Assessing Your Foundation

This client needed an experienced accountant to come in and assess their books.



They had been on QuickBooks Desktop but lost 3 years’ worth of accounting when their server crashed. When recreating those 3 years, they failed to reconcile and close the books properly and file taxes on these books. They were also using a payroll company that charged them outrageous prices for payroll and 401K funding. They were required to enter their payroll details which allows for human error on data entry.


Core Growth Strategies moved the company to QuickBooks Online, properly closed and cleaned up their books using source documents, and reconciled their bank statements. We took over their payroll and 401K funding. We then reviewed this with their CPA who suggested amending the taxes for those 3 years.


The partners each received $76,000 back from their tax returns and are saving over $900 a month on their payroll service. We continue to maintain their books and payroll. We are also in the process of migrating their accounting to the cloud, as well as streamlining their workflows and technologies. We are working with them to develop a cloud-based management system and profit strategy.