Restoration of accounting

When there is a need to restore accounting

Accounting problems often accumulate gradually, but their consequences can be critical. The most common situations when companies turn to this service are:

1. Loss of documents

Paper or electronic documents can be partially or completely lost due to:

• change of responsible persons;
• office relocation;
• technical failures;
• careless storage.

In such cases, Professional Solutions specialists recreate data where possible based on copies, bank statements, contracts, and other available information to ensure a complete record.

2. Absence of an accountant or poor quality of work of the previous specialist

If a company has not had an accountant for a certain period of time or their work has not been up to standard, the business may face errors, inconsistencies, untimely reporting, or a lack of tax control. Restoring accounting helps restore financial stability.

3. Inspections by regulatory authorities

Before or during a DTS audit, discrepancies in data, violations in documents, and a lack of primary materials are discovered. Timely restoration of accounting allows the enterprise to minimize the risks of fines and avoid deeper claims.

4. The accounting system is changing, or the reporting period is approaching

Businesses that are switching to a new accounting program or preparing to file an important tax return often need to fully review and update all data to prevent discrepancies and errors.

Stages of accounting restoration

The process always consists of several sequential stages that guarantee an accurate result and compliance with legal regulations.

1. Audit of accounting status

At this stage, experts analyze:

• the period for which data needs to be restored;
• available primary documents;
• reporting that has already been submitted;
• compliance with real accounting data.

A full audit of the accounting system is conducted, identifying errors, gaps, incorrect postings, or missing documents. This is the basis for planning further actions.

2. Forming a recovery strategy

Based on the audit results, a step-by-step plan is drawn up:

• what exactly needs to be restored?
• in what order;
• what documents need to be collected?
• what risks are associated with the current accounting status?
• What are the deadlines?

Such planning allows you to work quickly and clearly, minimizing delays and possible errors.

3. Restoration of primary documents

Primary documents are the basis of accounting, so their restoration is one of the most important stages. Professional Solutions specialists:

• collect existing copies of documents from the client;
• request missing documents from counterparties;
• restore data from bank statements, contracts, acts, invoices;
• form a correct set of documents confirming income, expenses, and other transactions.

All restored documents must comply with current legislation and accounting requirements to avoid future claims during audits.

4. Entering data into the accounting program

After forming a complete package of documents, specialists transfer the information to an accounting program (for example, BAS or other systems used by the company).
This stage includes:

• creating correct postings;
• creation of account cards;
• entering data on income, expenses, taxes, salary, balances;
• reconciliation of turnover and balance information;
• bringing the results into line with the company’s real financial condition.

The correctness of the entered data determines the completeness of the future balance sheet and reporting, so each transaction undergoes thorough verification.

5. Formation of reporting and final documentation

After the restoration work is completed, specialists compile a complete list of necessary reports:

• tax returns;
• financial reporting;
• reports on social security contributions and personal income tax;
• other forms according to the activities of the enterprise.

Specialists check the correctness of tax calculations and the accuracy of indicators to avoid fines or unforeseen additional charges.

6. Client consultation and result transfer

At the final stage, the Professional Solutions team:

• explains the work performed to the client in detail;
• demonstrates results in accounting programs;
• provides recommendations for further record keeping;
• submits completed documents and updated reporting.

If necessary, the client can order further support or outsource accounting.

Cost of accounting restoration service

The cost of the service is formed individually, as each situation has a different scope of work, complexity, and period for which data needs to be restored. The main factors affecting the price:

Approximate cost range:

For small and medium-sized businesses, the price usually starts from 5,000 UAH, but may increase depending on the period and complexity. After the audit, the client receives a personal calculation.

How to order a service from Professional Solutions

To order professional accounting restoration, just follow a few simple steps:

1. Leave a request on the website or contact us by phone – the manager will promptly contact you to clarify the details.
2. Provide basic data and documents that are already available.
3. Get a preliminary audit, during which the scope of work is assessed, and an individual plan is drawn up.
4. Agree on the cost and delivery time.
5. Wait for the completion of restoration work, preparation of reports, and transmission of results.
6. If desired, order further accounting support.

Professional Solutions works with both individuals and legal entities, providing complete confidentiality and data protection.