Bookkeeping Company Houston What is in the close
Someone asked what is inside a close, and the printout did not answer it. Inside a close you will find the tie out, the open questions, the tax held back, and the statements.
The pieces, with amounts left off
Bank reconciliation. Card reconciliation. Loan balances. Sales tax liability. Payroll reports from your provider, read in, not run here. Owner draws labeled so they are not mistaken for expenses.
A short note of what changed. If revenue jumped, the note says why, in a sentence, not a slide. You should be able to hand that note to a lender without a translator.
What is deliberately absent
No client figures are printed on this site. No sample with made up dollars. If you want to see the shape on your own file, that happens after you send a month, not on a public page.
A report that needs someone else's signature is left out on purpose. That boundary lives on the disclosures page, so this page can stay about the pieces you do get.
The tenth as a habit
The George R. Brown halls fill for shows that land on the east side of downtown. Any Texan can picture a week when those halls are packed with buyers. We still want the vendor's prior month put away before the booths open, and we ask which month that was.
Once the habit holds, the return is a summary. Before the habit holds, the return is an archaeology project. We would rather build the habit.
A close also names what you still owe the state and what you already paid the people who work for you. Those two are easy to mix when both leave the bank in the same week. We label them so a draw, a wage, and a tax payment do not wear the same name.
You should be able to ask, a month later, why cash fell and hear a short answer. The answer is an account, a date, and a reason. If we cannot give that answer, the month is not finished.
Name what is missing.
Tell us which piece of the close you do not have, and which month it belongs to.
You will be talking to the Steven Palmieri practice.