Bring Delayed Bookkeeping Back Up to Date
If months or years of transactions are incomplete or unreconciled, Taxxel can organize the available records, rebuild the bookkeeping trail where support exists, and prepare a cleaner file for tax, year-end, financing, or CRA record requests.
Last updated: August 2026
What Catch-Up Bookkeeping Includes
The goal is to rebuild a clear, supported bookkeeping trail from the records that are available and identify anything that still needs review.
Transaction Review & Categorization
Review available bank, credit-card, sales, and expense records and post supported transactions to the appropriate accounts.
Account Reconciliation
Reconcile bank, credit-card, loan, and other balance-sheet accounts to the available statements and identify unexplained differences.
Financial Record Preparation
Prepare updated bookkeeping reports and working records for the periods brought current.
HST/GST Record Review
Organize sales-tax records, reconcile reported amounts where possible, and identify items that need further review before filing or amendment.
Prior-Period Tax Coordination
Once the books are updated, organize the financial information needed for overdue or amended T1, T2, or T2125 work within the applicable scope.
CRA Records Readiness
Organize the bookkeeping trail and supporting records if a CRA notice, review, or audit request involves periods that are incomplete.
What Affects the Scope of a Catch-Up File?
Turnaround depends on the condition of the records and the amount of reconstruction required. We review the file first and then outline the work involved.
Periods involved
A few delayed months and several unclosed years require very different levels of review.
Transaction volume
The number of bank, credit-card, payroll, sales, and expense transactions affects the work required.
Source records available
Complete statements, invoices, receipts, and prior accounting files make reconstruction more straightforward.
Number of accounts and entities
Multiple bank accounts, credit cards, corporations, or related businesses can add reconciliation work.
Payroll and HST/GST history
Outstanding remittances or sales-tax periods may require additional record review and coordination.
Reconstruction required
Missing periods or incomplete accounting files may need a supported rebuild from available source documents.
Industries We Support
What to Send Us
- Bank statements for business and relevant operating accounts
- Credit-card statements used for business activity
- Sales records or invoices, if available
- Expense receipts and other source documents
- Prior tax returns and HST/GST filings, if available
- Existing accounting file or exports from the prior system
Frequently Asked Questions
Need help deciding the right starting point?
Tell us whether the need is bookkeeping, tax, CRA records support, catch-up work, or an industry-specific financial-record matter. We will route the enquiry appropriately.
Use the rebuilt records for the next step
Catch-up work often connects to a CRA request, year-end filing, or a move into recurring bookkeeping once the missing periods have been reconciled.
Organize the financial records behind a CRA letter, review request, reassessment, or records request.
Prepare reconciled books, source documents, and supported record reconstruction for an audit or review.
Review the financial records a business may need when CRA asks for supporting information.
Move from catch-up work into a recurring process that keeps reconciliations and source records current.
Work with Taxxel from your community
Taxxel supports businesses, professionals and individuals across Ontario. Most bookkeeping, tax and CRA records-support engagements can be coordinated securely without repeated office visits.
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