When Doug first reached out to us, he was pretty sure all he needed was for someone to clean up his chart of accounts and reconcile his expenses for an especially busy month. After years of doing his own bookkeeping in free accounting software and eventually moving to Quickbooks, Doug had proven himself an adept learner. 

Doug was busy adding to his investment portfolio, scooping up houses, flipping foreclosures, and working with a property manager to keep good tenants, and though he’d been busy he thought any mistakes would be minor. 

Doug thought his bookkeeping was pretty clean, and that it would be pretty straightforward, but he was wrong!

All it took was one clean up session to see where Doug had made a few common mistakes.

During our initial consultation, we discovered that Doug was only reconciling expenses, not bank statements, and that expenses weren’t always categorized correctly, with reimbursable and write-off expenses sometimes slipping through the cracks. On top of that, a common error in setting up charts of accounts had led to duplicate data feeding into his P&L. Doug was also using the Write Checks tab instead of the Payroll function, which was causing payroll expenses to be categorized as purchases.

Doug was surprised to see just how many errors there were, but knowing it would be worth the investment, he hired Akif CPA for a bookkeeping cleanup. We were able to clean up errors, reorganize flow, and help Doug get a better handle on his system.

But, in the process, there was much more in store for Doug.

During the clean up, we also discovered that Doug had been logging good-faith investments and loans from family and friends as income, and was paying unnecessary taxes on over $15,000!

In the end, not only did Doug end up with cleaner books, a better workflow, and a long-term solution to ongoing bookkeeping, he also secured an additional $5,200+ in tax savings!

….All because of one time clean-up consultatiod