Move forward from a reliable starting point.
Bookkeeping problems compound when they are left unresolved. Accounts stop matching, categories become inconsistent and reports lose their usefulness. Vanguard Ledger works through the history methodically, identifies open questions and rebuilds a cleaner record.
Cleanup work may include
- Reviewing the condition and completeness of existing books
- Correcting transaction categorization
- Reconciling bank and credit card accounts
- Reviewing opening balances and duplicate activity
- Organizing supporting information and unresolved items
- Producing updated financial statements for the completed period
- Recommending a sustainable process going forward
The scope starts with a review
Cleanup projects vary widely. The timeline and scope depend on how many periods are affected, the number of accounts and the quality of available records.