Consultant, single-member LLC. QuickBooks had pulled in three months of bank feeds, so he thought his books were done. Not one line had been posted.
- $1,670Less federal tax, from costs hiding on his personal cards
- $10,072Of income a customer's 1099 would show and his books did not
- 10Hours from first access to a clean, reconciled file
- 81%Of his costs sitting on personal cards on arrival
The file. 51 bank lines waiting, no chart of accounts built for the business, $10,072 of income missing and 81% of his costs on personal cards. Inside 10 hours the ledger was rebuilt around how a consulting business spends, 327 card lines read one by one, and every account reconciled to the cent for July, August and September.
The money he was owed. His personal cards held 88 business charges worth $5,474: software, phone, filings and advertising, with 224 personal charges kept out. On his Schedule C that is about $1,670 less federal income and self-employment tax, and no state income tax on top. At $149 a month, that alone pays for the next 11 months.
The thing a bookkeeper would not have seen. His first month's invoice, $10,072, was paid into his personal account, so no bank feed ever showed it. A feed-only bookkeeper leaves it out, the customer's 1099-NEC reports it to the IRS anyway, and that mismatch is what a CP2000 letter is for. The first CFO note caught it, booked it, and reset his estimated tax on the real profit, before the IRS did it for him with penalties and interest attached. That note cost him nothing because his first month was free.
Every month since. Feeds reconciled every week, every personal card charge sorted, and a note on the fifth business day that says what the numbers mean and what to do about them. Closed by the fifth business day, or that month is free.