How to Get Your Books Ready for Your CPA
By Cole Kline, Founder, Edge Operations Managers
Your CPA works faster when the books are current and tie to the bank. Most of that comes down to two monthly habits: reconciliation and categorization.
Checklist
- Every bank and credit card account reconciled through the last month
- Every transaction categorized, with no uncategorized items left
- Unclear transactions answered, not guessed
- Personal and business spending kept separate
- Access ready for your CPA in your accounting software
What your CPA does from there
Your CPA reviews the books, makes any adjustments they decide on, and handles tax returns and advice. A bookkeeper does not do that work.
Edge bookkeeping is reconciliation and categorization only. It is not accounting, tax preparation, tax advice or CPA work.
Related: Virtual bookkeeping services