Detecting and Addressing Uncoded Liabilities

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3️⃣ Why It’s a Problem

Uncoded liabilities can cause:

• Overstated cash and profit

• Balance sheet errors (bad data for banks, investors, or buyers)

• Tax risk (IRS or state agency notices)

• Poor financial decision-making due to incorrect reports

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​​​​​4️⃣ How We Fix Uncoded Liabilities During Cleanup

As part of FPG-USA’s Cleanup Services, we:

• Review all Uncategorized Liability accounts

• Check Ask My Accountant and other temporary entries

• Reconcile liabilities with bank accounts, payroll reports, and loan docs

• Reclassify liabilities correctly into accounts like:

• Accounts Payable

• Payroll Liabilities

• Customer Deposits

• Taxes Payable

• Loans Payable

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We deliver this on a fixed-fee basis, so there are no billing surprises.

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5️⃣ Ongoing Maintenance: Why It’s Not Just a One-Time Fix

Cleaning up uncoded liabilities is crucial—but so is keeping them clean going forward.

That’s why FPG-USA includes liability review in our Monthly Bookkeeping Services

• Monthly review of liability accounts

• Reconciliation of payroll liabilities, loans, deposits, and sales tax

• Proactive alerts when new uncoded liabilities appear

• CFO advisory calls (for clients at higher service tiers) to review and correct issues in real time

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Need help fixing uncoded liabilities—and preventing them in the future?

Let’s have a friendly, no-pressure conversation with our CFO.

 

​👉 Schedule Your Free Strategy Call ›​​​​​​

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