CreditReady Books offers small businesses a range of bookkeeping and accounting services to help gain access to the capital you need to grow.
Financial Cleanup
Starting at $1,500 per year reconciled
(Discounted with ongoing Bookkeeping Services)
Financial and bookkeeping cleanup, also known as financial reconciliation or accounting cleanup, is the process of reviewing, correcting, and organizing financial records to ensure accuracy, completeness, and compliance with accounting standards.
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Review the Chart of Accounts for accuracy and make adjustments as necessary to reflect the proper categorization of income and expenses
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Ensuring that all transactions recorded in the accounting system match the transactions shown on bank statements.
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Analyzing expense accounts to identify unauthorized or improperly recorded expenses and making adjustments to ensure accurate reporting.
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Verify the accuracy of inventory records, and reconcile physical inventory counts with recorded inventory balances.
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Identify and rectify discrepancies in accounts receivable balances, such as unapplied payments and duplicate or overdue invoices.
Review accounts payable records to address any outstanding bills, duplicate payments, or discrepancies in vendor balances.
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Upon reviewing fixed asset records, we will identify and update missing or improperly categorized assets in the asset registers.
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Correct errors in the general ledger, such as misclassified transactions, duplicate entries, or incorrect postings.
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Correcting any errors or inconsistencies in financial statements to accurately reflect the business' financial position and performance.
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Reviewing past tax filings, we identify and correct any discrepancies or errors for compliance with tax regulations. We then communicate these changes to your tax preparer to assist in amending tax returns if required.
Ongoing Bookkeeping Services
Starting at $2,500 (unless paid by lender)
Monthly bookkeeping services are designed to relieve businesses of the burden of managing their financial records while ensuring accuracy, compliance, and financial visibility for informed decision-making.
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This includes collecting financial statements such as balance sheets, income statements, cash flow statements, and tax returns. Lenders use these documents to assess the financial health and stability of the business.
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A well-written business plan outlines the company's goals, strategies, market analysis, competitive analysis, and financial projections. It provides lenders with insights into the business's viability, growth potential, and repayment ability.
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Prepare financial forecasts and projections that demonstrate the business's ability to generate sufficient revenue to repay the loan. Projections typically cover a specified period and include revenue, expenses, and cash flow estimates.
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Clearly stating how the loan proceeds will be used. This helps lenders understand the purpose of the loan and assess its alignment with the business's objectives.
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Completing and submitting a written loan request and loan application forms required by the lender. These forms typically include basic information about the business, its owners, purpose of the loan, and requested loan amount.
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If the loan requires collateral, providing documentation related to assets that will be used as collateral. This may include property deeds, vehicle titles, inventory lists, or accounts receivable records.
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We are with you all the way.
We provide ongoing support and assistance throughout the loan process. This may include addressing questions or concerns, providing guidance on managing debt, and facilitating communication with the lender.
Get CreditReady
Starting at $350 per month
Your loan officer might convey optimism, but credit administration and underwriting departments determine whether you gain access to the capital necessary for your business's operation or expansion. By presenting a comprehensive loan package, businesses can improve their chances of loan approval and secure favorable terms from lenders.
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