Loan Ready Bookkeeping, explained.
Lenders look closely at your financial statements. If the books are not reconciled or the categories do not make sense, the application slows down or gets declined.
Loan ready bookkeeping gets the books reconciled and cleaned, then prepares a balance sheet, profit and loss statement and cash flow statement that a lender can read without questions.
If the books are behind, catch-up work is done first so the statements cover the full period the lender asks for.
What happens, step by step.
Review what the lender needs
Periods and reports the lender has asked for.
Clean and reconcile
Every account reconciled for the period.
Prepare statements
Balance sheet, P&L and cash flow.
Answer follow-up questions
Support when the lender asks about a number.
Common questions
Do you prepare tax returns for the loan?
No. The work covers clean books and financial statements. Tax returns are prepared by licensed professionals.
How quickly can statements be ready?
That depends on the state of the books. The timeline is agreed after a review.