The hidden cost of catching up twelve months of records in one sitting.
Yes. Catching up twelve months of records at year end usually costs more because missing invoices and unreconciled transactions take longer to reconstruct than keeping books current each month.
Catching up a year of receipts in one sitting almost always takes longer and costs more than keeping books current. Missing invoices, unreconciled bank lines and VAT already filed on incomplete records all have to be unwound.
Monthly bookkeeping is cheaper because the questions are still fresh and the bank feed is still matching.
We'll review your current accounting setup and show you where you could save time, money and tax.