Our specialty is the work most firms would rather not take on: complex, broken, or badly behind.
Numerous symptoms. We’ve treated all of them.
- Books not touched in over a year
- Multiple bank accounts not reconciled
- Personal and business expenses mixed together
- Late or missed HST filings
- Payroll remittances falling behind
- No one reviewing the books until year end
- QuickBooks set up incorrectly
- No real financial reporting, just a bank balance
- Paper receipts, no automatic capture
From one entry
to a review letter.
Every step in this sequence is individually reasonable, which is why it is rarely interrupted. The cost of correction roughly triples at each stage.
A transaction is coded to the wrong account
Nothing appears wrong. The report generates and the total is out by an amount too small to notice.
The same mistake, repeated by habit
Two accounts have stopped reconciling. It is noted and set aside, because the month still has to close.
HST is filed on a figure nobody traced
The return is submitted from a report that has since changed. No working paper survives showing how the number was reached.
A lender asks for statements
Reports can be produced but not tied to source. Underwriting reprices the risk rather than declining the application.
A review letter arrives
Support is requested that was never retained. Reconstruction means recovering records from banks and vendors for a period years past.
Each step in this sequence is individually reasonable, which is why it is rarely interrupted. The cost of correction roughly triples at every stage.
What owners usually want to know first.
Our books are years behind. Is that beyond repair?
No. Multi year rebuilds are routine work, including files with partial records or a change of accounting system partway through. The longer the gap, the more the diagnostic matters, because scope must be established before anyone commits to a figure.
We have several companies. Does that complicate matters?
It is the work the practice is built for. Holding companies, operating companies, intercompany balances and shareholder loans are the core specialty. Most errors found in group structures originate from a transaction posted to whichever entity was convenient at the time and never reversed.
Will correcting old HST filings attract attention?
Amending a filing is an ordinary administrative act and is done constantly. What attracts scrutiny is a pattern of filings that do not reconcile to the underlying records, which is the existing position. The exposure and the correction path are explained in full before anything is submitted.
How does our situation compare to what you normally see?
Almost certainly less unusual than you expect. Owners frequently open a first call by apologising for the state of the file. It is rarely warranted, and it is not relevant to the work. The diagnostic exists to replace an impression with a measured position.
This is what we fix.
A free review establishes where your own file sits on that timeline.