1Inventory
Documents, transactions, periods and risks.
Accounting Recovery
Restore the picture first, then build the system. We start with an inventory of documents, periods and risks. Filling in the gaps quickly without it is dangerous.
Sound familiar?The accountant or the contractor has changed, and it's unclear what was left, Discrepancies and gaps have piled up, An inspection, a sale of the business or a new partner is coming
Accounting and Financial Records
How we work
1
2A map of discrepancies
What doesn't match and how dangerous that is.
3Corrections by priority
The highest-risk items first.
4Handover to regular bookkeeping
The recovered accounts move into ongoing support.
Sound familiar?
- The accountant or the contractor has changed, and it's unclear what was left.
- Discrepancies and gaps have piled up.
- An inspection, a sale of the business or a new partner is coming.
What usually lies behind it
Accounts that haven't been checked against reality for a long time gradually turn into a model of reality. If gaps are filled in a hurry, errors become "historical" and move into the following periods.
What you get
A clear sense of the size of the accumulated problem.
Corrections in order of risk.
Accounts ready for regular support.
The cost of waiting
If nothing changes
- 01
The risk will grow and materialize at the worst moment.
- 02
Neither you, nor a buyer, nor a bank will be able to trust the numbers.
- 03
Every new period will inherit old errors.
When you don't need this service
- The accounts are in order, and you only need regularity. Then outsourcing or bookkeeping services.
- You need a forecast. Then a financial model.
How to tell it worked
Reconciliations
whether balances and obligations match reality.
Open questions
how many remain unresolved.
Documents
the share of transactions with supporting documents.
Questions
From which period can the accounts be recovered?
The period is determined after an inventory of the available documents and the goals of the recovery.
What if there are no documents?
We record that as a risk and determine what can be confirmed by other means. We don't sign off on what can't be confirmed.
Can we move to outsourcing afterward?
Yes, recovery often becomes the preparation for regular support.
Related
Services: Accounting Outsourcing · Tax Accounting and Reporting · Preparing a Business for Sale
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