Nine months of miscoded job costs, cleaned up in eight business days

A general contractor running two crews had kept its own books in QuickBooks Online. The file was current, in the sense that transactions were going in, but nobody could say what any job had cost. Every material purchase sat in one expense account, owner draws were booked as expenses in five of the nine months, and two equipment loans had never been checked against the lender.

Checking and the credit card had been reconciled for the first few months and then stopped. The loans had never been reconciled at all. The firm’s tax preparer wanted job-level margins before filing, which the file could not produce.