Historical Cleanups of your accounting software are all about ensuring that your business’s books are accurate and complete.
Typically, any business that has not been utilizing a professional accountant will need some form of tidying in their books. There are a number of things that may contribute to “messy” books, including:
When you find yourself with inaccurate, incomplete, or otherwise unusable books, the first place to start is reviewing and cleaning all of your past data.
When you log into your accounting software, can you get the data you need? Can you trust that it’s accurate? Do you know that it’s complete?
Historical cleanups are important for the same reason accounting in general is important: you must be able to trust that your records are accurate, both to understand your business’s position so that you can make informed decisions, and to ensure that you’re meeting all requirements, including for taxes and stakeholders.
It can be tempting to fix historical errors yourself, or to ignore them altogether to “start fresh” in a new quarter or year and hope that your data is at least correct moving forward. Don’t make those mistakes.
Errors in accounting compound. What might start as a small error will become more consequential as you add new data to the mix.
As the owner of your business, you are the gatekeeper to your company’s finances. The consequences of inaccurate books will ultimately fall on you to handle. And we can help.
At Anne Napolitano Consulting, we start most of our clients with a historical review and cleanup to ensure that we’re working with, and building upon, complete and accurate information. As soon as you sign your agreement with us, our team will get started in your accounting software to review things like missing transactions, account reconciliations, and bank statements. The specifics of cleanups will vary client-to-client, so be sure to discuss more during your complementary consultation.
