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IRS & Financial ConsultingLake Mary, FL· Construction company

Lake Mary Construction Company — 24-Month Bookkeeping Cleanup

24
Months cleaned
$19,000
Refund recovered
4,800
Transactions recategorized

The challenge

Owner had stopped reconciling QuickBooks 24 months prior. Estimated tax payments were guesses; cash and AP were untrustworthy.

Our approach

  • Reconciled 24 months of bank, CC, and loan accounts.
  • Recategorized 4,800 transactions to project-cost categories.
  • Built WIP schedule and updated revenue recognition.
  • Filed amended estimated tax payments.

The outcome

Books closed and clean. Amended Q estimates triggered $19K refund. Owner now uses real-time WIP for bidding.