When the accounts need to be put back together
A former accountant may have left without a proper handover. Bank transactions may never have reached the ledger. You may have discovered missing returns only after deciding to close the company. We review the available records and identify the periods that need work.
Accounting reconstruction can support liquidation, restoration or continued trading. Tell us what you intend to do with the company so that the accounting and legal assignments address the same objective.
Recover the records
Identify the periods, transactions and supporting documents that are missing.
Reconcile the figures
Explain bank, shareholder and other balances against the available evidence.
Complete reporting
Prepare the agreed tax returns and financial reports, including corrections where needed.
What we review
The starting material usually includes bank statements, existing ledgers, invoices, contracts and previously filed returns. Shareholder funding, expenses paid personally by an owner, payroll and cross-border payments may also need to be traced.
Low turnover does not necessarily mean there is little accounting work. A company with no sales may still have incorporation expenses, capital contributions, loans and bank charges. We establish what actually happened, then assess the reporting required for the relevant periods.
An estimated assessment in RS.ge
The Revenue Service can make an estimated assessment when a required return is not submitted, using information it holds. That can affect a company which the owner regards as dormant. A tax-account balance may also include interest or a separate penalty where applicable.
We distinguish the underlying tax from the assessment and any penalty, compare the notice with the records and identify the appropriate response. Corrective reporting may be relevant; a disputed assessment may require a separate legal assignment. We explain which amounts are supported by the records and which need further action.
Tax Code, Articles 61 and 66¹ · Dormant companies and tax assessments.
Revenue Service returns and SARAS reports
These cover different obligations. RS.ge is used for tax reporting and the tax account. SARAS reporting concerns financial statements and related reporting where applicable. A clear tax balance does not, by itself, confirm that all required financial reports have been submitted.
We check the company’s reporting category and the affected years. Please mention VAT registration, employees, special tax status and any authority correspondence, as these can change the records and expertise required.
The work and the handover
The proposal identifies the records to reconstruct, balances to reconcile and returns or reports to prepare. If a document is missing, we consider the available supporting evidence and explain any limit it creates. The accounts must be supported by the company’s records.
At completion, the agreed handover can include the reconstructed accounts, submitted reports and filing confirmations. Matters still awaiting information or an authority decision are identified so that the next accountant or legal representative can understand what remains.
Fees, timing and your previous accountant
This service is quoted separately from the €1,360 straightforward liquidation package. The fee depends on the number of periods, transaction volume and condition of the records. Tax, interest and penalties, if payable, are separate company liabilities.
If the previous accountant is available, an organised handover can reduce the work. Start by telling us which years may be incomplete and what records you hold. We then agree document transfer and access arrangements directly with you.
Questions about this service
Can you reconstruct accounts for a company that never traded?
Yes. We check whether the company received funds or paid expenses, which records exist and which reports were required. A dormant history is assessed from the evidence, not assumed to mean that every period is empty.
Must the accounting be finished before liquidation?
Some work may be needed before filing; other reporting can be coordinated with the legal assignment. We identify the sequence after reviewing the company.
Can you deal with an old accountant’s missing handover?
We can review what is available and identify the records needed. Where documents or information cannot be recovered, we explain how that affects the work and any reporting conclusions.
