CloudsCreditRepair™ FAQ

What is bookkeeping?

Bookkeeping is the ongoing process of recording, categorizing, and reconciling every business financial transaction so the resulting financial statements are accurate.

Explanation

Good bookkeeping is the foundation for tax filings, financial statements, lender packages, and operational decisions.

Most lenders require bookkeeping to be current within 30 days at the time of application.

Examples
  • Recording income and expenses
  • Categorizing to a chart of accounts
  • Reconciling bank and credit card accounts
  • Producing monthly financial statements
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