We restore your financial records to a state where every number can be relied upon, by you, your bank and the ATO.
Clean-up and rectification is the work of reviewing, correcting and rebuilding your records, reconciling accounts, fixing coding errors, amending BAS and regularising your position with the ATO. Every engagement is scoped up front for an agreed fixed fee, so you know the cost before the work starts.
When financial records no longer reflect reality, decisions get made on numbers that cannot be trusted. We rebuild historical records, correct BAS, GST, payroll and superannuation, and regularise your position with the ATO, so the business has an accurate baseline to move forward from. The work suits businesses changing accountants, behind on lodgements, or preparing the books for finance, sale or ATO review. It is senior-led, scoped up front, and quoted as a fixed fee.
There is no single trigger that tells a business it needs a clean-up. These are the most common reasons it becomes necessary.
You cannot build tax strategy, cash flow planning or growth advisory on a foundation of unreliable data. Until the records are right, the rest is guesswork.
Businesses overspend, underspend or miss opportunities because the numbers they are working from are wrong.
Effective planning requires knowing exactly where you stand. If historical positions are uncertain, forward planning becomes guesswork.
Banks and investors will not advance capital on financial statements that cannot be verified. Clean books are a prerequisite for external funding.
Undisclosed liabilities, incorrect GST positions, superannuation shortfalls and outstanding ATO obligations grow over time. Rectification surfaces them so they can be resolved.
This is why we recommend completing the clean-up before moving into broader business accounting and tax advisory work. The strategy is only ever as good as the data underneath it.
Every business reaches a point where the numbers simply need to be right, whether you are moving on from a previous accountant, correcting years of accumulated errors, or preparing the books for a transaction. Clean-up and rectification are two halves of that work, and most engagements involve both.
Reviewing, correcting and rebuilding your records so they reflect the true financial position. This goes well beyond bookkeeping, into forensic review of historical transactions, reconciliation of bank accounts, correction of coding errors and realignment with accounting standards and ATO requirements.
The goal is simple. Get the books to a point where every number can be relied upon, by you, your bank, the ATO and anyone else who needs to trust the data.
Where clean-up corrects the records, rectification addresses the compliance consequences of inaccurate reporting. That means amending lodged BAS, correcting GST positions, fixing payroll and superannuation obligations, and regularising your position with the ATO.
It is not about assigning blame for past errors. It is about establishing an accurate baseline so the business can operate with confidence from here on.
Every engagement is scoped to the specific issues affecting your business. There is no one-size-fits-all approach, and you only take on the work that the diagnostic shows you need.
Our clean-up and rectification work is designed for established Australian businesses that need real technical depth, but are not yet at the scale where a Big Four practice makes sense.
Informal financial processes tend to work until they do not. Succession, family change or growth can expose gaps in record-keeping that need professional rectification.
Businesses that have grown quickly often find their accounting infrastructure lagging behind. We bridge the gap between where the systems are and where they need to be.
Groups across companies, trusts and partnerships need clear intercompany accounting and consolidated reporting. Where that has not been maintained, we reconstruct the position and establish proper group accounting.
Whether the trigger is an ATO audit, bank refinancing, investor due diligence or a sale, clean records are non-negotiable. We bring the books to the standard external review requires.
We work across professional services, construction, property, agribusiness, healthcare and technology, and more. Each industry carries its own financial pressures, and our sector pages set out how we help with them.
Every engagement follows the same four stages, designed to move efficiently from understanding the problem to handing back records you can rely on.
Clean-up is rarely the end of the journey. With accurate records and a regularised compliance position, you are in a position to pursue the objectives that were on hold.
Prime Partners are chartered accountants with offices in North Sydney and Orange. We combine the technical depth of a specialist practice with the accessibility and responsiveness mid-market businesses need.
Our team has extensive clean-up and rectification experience across professional services, construction, agriculture, healthcare, technology and retail, so we understand the compliance requirements and industry norms that apply to each. We are not a volume practice. Every engagement is led by a senior practitioner who takes responsibility for the outcome, so you work directly with the person making the decisions, not a junior who escalates everything.
The first conversation is straightforward. We assess where you are, identify the gaps and recommend a scope of work.
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