As a Catch Up Bookkeeping customer, we learn about your current bookkeeping situation and determine with you how many months you need updated. We then backdate all of your bookkeeping and provide you with tax-ready financial reports for all of the months that you were missing. This includes Profit and Loss Statements, Balance Sheets, and Cash Flow Statements among other important financial reports. Once your caught up, we can take over your monthly bookkeeping so you never fall behind again. 

We truly care about the success of our customers and we go above and beyond to develop strong relationships with all of our customers. No customer is just a number with us. From the start, we invest the time to get to know your business so we can handle your books properly. Then we ensure you have a strong relationship with your Bookkeeping team and can reach them at any time with questions and concerns. Finally, we look to be proactive finding opportunities for our customers to save on expenses, capitalize on market opportunities, and grow as smart as possible. We’re all about the customer experience and work tirelessly to make sure our customers are happy with us as their bookkeeping partner.

We take the time to get to know your business, balance the books, then provide you with monthly reports. On both plans, we provide you with a monthly Profit and Loss Statement, Balance Sheet, and Cash Flow Statement. We also offer eCommerce specific product sales reports, employee payroll reports, AP & AR management, paying invoices, running payroll, yearly tax filing, and much more. If there’s a service you need that’s not on this page, simply get started and speak with us about it. 

For eCommerce businesses, sales and COGS are reported on an accrual basis. Link My Books (the tool we use to connect with eCommerce marketplaces and processors) imports all sales and COGS data under accrual basis accounting.

We don’t offer a service to accrue expenses and other accounts since that would cost significantly more time and money (and is unnecessary for most businesses).

If you are not an eCommerce business, our sister company AccountsBalance does bookkeeping on a cash basis.

We require the following for getting started: 

• Electronic transaction and expense access
• No commingling of personal expenses
• A 100% moral business — we don’t work with businesses that aren’t moral.

We can catch you up with your bookkeeping as far back as you need, depending on the availability of financial records. If you need a catch-up service for tax and compliance purposes, you must have records going back at least three to seven years, depending on local regulations.

If you just want to understand your business’s financials, you can go back as far as necessary to get the complete picture.

Several factors are involved in the catching-up process, such as the number of missing records, the complexity of transactions, and the availability of records.

On average, catching up on one year of bookkeeping with all records available can take a few days to a couple of weeks.

A few months of catch-up will be sooner, and multiple years will take longer.

The terms catch-up and cleanup might feel the same, but they are different.

• Catch-up bookkeeping involves recording missing financial transactions and keeping your records current.

• Cleanup bookkeeping’s core focus is correcting errors in your records, reconciling discrepancies, and ensuring compliance.

Often, both processes are needed together, as you might need to catch up on missing records and then clean up any inconsistencies.