Financial Records Cleanup
Restoration of outdated or inaccurate financial records to a current, reconciled state. We correct prior-period errors, reconcile all accounts, and deliver accurate financials you can trust.
What This Is
Financial records cleanup is systematic restoration work for books that have drifted from reality. This happens more often than most business owners realize. Transactions get miscategorized over months or years. Account balances stop matching bank statements. The balance sheet shows receivables that were collected long ago or payables that were paid but never cleared. The numbers on the reports no longer reflect what actually happened.
This is not basic catch-up bookkeeping. It requires going back through prior periods, identifying errors, tracing transactions to their source, and rebuilding the financials from a verified foundation. The goal is a set of books that accurately represents your business today and provides a reliable starting point for ongoing controller oversight.
The Process
The Process
We pull bank and credit card statements for all periods requiring cleanup. We trace every transaction, correct miscategorizations, reconcile each account to its source documents, and clear out duplicate or erroneous entries. The balance sheet gets particular attention because that is where errors accumulate and hide over time.
The Deliverables
The Deliverables
You receive fully reconciled financials with a corrected balance sheet and income statement. We provide a detailed report of every adjustment made so you understand what was wrong and how it was fixed. Your books are ready for tax preparation, bank review, or ongoing monthly oversight.
Why This Matters
Messy books create problems that surface at the worst possible times. A business owner in Palm Beach County recently needed to refinance commercial debt. The bank asked for two years of financial statements. The books showed inventory that had been sold, receivables from customers who paid eighteen months ago, and a retained earnings balance that made no sense. The loan stalled until the records could be reconstructed.
The longer errors persist, the harder they become to untangle. One miscategorized expense is easy to fix. Hundreds of them across multiple years require forensic work. Meanwhile, you have been making decisions based on financial reports that do not reflect reality. Your margins, your cash position, your profitability by service line. None of it has been accurate.
External Scrutiny
External Scrutiny
Banks, investors, auditors, and potential buyers all expect accurate records. When your financials do not hold up under examination, deals fall apart or terms get worse. Clean books are not just an internal management tool. They are what credible businesses present to the outside world.
Tax Exposure
Tax Exposure
If your books are wrong, your tax returns may be wrong too. Overstated expenses create audit risk. Understated income means you have been underreporting. Either way, you have exposure you may not even know about until someone looks closely at the source documents.
What Changes
Your financial statements reflect what actually happened. The balance sheet balances. The income statement shows real revenue and real expenses. Bank accounts reconcile to the penny. You can hand these reports to a lender or investor and know they will hold up under scrutiny.
More importantly, you now have a foundation for proper financial management. Controller oversight only works when the underlying data is accurate. Strategic planning requires numbers you can trust. Cleanup work is not the end goal. It is what makes everything else possible.
Restored Clarity
Restored Clarity
You finally know where you stand. Real profit margins. Accurate cash position. Actual outstanding receivables and payables. The guesswork ends and you can start making decisions based on verified financial data instead of reports you suspect might be wrong.
A Clean Foundation
A Clean Foundation
Once the cleanup is complete, maintaining accurate books becomes straightforward. Whether you bring on controller support or hand off to a tax preparer, everyone is working from the same verified starting point. No more inheriting someone else’s mistakes.
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Let's Talk About Your Business
Tell us about your business and your goals. We'll discuss how Jargo can support your financial operations and growth.