The Ultimate Guide to Bookkeeper Cleanups

💼Bookkeeper cleanups are common in the industry and involve fixing errors and mistakes in a client's books.

⌛️The time frame for a cleanup depends on the client's needs and the scope of the project, usually ranging from 10 to 30 hours.

💰There are different pricing methods for cleanups, such as hourly rates or fixed value pricing. It's important to consider the value of the service provided.

📚Documents needed for a cleanup include access to the client's accounting software, bank statements, and possibly tax returns.

🔍Familiarize yourself with the issues by exploring the client's books, reviewing financial statements, and understanding the reconciliation status.

What causes the need for a bookkeeper cleanup?

—Bookkeeper cleanups can be necessary when a client's books are riddled with errors, mistakes, or have been neglected for a long time.

How long does a cleanup typically take?

—The duration of a cleanup depends on various factors, such as the number of years being cleaned up and the complexity of the client's accounts. It usually ranges from 10 to 30 hours.

How should I price my bookkeeper cleanup services?

—You can charge for cleanups by the hour or use fixed value pricing. Consider the value of the service and communicate pricing clearly with the client.

What documents do I need for a bookkeeper cleanup?

—Access to the client's accounting software, bank statements, and potentially tax returns can be useful for performing a cleanup.

How can I familiarize myself with the issues in a cleanup?

—Start by exploring the client's books, reviewing financial statements, and understanding the reconciliation status. This will help you identify the problems and plan your cleanup strategy.

00:00Introduction to bookkeeper cleanups and the purpose of the video.

02:00Causes of bookkeeper cleanups and the importance of understanding the client's needs and time frame.

07:30Different pricing methods for bookkeeper cleanups and the consideration of the value of the service.

09:30Document requirements for a bookkeeper cleanup, including access to accounting software, bank statements, and tax returns.

13:30Tips on familiarizing yourself with the issues in a cleanup, such as exploring the client's books and reviewing financial statements.