What to keep in mind
Identify gaps, gather invoices and records, reconcile accounts, plan corrections and align corporate decisions and tax obligations.
Inventing historic transactions or dates to fill gaps can create serious legal consequences.
Distinctions often confused
Correction of overdue records is different from creating fictitious accounting entries.
Frequently asked questions
Can several overdue periods be regularized?
Often, through a planned process that respects applicable rules.
Are source documents necessary?
Yes. Credible reconstruction depends on supporting evidence.
Informational content. It is not a substitute for professional advice.