The client is from the waste paper recycling industry. They were switching from QB Desktop to Online but duplication happened due to the import of data and adding transactions manually. The client has two companies, one in QB Desktop and one in QB Online and their 2021 was not cleared due to duplication and error in recording bills payment. We helped the client with the following tasks.
• To match 2020 QB Balances with Tax Return
• Preparing proper chart of accounts for client
• Recording 2021 & 2022 Transactions
• Bank reconciliation, Credit card reconciliation, Payroll reconciliation, A/R, and A/P Reconciliation
• Correction of errors while reviewing books
• Passing adjustment entries for loan and owner’s capital
• Review of Books
• Preparing Financials for client
