What is accounting restoration and who needs it?

Accounting restoration is required when documents were not maintained correctly, some reports were not submitted, or the data is incorrect. This is a common situation for small businesses, retail outlets, start-ups, and sole proprietors.

The process begins with an analysis of the accounting status. Accounts, document archives, contracts, payroll, and reconciliation reports are reviewed. The accountant then compiles a list of errors: unsubmitted reports, incorrect tax accruals, unreported transactions. After adjustments, revised declarations are generated.

Recovery helps avoid fines during audits, unblock bank accounts, and obtain permits for reorganization or liquidation of a business. This service is also necessary when selling a company to a new owner to eliminate risks.

The main goal is to restore the documents to their actual state.

 

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