A new ltd co client has done their own accounting for the last 11 years, the last 8 being in Xero.
A few problems:
1. Balance sheet in Xero does not match Companies House filings at year ends and he has no reconciliations.
2. Client has added personal bank feeds into Xero as well as ltd co feeds. Part reconciled the personal account into Xero but stopped 4 years ago.
3. Conversion balance entered 8 years ago is only partly complete and does not balance so the Xero balance sheet is wrong.
Essentially what has been reported is fiction or maybe not but Xero certainly is. Any advice on how to fix this would be appreciated. Although I have quoted a healthy hourly rate for this work, I don't want to have to go back 11 years and fix it.