Periodic Financial Reviews - Keep Your Books in Good Order

What Regular Reviews Provide

When you schedule periodic financial reviews, you receive ongoing attention to the health of your accounting records. We examine your account balances, verify that transactions are properly recorded, and identify any discrepancies or areas that need adjustment.

This regular oversight means problems are caught while they're still small and easy to address. Instead of discovering issues months later during year-end closing or tax preparation, you learn about them promptly and have time to make corrections without stress or rush.

Each review concludes with a summary of our findings and practical suggestions for maintaining accuracy going forward. You'll know exactly where your records stand and what, if anything, needs your attention.

Common Concerns We Address

Many businesses find that their bookkeeping gradually drifts off course over time. Small errors accumulate, reconciliations fall behind, or transactions get categorized inconsistently. By the time these issues are noticed, correcting them can feel overwhelming.

Perhaps you've experienced the anxiety of not being quite sure whether your books are accurate, or the frustration of scrambling to clean up records when you need reliable financial information quickly. Maybe you've discovered mistakes too late to prevent complications with tax filings or financial decisions.

These situations are understandable and common. The challenge is that without regular review, it's difficult to know when things have gone off track. Having scheduled check-ins provides the reassurance that comes from knowing someone is keeping watch.

How Our Review Process Works

Each review follows a structured approach designed to cover the most important aspects of your financial records. We examine your bank reconciliations to ensure they're current and accurate. We verify that revenues and expenses are properly recorded and categorized. We check balance sheet accounts for unusual items or discrepancies.

As we work through the review, we make notes of anything that needs attention or correction. These might be minor items like miscategorized transactions, or more significant concerns like missing documentation or unclear entries that need clarification.

At the end of each review, we provide you with a written summary of what we found, along with specific recommendations for improvements. If there are corrections to be made, we explain what's needed and why, so you understand the reasoning behind our suggestions.

The Experience of Regular Reviews

Depending on your preference and needs, reviews can be scheduled monthly, quarterly, or semi-annually. Many businesses find that quarterly reviews strike a good balance between staying current and managing the time commitment involved.

Each review typically takes between three to five business days from start to finish, depending on the volume of transactions and complexity of your records. We work independently for most of this time, reaching out only when we need clarification or additional information from you.

After completing our examination, we schedule a brief meeting to discuss the findings. This is your opportunity to ask questions, understand any issues we discovered, and talk through the recommendations we're making.

Over time, you'll likely notice that the reviews become smoother as we help you establish better practices and as small issues are caught and corrected before they compound. The process becomes a routine checkpoint rather than a source of concern.

Investment in Ongoing Accuracy

$1,800

Per review

What Each Review Includes

Comprehensive examination of all account balances and activity
Verification of bank reconciliation accuracy and completeness
Review of transaction coding and categorization consistency
Identification of discrepancies, errors, or unusual items
Written summary of findings with clear explanations
Practical recommendations for maintaining accuracy
Follow-up discussion to review findings and answer questions

This pricing applies whether you choose monthly, quarterly, or semi-annual reviews. The frequency you select depends on your business volume, complexity, and how closely you want to monitor your financial records.

The value of regular reviews extends beyond catching errors. They provide ongoing peace of mind, help you make better-informed financial decisions, and make year-end closing significantly smoother when the time comes.

Measuring Review Effectiveness

The effectiveness of our reviews shows up in several ways. Most directly, you'll see a reduction in errors and discrepancies over time as issues are caught and corrected promptly. Your bank reconciliations stay current, your account balances remain accurate, and your financial records provide reliable information when you need it.

You'll also notice that year-end closing becomes much simpler when you've had regular reviews throughout the year. Instead of discovering and correcting a full year's worth of issues at once, the books are already in good order and closing moves along smoothly.

Perhaps most importantly, you'll have confidence in your financial information. When you need to make a decision or answer a question about your business finances, you can trust that the numbers you're looking at are accurate and current.

Our Promise to You

We approach each review with thoroughness and care, treating your financial records with the attention they deserve. If we miss something during a review that should have been caught, we'll address it promptly at no additional cost.

Before you commit to a regular review schedule, we're happy to discuss your specific situation and whether this service makes sense for your needs. We can also conduct a single review first, so you can experience the process and see the value before deciding on an ongoing arrangement.

You're welcome to adjust your review frequency as your needs change. Some businesses start with monthly reviews and move to quarterly once things are running smoothly. Others find that their needs vary with business cycles. We're flexible in working with what serves you well.

Getting Started with Reviews

1

Initial Discussion

Contact us to discuss your current bookkeeping situation and what frequency of reviews might work for your business. We'll answer your questions about the process.

2

Review Schedule

We'll establish a schedule that works with your business calendar and set up the first review at a time that's convenient for you.

3

First Review

We conduct the initial review, which helps establish a baseline and identifies any areas that need attention. This first review provides a thorough assessment of your current record-keeping.

4

Ongoing Partnership

Subsequent reviews follow the agreed schedule, with each one building on the previous work to maintain and improve your financial record accuracy.

Starting sooner means catching and addressing issues earlier, but we can begin a review schedule at any point in your fiscal year.

Ready to Keep Your Records in Good Order?

Let's talk about establishing a review schedule that works for your business. We'll help you maintain accurate, organized financial records throughout the year.

Discuss Review Options

Explore Our Other Services

We offer additional services designed to support your financial management needs at different points throughout the year.

Year-End Close & Reporting

Managing the year-end closing process with care and thoroughness so your annual financial picture is complete and accurate.

$4,200

Learn More

Financial Close Process Optimization

Streamlining your month-end and year-end closing procedures to reduce turnaround time and improve accuracy.

$4,800