Bookkeeping and accounting services for small businesses in Jacksonville, the First Coast, and Northeast Florida.

Call or Text: (904) 203-8026

How do I know if my books are accurate?

The single most important check is bank reconciliation. Every bank account and credit card should reconcile to the penny against your statements at the end of each month. If your QuickBooks balance matches your bank balance after accounting for outstanding checks and deposits in transit, that account is reconciled. If it doesn’t match, something is wrong. Either a transaction is missing, duplicated, or recorded for the wrong amount.

After reconciliation, look at your balance sheet. This is where most bookkeeping errors hide. Check for negative bank balances that shouldn’t exist, accounts receivable that includes invoices customers paid months ago, or liability accounts with unexplained amounts. Every number on the balance sheet should represent something real. If you see a line item and can’t explain what it is, that’s a problem worth investigating.

Open your profit and loss report and scan through the expense categories. Do the amounts make sense for what your business actually spent? If your office supplies show $8,000 for the quarter and you know you barely bought anything, transactions are probably miscategorized. Look at your revenue too. Compare total income on your P&L to what you see in your bank deposits. They won’t match exactly because of timing, but they should be in the same ballpark.

Check for common red flags that indicate messy books. Uncategorized or “Ask My Accountant” transactions are a sign that someone kicked the can down the road. Duplicate transactions inflate both your income and expenses and throw off everything. Transfers between accounts recorded as income or expenses will make your revenue or spending look higher than it actually is.

If you use accounts receivable or accounts payable, pull up the aging reports. Are there invoices marked as open that customers already paid? Are there bills showing as unpaid that you know you settled? These reports should reflect reality. If they don’t, payments were recorded incorrectly or not matched to the right invoices.

One practical test is to pick any five transactions at random from your books and trace them back to the source document. Find the bank statement entry, the receipt, or the invoice. If all five check out, that’s a good sign. If even one doesn’t match, there may be broader issues worth digging into.

The truth is that most business owners are great at running their business but don’t have the time or background to audit their own books regularly. That’s completely normal. Having a QuickBooks ProAdvisor in Jacksonville review your financials means someone with trained eyes is catching errors before they compound into bigger problems.

If you’ve gone months or years without verifying any of this, your books might need more than a quick review. Catch-up bookkeeping can bring everything current and clean so you’re starting from a reliable foundation. Once the books are accurate, staying on top of monthly reconciliations and reviews keeps them that way going forward.

The First Coast's Trusted Bookkeeping Partner

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Tell us where things stand with your books. Whether you're months behind or just looking for reliable bookkeeping going forward, we'll give you an honest assessment and a clear price.

More Questions

Can a fractional CFO help me get funding or a business loan?

Yes. A fractional CFO prepares the financial documents lenders require, builds realistic projections, and adds credibility to your loan application. They can also help you determine how much funding you actually need.

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What's the difference between bookkeeping and accounting?

Bookkeeping is the daily recording and organizing of financial transactions. Accounting is the analysis, interpretation, and strategic use of that data. Most small businesses need both, but they serve different purposes.

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How do I keep books for multiple franchise locations?

Use separate bank accounts for each location and track financials by location within QuickBooks Online. A unified chart of accounts and standardized processes let you compare performance across locations and meet franchisor reporting requirements.

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What is catch-up bookkeeping and when do I need it?

Catch-up bookkeeping is the process of bringing months or years of unrecorded financial transactions current. You need it when your books have fallen behind and you can't file taxes, apply for financing, or see where your business actually stands.

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I haven't done my books in two years—where do I even start?

Start by gathering your bank and credit card statements for the full period you're behind. From there it's a matter of entering transactions, reconciling accounts, and producing financial statements your CPA can use to file back taxes.

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What bookkeeping software works best for a mobile service business?

QuickBooks Online is the strongest option for most mobile service businesses. Cloud access and a solid mobile app let you invoice, capture receipts, and track expenses from the field without waiting until you get home.

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Veteran-owned bookkeeping firm serving small businesses in Jacksonville and across Northeast Florida. From catch-up bookkeeping to full monthly service, we help owners get their finances in order and keep them that way. QBO ProAdvisor Advanced certified with over 10 years of accounting experience.

Location

4720 Salisbury Rd, Jacksonville, FL 32256

Client Reviews

5-Star Rated Firm

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