Catch-Up Bookkeeping
Bringing backlogged books current. We sort through past transactions, reconcile accounts, and rebuild a clean financial history that holds up to tax filings and lender review.
The Project
This is for business owners who have fallen behind on the books. Maybe the last reconciled month was two quarters ago. Maybe a previous bookkeeper left without notice. Maybe the business grew faster than the back office could keep up and now there is a stack of statements that nobody has opened.
We treat this work like a repair job. We take whatever you have, whether it is a shoebox of receipts, a half-finished QuickBooks file, or nothing at all, and we rebuild your financial history one month at a time until it matches the bank.
The Assessment
The Assessment
Every catch-up starts with a look at what is in place and what is missing. We scope the gap, identify the systems involved, and give you a fixed project quote. You know what the cleanup will cost before we begin.
The Rebuild
The Rebuild
We work through the backlog month by month. Transactions get categorized. Bank and credit card accounts get reconciled. Missing items get tracked down. The result is a clean ledger that ties back to source documents.
The Cost of Falling Behind
Out-of-date books act like a weight on the business. You cannot answer basic questions about profitability. You cannot file an accurate tax return. You cannot apply for a line of credit or an SBA loan because the bank wants statements you do not have.
The longer the gap sits, the worse it gets. Memories fade. Vendors close. Bank portals only keep so many months of history available. What could be sorted out in a few weeks today can turn into a much larger project six months from now.
Tax Exposure
Tax Exposure
You cannot file an honest return on guesswork. Returns filed without solid books often understate or overstate income, both of which create problems. Unfiled returns also accumulate penalties and interest that compound every month they sit.
Financing Shut Down
Financing Shut Down
Lenders in North Carolina and South Carolina want to see clean profit and loss statements and a balance sheet that ties out. Without those documents, the conversation stops before it really starts, no matter how strong the business is.
The Outcome
When the project is done, you have a complete and reconciled set of books for every month in question. The numbers match the bank statements. The reports are accurate. You can hand them to a tax preparer, a banker, or an investor and stand behind what they show.
You also get a clean starting point going forward. From there you can either run the books yourself with confidence or move into ongoing monthly bookkeeping with our team so the backlog never builds up again.
Tax-Ready Records
Tax-Ready Records
Once the catch-up is finished, your business return can be filed on real numbers. If you are also a tax client of ours, we move directly from cleanup into preparation without losing time digging for the same information twice.
A Clean Handoff
A Clean Handoff
We deliver a balanced file with reconciled accounts and clear documentation of how we got there. You start the next month with accurate balances and a system that supports the way your business actually operates.
Trusted Accounting for Small Businesses
First Step:
Start With a Call
Tell us about your business and what you need help with. We'll ask a few questions, evaluate your current situation, and let you know how GMJ can support your books, taxes, and day-to-day operations.
