Is your company financially fit?
Get a thorough bookkeeping health check to identify hidden issues, improve accuracy, and adhere to accounting standards. Fill out the following form to connect with the financial experts.
What is a bookkeeping health check?
The bookkeeping health check is a detailed review of financial documents, ledgers, and accounting processes. It was developed to identify contradictions, outdated practices, and compliance risks. It also ensures that your books are accurate, reliable, and ready for audits.
Why is bookkeeping necessary?
Early Error Detection
Recognizes transactions, misclassifications, or incorrect entries in the early stages. This ensures that you do not get trapped in any serious financial issues or reporting obligations.
Compliance Guaranteed
Our team ensures that we adhere to changing tax regulations, accounting standards, and reporting obligations. We implement an accounting system that respects legal and formal regulations.
Financial improvement
Set up bookkeeping in a way that allows for financial visibility. This results in grounded business decisions, full-scale budgeting, and cash flow management.
Prevent fraud and leaks
A systematic review of financial transactions and internal control tests allows you to find unauthorized fees or fraudulent transactions in the early stages.
Preparing for growth
Clean and current figures are of paramount importance to business development and investors.
Why Choose Us?
Review of bank and credit card reconciliations
Ensures all transactions are accurately recorded, identifies discrepancies, and confirms the integrity of financial records with proper reconciliation between bank statements and accounting data.
Ledger and journal entries review
Verifies the accuracy and completeness of financial entries, ensuring compliance with accounting standards and highlighting errors or inconsistencies for correction and improved reporting.
Evaluation of the structure of the chart of accounts
Assesses account classification for clarity, consistency, and efficiency, facilitating better financial tracking, reporting, and decision-making across all departments.
Review of aged payables and receivables
Analyzes overdue amounts to identify collection or payment issues, improve cash flow management, and reduce financial risk through timely follow-up actions.
Investigation of salary statements and tax compliance
Examines payroll records for accuracy and ensures adherence to tax regulations, avoiding penalties and maintaining legal and financial integrity.
Our Working Process
01
First consultation
- A short, focused understanding of business requirements and accounting structure. This will be a short, focused discussion.
02
Expert record review
Experts look at accounting documents, i.e., gaps and inaccuracies
03
Findings Report
A detailed report on issues, risk areas, and improvement advice that can be implemented..
04
Recommendations and Support
- Please see suggested fixes, software tips, and ongoing support, if necessary.
What Do Clients Say?
Alex Vontex Max
20 days ago
“I can’t recommend KB Accounts enough! Their team is incredibly professional, knowledgeable, and responsive.
Ron Bradley
20 days ago
“KB Accounts has been a lifesaver for my small business. They took the time to understand my needs and provided tailored solutions
David O'Connor
10 days ago
“Working with this team has been a game-changer for our business. Their accounting and finance services are not just
Some Important Common Questions About BAS Bookkeeping
Who needs accounting tests?
Any company that requires clean accounting documents, accurate financial records, audit preparation, tax registration, or investor funding.
How often do you perform bookkeeping health checks?
You need to perform bookkeeping health checks at least once a year. You also need to do it before performing any significant financial transactions, such as mergers or expansions.
Is my data safe during the review process?
Yes, we keep your information confidential and follow strict industry guidelines for data protection.
How long does it take for the health checkup?
It usually takes about 3-5 business days for general audits. The time also depends on the complexity of the records.
What documents do I need to share with the team?
You need to share bank statements, financial reports, ledgers, tax filings, and payroll summaries with the team.
Can you help fix the issues you detect during the health check?
Yes. We provide continuous support to our clients and help them make bookkeeping corrections.
Do I need accounting software for the process?
No. However, having one can help speed up the process. We work with all major accounting software applications.
What industries do you cover?
We work with businesses across all sectors. This includes retail, health, services, the manufacturing industry, and more.
Is this a recurring service or a one-time service?
Our health checks are a one-time service. However, we can do this periodically if needed by the client.
What are the charges for the service?
The service charge depends on the size of the business and the records. Please contact us after your initial consultation to receive your personalized offer.
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