Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/branwen/en.branwen.ru/docs/index.php:4) in /home/branwen/en.branwen.ru/docs/libraries/joomla/session/session.php on line 423

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/branwen/en.branwen.ru/docs/index.php:4) in /home/branwen/en.branwen.ru/docs/libraries/joomla/session/session.php on line 423

Warning: Cannot modify header information - headers already sent by (output started at /home/branwen/en.branwen.ru/docs/index.php:4) in /home/branwen/en.branwen.ru/docs/libraries/joomla/session/session.php on line 426

Warning: Cannot modify header information - headers already sent by (output started at /home/branwen/en.branwen.ru/docs/index.php:4) in /home/branwen/en.branwen.ru/docs/templates/branwen/libs/gk.template.helper.php on line 269
Recovery of Accounting System

News image

Professional Disposal of Documents

BRANWEN Group of Companies offers professional disposal of your documents. With our specialized equipment we may help you to safely ...

read more..
News image

We will make your electronic reporting for you

New service by BRANWEN Group of Companies: Electronic Re...

read more..
Page of the site: HOME » ACCOUNTING SERVICES » Recovery of Accounting System

Recovery of Accounting System

Challenge: No trustworthy or complete information about business or financial status of the company is available to its founding members and other stakeholders; loss of documents, poor accounting, failures and errors in accounts, loss of information due to software failure, loss of database, etc.

Solution: : professional services of Recovery Accountant.

When is it necessary to recover / reestablish Accounting System?

Recovery / reestablishing of Accounting System may become necessary in many cases, most typical of them being the following:

  • Poor previous accounting;
  • Numerous errors and failures in accounting found in Voluntary Audit or during tax inspection;
  • Loss of documents due to theft, natural disasters, moving to another place of business, software failure, loss of database, etc.;
  • Starting business in a company where no accounting system has been established;
  • Change of CEO or Chief Accountant.

 

What documents should be recovered?

In case of Recovery of Accounting System it is very advisable to provide all the available documents relating to business and financial performance of the company. The following documents are of special importance:

  • Internal official document approving accounting policies;
  • Field Audit Reports produced by controlling agencies; findings of external and internal audits;
  • Any available documents, account books, tax accounts and accounting reports;
  • Source documents and latest business transactions reconciliation reports approved by all counterparties;
  • Documents of incorporation;
  • Electronic database (if applicable).

At the transfer of all documents, they are all listed in the register, the latter signed by the customer and service provider to confirm the transfer for safekeeping.

Upon completion of Recovery measures the Customer receives all the documents provided together with the recovered documents, including:

  • Copies of corrected tax accounts;
  • Restored ledgers and source documents; inventory check report;
  • Updated electronic database;
  • Complete financial statements to be used as the basis for accounting in the next reporting period.

What are the main steps in the Recovery of your Accounting System?

Recovery of financial and tax accounting is a multistage process, where each stage is based on the outcomes from the previous stage, including typically the following:

  • A Customer signs a contract for the recovery of Accounting System or any of its parts;
  • Documents are provided by the Customers and are given our thorough consideration;
  • Inventory check is performed for stocks, payments and cash if necessary;
  • Source documents are restored;
  • Based on the source documents all necessary account books are restored; initial balance sheet is produced (as at the date of recovery);
  • In case of computer-based accounting database is restored;
  • Corrected tax accounts are made and provided to the Customer.

All above measures result in having accounting that reflects actual inventory, settlements with third parties, stock in the till, and balance of bank accounts.

Related Services

If your aim is not only to bring your accountancy in compliance with legislation, but also to have certain positive improvements through such recovery of your accountancy, our Company offers you a number of related services, that are very important for your accounting processes:

  • analysis of financial statements (based on accounting information);
  • evaluation of your company's financial status in the reporting period;
  • development of efficient taxation system, enabling to optimize tax exposure in compliance with the existing legislation;
  • establishing management accounting in the company, based on the transformed data from business accounting;
  • audit of accounts (both for specific accounting areas and total documents in case of pending tax inspection).

Any one of the above services is always the assurance of favorable outcomes, improved efficiency, effective monitoring of all business processes, cost improvement, compliance with the requirements of tax authorities.

 

We offer wide range of other services:

Our best Recommendation - Confidence of our Customers:


<- ->

«GAGARIN decor»


«GAGARIN decor»

«GAGARIN decor» -  manufacturer of ABS / PVC...

«Ampir-Decor»


«Ampir-Decor»

«Ampir-Decor» - market leader in sales of interior...

TECHNOSTYLE


TECHNOSTYLE

«TECHOSTYLE» - trading company, offering wide range of...

KUPETS Trading House


KUPETS Trading House

KUPETS Trading House -   wholesaler of construction and...

RUSSIAN AMBER


RUSSIAN AMBER

RUSSIAN AMBER – amber jewelry chain stores. Manufacturer...

BALTIC FEAST


BALTIC FEAST

BALTIC FEAST – Kaliningrad manufacturer of frozen meat...

Vet-39 Veterinary Company


Vet-39 Veterinary Company

«Vet-39 Veterinary Company» veterinary clinic and vet pharmacy....

KALININGRAD Hotel


KALININGRAD Hotel

KALININGRAD Hotel - the largest hotel in...

BUSINESS RUSSIA Company


BUSINESS RUSSIA Company

BUSINESS RUSSIA Company – roofing and facing...

TURNE-TRANS


TURNE-TRANS

«TURNE-TRANS» Group of Companies since its foundation...

POSEIDON-2000


POSEIDON-2000

 «POSEIDON-2000» Fish Cannery was founded in 2000. It...

GRAND HALL


GRAND HALL

GRAND HALL Restaurant with its 200 seats in...

AROUND THE WORLD


AROUND THE WORLD

«AROUND THE WORLD» Travel Agency has been at...

BALTIC GLASS


BALTIC GLASS

 «BALTIC GLASS» Company has been successfully operating at...

GRAPHIKA-M


GRAPHIKA-M

GRAPHIKA-M  Printing Office offers wide range of services...

TURNE-TRANS TRAVEL


TURNE-TRANS TRAVEL

«TURNE-TRANS TRAVEL » Travel Agency welcomes you...

Kaliningrad Breeding Centr


Kaliningrad Breeding Centr

Kaliningrad Breeding Centre was founded in 2008 as...

SHAR-plus


SHAR-plus

«SHAR-plus» is a trading company, a supplier to...

ARDIS Media Group


ARDIS Media Group

ARDIS Media Group  is a website developing company....