I have recently started up and all my clients so far have presented their bookkeeping in a decent state. However I have just received my first shoebox of paperwork. How much detail should I go into with sorting it all out? I believe I should cross check all the invoices /receipts with what has gone through the bank. Does everyone cross check like this or do you just try and post off the bank statement. I am concerned that it is going to take me a long time to sort it out. Also what if receipts are missing? Do I still post the payment but inform the client in writing to cover myself and advise for the future?
Any advice would be gratefully received