Scenario oneConstruction and tradesTwo entities
Three years behind, mid financing application
A contracting business with a holding company applied for an equipment facility and could not produce statements the lender would accept. Three people had kept the books across two systems, and intercompany charges had been posted to whichever entity was convenient at the time.
The diagnostic identified progress billings recorded twice, HST filed on gross rather than net across seven periods, and shareholder loan balances disagreeing between entities by a material amount. Correction ran approximately ten weeks and the facility subsequently closed.
3 yrBacklog rebuilt and reconciled
7HST periods corrected
2Entities brought into agreement
Scenario twoWholesale and distributionSingle entity
Profitable on paper, short on cash
An importer reporting healthy margin was consistently short of working capital with no explanation for the gap. Landed cost had never been allocated, so freight, duty and brokerage sat in operating expenses rather than inventory, overstating gross margin across several lines.
Rebuilding the costing model changed the position materially. Two product lines had been sold at a genuine loss for some time. Pricing was corrected, one line discontinued, and forecasting implemented so purchasing decisions were no longer made on outdated figures.
2Loss making lines identified
12 wkRolling cash visibility established
1Costing model rebuilt from scratch
Scenario threeProfessional corporationHoldco and opco
CRA review letter, incomplete support
A professional corporation received a review letter covering payroll and expense documentation. Source deductions had been remitted but never reconciled to the CRA account, and a portion of expenses had no supporting documentation retained.
The work was reconstruction: rebuilding support from banking and vendor records, agreeing remittances to the CRA statement of account, and correcting the classification of several owner related expenses. Document capture was implemented afterwards so support is retained automatically.
100%Remittances agreed to CRA account
AutoDocument capture implemented
0Unsupported balances at completion
About these scenarios: the three engagements above are composites, assembled from patterns that recur across the files this practice handles. Details have been generalised and no scenario describes an identifiable client. They are published to illustrate the type and scale of work undertaken. Verified client references are available directly on request during an engagement discussion.