Why “Clean Enough” Bookkeeping Turns Into IRS Trouble (Bookkeeping Mistakes That Trigger Audits)
Why “Clean Enough” Bookkeeping Turns Into IRS Trouble Most business owners think their books are “good enough.”The numbers look right.The bank account roughly matches.The reports export.Nothing seems obviously wrong. But “clean enough” bookkeeping is one of the most dangerous financial traps a business can fall into—and one of the leading bookkeeping mistakes that trigger audits. […]
The Audit-Ready Chart of Accounts: How to Structure Your Books for Accuracy and Compliance
The Audit-Ready Chart of Accounts: How to Structure Your Books for Accuracy and Compliance Your Chart of Accounts is the backbone of your bookkeeping system. If it’s messy, outdated, overly generic, or missing essential categories, your financials will always be wrong—no matter how much you reconcile. Most businesses don’t realize that errors in their Chart […]
Top 10 Missed Deductions for Service-Based Businesses (Service-Based Business Tax Deductions You Shouldn’t Miss)
Top 10 Missed Deductions for Service-Based Businesses (Service-Based Business Tax Deductions You Shouldn’t Miss) Service companies—from contractors and HVAC techs to consultants and home-service pros—miss thousands of dollars in service-based business tax deductions every year. Not because they don’t qualify for them, but because their bookkeeping isn’t structured to capture them. If your books are […]
How to Know If Your Books Are Lying to You (Bookkeeping Mistakes to Watch For)
How to Know If Your Books Are Lying to You (Bookkeeping Mistakes to Watch For) Most business owners assume their books are “fine”—until something breaks. A tax bill looks too high, cash flow feels tight for no reason, revenue doesn’t match deposits, payroll suddenly seems off… or worse, the IRS sends a letter. These are […]
Will You Change Past Tax Filings?
Countdown to Tax Day 0 Days0 Hours0 Minutes0 SecondsDon’t wait—get your books tax-ready with Giesler-Tran Bookkeeping! Will You Change Past Tax Filings? Wondering if your past tax filings will be changed as part of a bookkeeping catch-up? Here’s what you need to know about how Giesler-Tran Bookkeeping supports you with prior-year records and tax filings. […]
Can You Fix Prior Year Bookkeeping or Only the Current Year?
Countdown to Tax Day 0 Days0 Hours0 Minutes0 SecondsDon’t wait—get your books tax-ready with Giesler-Tran Bookkeeping! Can You Fix Prior Years or Only the Current Year? Great question! At Giesler-Tran Bookkeeping, we understand that bookkeeping challenges don’t always happen in just one year. Whether you’ve fallen behind recently or have several years of records to […]
How to Catch Up on Bookkeeping Cleanup Fast Before Tax Season.
Countdown to Tax Day 0 Days0 Hours0 Minutes0 SecondsDon’t wait—get your books tax-ready with Giesler-Tran Bookkeeping! How to Catch Up on Bookkeeping Fast Before Tax Season Short version: stop the panic → get prioritized, tax-critical books ready → avoid penalties and surprises. Follow this battle-tested sprint or hand it to professionals to run an emergency […]
Cash vs Accrual Accounting: Which Is Right for Your Small Business?
Use cash basis for simple businesses with low receivables/inventory and when you want straightforward cash tracking. Use accrual basis for businesses with inventory, significant receivables/payables, or when seeking lenders/investors — accrual gives a more accurate picture of performance. On the go? Listen on The Deep Dive — where we dig deeper into this topic: ‘Cash vs. […]
How to Prepare for a Bookkeeping Cleanup — Checklist & Worksheet | GTB
Export 12–24 months of bank/credit-card statements, merchant payouts, payroll reports, vendor invoices, prior tax returns, and your current Chart of Accounts. Label files by month and vendor, provide access to accounting software, and highlight problem areas to prioritize. A well-prepared handoff reduces cleanup time and cost. How to Prepare for a Bookkeeping Cleanup Engagement On […]
Can a Bookkeeper Help During an IRS or State Audit? — GTB
Can a bookkeeper help during an IRS or state audit? TL;DR: Yes. A bookkeeper can prepare organized records, produce reconciliations, and supply supporting schedules; they cannot act as legal representation but can work alongside your CPA or enrolled agent to provide the documentation auditors request. On the go? Listen on The Deep Dive — where […]