile, and restore current, reliable reporting.
Backlogged periods
Diagnostics & remediation
Tax- & audit-ready
Annual account reconciliation for sole proprietors (via Individual Tax Preparation – Professional)
This is a project-based engagement focused on reconciling historical periods and restoring reliable reporting. Ongoing bookkeeping or controller support can be added once reconciliation is complete.
Fit check
Is this where your accounting sits today?
You’re a fit for this service if:
- Your books are months (or years) behind, and you can’t get reliable reports out of your system.
- Bank and credit card accounts aren’t reconciled, and balances don’t match reality.
- A previous bookkeeper left abruptly, and you’re not sure what was done or how.
- You need dependable numbers for tax filings, a loan, a sale, or investors, and you don’t have the internal bandwidth to repair the history.
Outcomes
What you get with Account Reconciliation
Reconciled historical periods
Prior periods brought current with reconciled cash, resolved suspense items, and corrected classifications.
Confidence for tax, lending, or sale
Financials your tax preparer, lender, or potential buyer can rely on as a defensible starting point for diligence and filing.
A stronger system going forward
Recommendations for process, chart of accounts, and workflows so you don’t end up in the same place again.
Scope
What’s included in Account Reconciliation
1. Diagnostic review
- Review your existing accounting file, focusing on key balance sheet and P&L areas.
- Identify unreconciled accounts, miscodings, and structural issues.
- Define the reconciliation window (which periods and entities) and level of detail required.
2. Reconciliations & corrections
- Reconcile bank, credit card, and other key accounts to statements for in-scope periods.
- Resolve suspense accounts and obvious mispostings through reclassifications and corrections.
- Align major balances (AR, AP, inventory, loans) to supporting detail where available.
3. Structural fixes
- Rationalize the chart of accounts where necessary for clarity and reporting.
- Adjust opening balances where prior-period errors must be corrected in a single entry, with clear documentation.
4. Documentation & handoff
- Document key steps taken, assumptions made, and any remaining limitations.
- Provide reconciled financials and supporting schedules for the reconciliation period.
- Outline recommendations for process and role changes going forward.
Guardrails
What’s not included in this service
We keep this engagement scoped as a project
To keep reconciliation projects manageable and transparent, the following are not part of standard Account Reconciliation:
- Ongoing bookkeeping or controller work beyond the defined reconciliation window.
- Full forensic accounting or fraud investigations.
- Legal services or formal valuation work.
- Tax preparation or assurance services (though reconciliation is often a precursor to those engagements).
If your situation indicates potential fraud or litigation, we may recommend involving specialized forensic or legal professionals.
Process
How the reconciliation works
1
Intake & scoping
You share your accounting file, a brief history of what happened, and any deadlines (tax, financing, transaction). We scope the reconciliation window and objectives.
2
Diagnostic report & fixed-fee quote
We perform a light diagnostic, outline the work required, and provide a fixed-fee or structured project quote.
3
Execution & checkpoints
We work through reconciliations, corrections, and structural fixes, with periodic check-ins to confirm assumptions and decisions.
4
Final review & handoff
We walk you through what changed, deliver reconciled financials and schedules, and align on next steps for ongoing support if needed.
Pricing overview
What this typically costs
See Pricing MatrixFees for Account Reconciliation are quoted as a project fee based on the number of months/years in scope, entity count, and severity of issues.
Limited-scope reconciliations (a few months behind with minimal structural issues) price materially lower than multi-year, multi-entity remediation. We begin with a scoped diagnostic and confirm fixed project fees before execution.
FAQ
Frequently asked questions
Will you fix everything back to the beginning of time?
Not typically. We define a practical reconciliation window that balances effort and usefulness (for example, the current year and one prior year), unless you have a specific requirement for deeper history.
Can you coordinate with our tax preparer or auditor?
Yes. We often align scope and deliverables with your tax or audit providers so the project gives them exactly what they need.
What happens after reconciliation?
Once reporting is stabilized, you can have your internal team take over, engage us for ongoing bookkeeping, or step up to a Controller-level engagement. We’ll outline options at project close.
I’m a sole proprietor or single-member LLC. Can this be handled as part of my individual tax return?
In many cases, yes. If your business activity is straightforward and you prefer a once-per-year approach, we can reconcile the accounts and prepare your Schedule C as part of our Individual Tax Preparation – Professional service, so you don’t have to coordinate between a separate bookkeeper and a separate tax preparer.
Ready to reconcile your records and move forward?
Share your situation, deadlines, and accounting system, and we’ll perform an initial assessment, define the reconciliation window, and quote a fixed project fee before any work begins.
Request a Consultation