Prior-Year Bookkeeping Corrections NJ | When to Amend and When Not To

Prior-Year Bookkeeping Corrections NJ — Fixing the Past the Right Way

At some point, every business discovers an old error — a missing expense, misposted income, or bank reconciliation issue. The question becomes: should you fix it now or next year?

That’s where expert prior-year bookkeeping corrections NJ come in.

When to Amend Prior-Year Returns

If an error materially affects your tax liability, your CPA or tax advisor may recommend amending your return. Common triggers include:

• Missed income or expenses

• Incorrect depreciation

• Payroll or sales tax reporting errors

  
  

When Not to Amend

Minor or timing-based differences (like small rounding or posting delays) can often be adjusted in the current year instead — saving time and cost.

How We Handle Bookkeeping Corrections

Our bookkeeping clean-up services identify the root cause, correct the ledger, and document everything for audit readiness.

CPA Tip:

Prior-year bookkeeping corrections NJ should always be reviewed with your CPA before you amend — every situation is unique.

Fix It Once, Fix It Right

If your books or filings need review, book a free consultation → with Gregory Monaco, CPA LLC. We’ll guide you on whether to amend or adjust efficiently.