What is Catch Up Accounting?
Catch-up accounting involves reviewing an organization’s past bookkeeping, accounting, and financial practices over a specific timeframe to ensure compliance.
Numerous small businesses require some form of catch-up accounting. The reality is that small business owners are not necessarily accounting experts, and prioritizing the growth and operations of their businesses is their primary focus. However, ensuring financial accuracy may not have been at the forefront of their considerations.
Inaccurate books can result in limited access to loans, credit cards, and even potential funding opportunities.
During the early days of the pandemic, the SBA provided businesses with PPP loans that were 100% forgivable, low-cost, and relatively easy to qualify for. However, accurate data was a prerequisite for application.
No matter how your finances have been managed before, it's time to set things right now.
GoBiz has the knowledge and expertise to help you catch up on your books and pave the way forward. Get Free Consultation Now!
Do you think our catch-up services could be of assistance?
Contact us today to discover how accurate accounting data can benefit your business.
