Bookkeeping Cleanup
Accounting & Bookkeeping Glossary
Definition
A bookkeeping cleanup (also called catch-up bookkeeping) is the process of fixing months or years of messy, incomplete, or neglected financial records. This typically involves re-categorizing transactions, reconciling all accounts, and producing accurate financial statements. It's common after a bookkeeper quits, during a business transition, or when tax season reveals gaps you've been ignoring.
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