Our Innovative Services

Expertise | Commitment | Transparency | Value

With our flexible service packages, we can assist you with your business's Bookkeeping, Accounting, Business Compliance, CFO Consulting, and so much more!

Here at Innovation Bookkeeping and Consulting we provide an array of services to promote a Strong and Reliable Accounting foundation

Our Services

Bookkeeping Cycle

Step 1
Pre-Close Process

  • Verify that all transactions have been posted

  • Resolve any outstanding issues or discrepancies

  • Request/Download asset and liability statements

Before closing the books, ensure that all transactions are posted, asset and liability statements are requested or downloaded, and any outstanding issues or discrepancies are resolved. It is essential to check that all entries have been accurately recorded and classified properly in the Client’s accounting software.

Step 2
Close Process

  • Complete asset and liability reviews

  • Reconcile the BS, IS, and CF statements

  • Run financial statements for the period

  • Post any necessary adjusting journal entries

Start by running financial statements for the period that needs closing. The balance sheet, income statement, and cash flow statement must be reviewed and reconciled to ensure accuracy. Once this is complete, post any necessary adjusting journal entries before closing the books.

Step 3
Post-Close Process

  • Validate the accuracy of all financial reports and statements

  • Share reports with relevant stakeholders

After the books have been closed, validate that all financial reports and statements are accurate. Share these reports with the relevant stakeholders, such as the financial team and management.

Step 4
Document Management

  • Securely store all files, workpapers, statements, and receipts related to the bookkeeping close workflow

  • Schedule Client close meeting within two (2) weeks of close completion

Document all activities related to the bookkeeping close workflow for future reference. Ensure that all files, including financial statements, invoices, and receipts, are stored securely and easily accessible.

Our Client’s Experiences!

" The reputation of Innovation's founder proceeded its inception.
Kimberly and Trinity have always been exceptional - with their knowledge, skills, communications and the way they take ownership of our company's books - always making valuable suggestions for simple changes we can make to improve cash flow and profitability.
I recommend their service to any small business that wants to create a profitable business and an exit strategy. "

Paula Langguth | StoneWolf Gardens

Innovation Bookkeeping & Consulting Resources

Here are some apps we utilize and recommend for any business owner!
Click “Learn More” to check them out!

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