What We Look For During a Monthly Bookkeeping Review
For many small business owners and private practice professionals, bookkeeping can feel like a necessary chore - something that just needs to be “done.” But at BookWise, we believe your monthly bookkeeping review should do more than check a box. It should give you a clear, reliable picture of your finances that you can actually use to run your business.
A monthly review isn’t just about reconciling numbers. It’s about making sure your financial data is accurate, up to date, and ready to guide better decisions.
Here’s what we look for during each monthly bookkeeping review:
1. Full Reconciliation of Bank and Credit Card Accounts
We make sure every transaction has cleared and matches your actual account activity. No gaps, no duplicates, just a clean, reconciled record you can trust.
2. Correct Transaction Categorization
Misclassified expenses can skew your financial reports and mislead your decision-making. We double-check that income and expenses are categorized accurately, not just "close enough."
3. Current, Timely Entries
Books lose their usefulness when they lag behind. We ensure your income and expenses are up to date so you're always working with the most recent data, not last quarter’s picture.
4. Reports That Reflect Reality
Your reports should make sense and mirror what’s really happening in your business. If something looks off, we investigate, not just gloss over it.
5. Questions and Red Flags Get Followed Up
If anything stands out, like duplicate charges, odd fluctuations, or missing income, we flag it and follow up. Our goal is to make sure nothing slips through the cracks.
We want your books to be more than “done.” We want them to be clear, reliable, and actionable - so you can make confident financial decisions month after month.
Need support you can count on?
Let’s talk about monthly bookkeeping services that help you stay on track - without the stress.
BookWise Bookkeeping
Phone 314-325-2478
info@bookwisestl.com