STONEBROOK PARTNERS

Business Consultants

Many small and medium sized businesses will eventually run into a familiar problem: Their QuickBooks files don’t seem to make sense. There are many different ways a business owner starts suspecting that he has this problem: The “Net Income” doesn’t seem right, the Balance Sheet numbers are totally out of whack, Customer or Vendor balances are wrong. The balance in the bank account is off. A business owner might not even realize it until he goes to the Accountant to file taxes, or to the bank for a loan, and he is told that his financials don’t make sense – he needs to clean up his books.

When a business owner finally accepts that he needs help, he is faced with an even larger problem – where to find help. Generally, accountants don’t have the time, patience and expertise to clean up QuickBooks files beyond a few small General Journal Entries, a band aid that might help temporarily to file taxes but won’t fix the deeper problem. The business owner that wants to really understand his business and make sure he is tracking everything correctly and accurately, will want his QuickBooks file cleaned up properly.

Enter Stonebrook Partners. Our team of forensic accountants has been cleaning up QuickBooks files for more than 10 years. By reviewing the transactions thoroughly and in detail, we ensure that the final reports and ledgers are accurate, complete and reliable. Business owners and accountants have come to rely on us to clean up and update financial records to ensure proper reporting and an accurate understanding of the entire business.

When your books are organized:

Your investors receive accurate reports
Applying for a bank loan is a simple and straightforward process
Your accountant will be able to easily file your taxes
Your financial reports are accurate and reliable, enabling you to better understand your business, the profits or losses, and the bottom line
Tracking your Accounts Payable, Accounts Receivable, overhead expenses, credit card balances and other liabilities is an uncomplicated process, thereby ensuring your business is being run properly
No difficulty providing necessary paperwork and accurate information during an IRS or State audit.

When your books are disorganized:

Investors will not receive accurate reports
The books will need to be organized before applying for a bank loan
Accountants will charge a lot to organize the books before they can file taxes
Difficulty in knowing if your increasing or decreasing your capital
Difficulty tracking if vendors are double billing, if customers are paying, if overhead is bloated, and how much is owed on your credit cards. This in turn prevents your business from being properly managed
IRS and State audits will be difficult. People have been sent to jail for bookkeeping “mistakes”.

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