Bookkeeping Reviews

We believe that every business's books can benefit from having the trained eye of a tax and accounting expert look over them periodically. Even for experienced bookkeepers, there may be issues with significant tax implications that would go unnoticed by someone without a deep background in tax law and compliance. A regular bookkeeping review is one of the most valuable investments a Denver business owner can make in the accuracy of their financial records.

Whether you handle your own bookkeeping, employ an in-house bookkeeper, or use a third-party service, our review process is designed to ensure that your records are accurate, complete, and optimized for both financial reporting and tax preparation.

What Our Bookkeeping Reviews Cover

We provide periodic reviews of our clients' QuickBooks files and other accounting data to ensure you are seeing the most useful information possible for your business and that your tax returns can be filed accurately and efficiently. Our review process examines your chart of accounts, transaction categorization, reconciliation status, and overall data integrity.

These reviews can be performed on a monthly, quarterly, semi-annual, or annual basis depending on your needs and the complexity of your business. For many Colorado businesses, quarterly reviews strike the right balance between staying current and managing costs.

Key Areas We Examine

• Proper classification of income and expenses for tax purposes
• Bank and credit card reconciliation accuracy
• Payroll liability accounts and compliance
• Sales tax collection and remittance accuracy
• Asset capitalization and depreciation entries
• Intercompany transactions and owner draws
• Year-end adjustments and accruals

QuickBooks ProAdvisor Expertise

As certified QuickBooks ProAdvisors, our team is also available to assist you in setting up your books and training you or your employees in the best way to use the software. If our review uncovers opportunities to improve your QuickBooks configuration or workflows, we can provide hands-on guidance to help your team work more efficiently.

The Value of Professional Review

Many Denver business owners discover during our review process that small but persistent bookkeeping errors have been compounding over time -- leading to inaccurate financial statements, missed deductions, or potential compliance risks. By catching these issues early, a periodic review can save significant time and money when it comes to tax preparation and financial planning.

Our reviews also serve as a valuable training opportunity. We provide detailed feedback and recommendations so that your bookkeeping improves over time, reducing the likelihood of recurring issues and giving you greater confidence in your numbers.

Contact our firm today to discuss your accounting needs and how we can assist you. A bookkeeping review is a straightforward way to gain peace of mind about the accuracy of your financial records.