Catch-Up Cleanup

Loan-ready books: clean, current, and ready for the bank

Short answer: The Catch-Up Cleanup fixes up to 12 months of an owner-operator's books for $750 (up to 24 months or 6 accounts for $1,250) and delivers a lender package: profit and loss, balance sheet, debt schedule, settlement reconciliation and written explanation notes. It takes ten business days from complete records and timely answers to our questions. Already on Monthly Books? Your books are kept loan-ready every month, and the package is $250 when you need it.

Loan-ready is what good bookkeeping looks like from a lender's side of the desk. The same clean books tell you where your business stands every month, whether or not you ever borrow.

What we fix

• Every bank, card and loan account reconciled to its statements, with duplicate payments removed. When a bank and a card both feed QuickBooks, every card payment can show up twice; we find the twins.
• Gross pay and each carrier deduction recorded separately. Your bank sees the net deposit; your carrier's 1099 reports the gross. We record the gross, book each deduction to its account, and compare the year's income with the 1099, with any difference documented.
• Escrow shown as your asset. Money the carrier holds in escrow is still yours. It belongs on your balance sheet, not in your expenses.
• Business and personal separated using rules you set on a short call, all documented.
• Loan payments split into principal and interest from your lender's own figures, so the balance on your books matches the lender's.
• Old mistakes corrected cleanly. Errors from years already filed are corrected without touching those returns, and listed for your tax preparer.

What's in the lender package

1. Year-to-date profit and loss, and the prior year if we kept it
2. Balance sheet as of the last month closed
3. Debt schedule: every loan and card with lender, balance, payment, rate, maturity and collateral
4. Settlement reconciliation summary: each weekly sheet tied to its deposit and to the carrier's year-to-date total
5. Debt payments summary: the scheduled payments on your current loans and cards, from your lenders' records
6. Explanation notes for the questions lenders ask owner-operators, such as one carrier as your only customer, gross versus net income, or bank balances that dip negative over a weekend while a Friday deposit posts
7. An index of the documents only you can supply: tax returns, ID, insurance certificate, lease agreement

We compile the package from your records. We don't apply for loans, recommend lenders or promise approval; the lender decides. You choose who gets the package.

What it costs

Half at signing, half on delivery. No setup fee, no per-document fee. Want to keep them clean afterward? Monthly Books is $89 a month.

What we need from you

Bank and card statements, your settlement sheets, your carrier's year-to-date summary or last 1099, loan statements, and a 15-minute call. The full list is on how it works. Read what lenders commonly ask for in our semi truck financing guide.