Annual Bookkeeping: Accurate Financials Without the Year-Round Hassle

Some businesses prefer to handle bookkeeping on a yearly basis. Our Annual Bookkeeping service ensures your financial records are accurate, reconciled, and ready for your tax preparer—without the stress of ongoing updates.

How It Works:

• Posting Transactions Once a Year: All transactions and receipt paperwork from the prior year are entered and matched to your bank feed in QuickBooks.

• Complete Reconciliation: Banking, credit card, and loan accounts are reconciled to ensure everything balances accurately.

• Timely Year-End Completion: All work is completed by February 25th following the year-end.

• Handling Unknowns: Any unknown transactions are posted as uncategorized. Late submission of receipts or paperwork may result in change order fees, as work is performed only once per year for the previous year.

Benefits:

• External: Your financial records are fully reconciled and ready for your tax preparer, eliminating last-minute scrambling.

• Internal: Gain peace of mind knowing everything is accurate and compliant, even with a once-per-year update.

Bottom Line:

Annual bookkeeping offers a stress-free way to keep your finances in order for tax purposes. Even with minimal updates, you can trust your records are accurate, complete, and compliant—giving you confidence going into the new year.