Sample Issues Solved

Handling Accounts Receivables within Two Different Systems (at the same time)

My client, Amelia, owns an architecture design business and has hired AccuraBooks to do two things: Maintain the bank/credit card reconciliations on a monthly basis. Maintain the “back-office” Accounts Receivables. Amelia desires to always maintain the “front-office” Accounts Receivables by creating the invoices herself and submitting them to her clients, then later on she will

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Spec & Custom Homes Bookkeeping Clean Up

My client, Kimberly, is the owner of a home building business and specifically Kimberly builds both Spec and Custom homes. Kimberly hired AccuraBooks to catch up and clean up the entire bookkeeping system to help close out the previous fiscal year and to catch up the current fiscal year. Kimberly needed all of this bookkeeping

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Job-Costing Without Using a Complicated Items List

My client, Amelia, is a sole general contractor and has hired AccuraBooks to maintain the bookkeeping for her sole long-term construction contract. Each month Amelia receives funds from her client to pay for her administrative/management fees and also pre-payments (deferred income) for upcoming job labor and materials expenses.   For her bookkeeping, Amelia does NOT

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Bookkeeping for Loan Refinance

My client, Sophia, has recently obtained mortgage refinancing for two of her properties and has asked AccuraBooks (her current bookkeeping service provider) to make these entries into the bookkeeping platform. In particular, Sophia was able to close out (pay off) the old loan and obtain a much higher loan as part of the terms for

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Property Purchase for Rentals Bookkeeping

My client, Ava, has purchased properties that she will be using to rent out to tenants. Ava has hired AccuraBooks to be in charge of all the bookkeeping for these endeavors. Specifically, Ava owns three condominium units; each of these units must be treated as if each was an actual separated housing structure. So, to

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Reconciling the Payroll

My client, Barbara, recently applied for and received research and development funding for her business endeavors. This funding requires Profit & Loss reports to be submitted to board members each month for review. The problem we faced here, per the Accountant, was that the payroll summary reports from the outsourced payroll services company, must match

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Liability Catch-up

Recently I was hired on by my client, Maria, to take over the bookkeeping for her home design and remodeling company. There was an enormous amount of bookkeeping catchup and cleanup needed for her company because Maria had not had a bookkeeper nor maintained most of the bookkeeping for the past four months. After catching

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Owner Personal Loan to Small Business

My client, Mary, recently made a personal loan to her small business in the amount of $20,000. This personal loan actually originated from a bank, in which Mary took out in her own name, then she transferred these funds to her business bank account. This loan is also charging interest in which Mary will have

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Deferred Income for Job Build

My client, Katie, currently owns and operates a small home remodeling business. Each month, her client sends to her a $60k check payment as an upfront or prepayment for materials & labor costs. Then Katie proceeds to purchase the necessary materials and labor to continue the project for her client. As Katie’s bookkeeper, I do

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Handling Payroll Errors

My client, Elizabeth, had multiple payroll bookkeeping errors. I always advise clients to never fall into payroll errors and never let them fester and go ignored as these usually can have a direct effect on a payroll tax form or even a payroll tax payment. Elizabeth’s payroll bookkeeping errors were: Using two different bank accounts

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