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Technical Accounting and Clean Up

Talent, tooling and strategy to help businesses achieve their goals  

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A Set-Up for Success

With over a decade of experience, Consero Global is committed to offering on-demand, financial leadership specifically tailored to meet the unique needs of each growing enterprise. Our Technical Accounting and Clean Up services help ensure that our client’s accounting procedures, policies and protocols are set up for success. 

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Consero Can Help

What We Provide

Consero Advisory Services teams are integrated to bring seamless results and prioritize client objectives, and we offer flexible expertise available to meet the evolving challenges of growing businesses today. 

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Our Technical Accounting and Clean Up Services:

  • Cash to Accrual conversion
  • General Ledger cleanup for audit readiness and due diligence 
  • Revenue recognition and required restatements
  • Purchase price accounting
  • Adoption of new accounting standards and financial restatements
  • Equity clean up and maintenance, including cap table management
  • Create balance sheet schedules and reconciliations
  • Three-way reconciliations (operating system to merchant to bank)
How We Help

Helping You Prepare for the Future – Now

Cash to accrual clean up and restatement of financials:

  • Perform detailed contract review for ASC 606 requirements
  • Review leases and adjust financials in accordance with ASC 842 
  • Book Purchase Price Accounting entries (ASC 805) related to acquisition
  • Provide monthly pro-forma financials pre and post acquisition reporting

Be audit ready:

  • Build accounting process and procedures to follow going forward.
  • Create revenue recognition policy including ASC 606 memo for audit purposes
Related Insights & Successes

CFO Support in the Real World

Client Profile

  • Newly acquired by Private Equity
  • Strong revenue growth
  • Cash basis accounting

Client Pain Points

  • Lack GAAP accounting/not audit ready
  • Require Transaction and Purchase Price Accounting
  • Stub period financials
  • Would like to have pro-forma financial reporting

Consero's Solution with Accounting Stablization Services

  • Provide cash to accrual clean up and restatement of financials:
  • Perform detailed contract review for ASC 606 requirements
  • Review leases and adjust financials in accordance with ASC 842
  • Book Purchase Price Accounting entries (ASC 805) related to acquisition
  • Provide monthly pro-form financials pre and post acquisition reporting
  • Be audit ready:
  • Build accounting process and procedures to follow going forward.
  • Create revenue recognition policy including ASC 606 memo for audit purposes
More Insights & Successes

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Discover Other Consero Offerings

Additional Advisory Services

Financial Planning & Analysis
Strategic CFO Support

Finance as a Service (Faas)

Transactional Bookkeeping
Controller Services
SIMPL – Cloud Software Platform

See How Consero’s Financial Planning Can Keep You On The Right Course

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What's Included in FaaS
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Industries We Serve
Contact Us

Consero Global LLC
1717 West 6th Street, Suite 410
Austin, TX 78703
866.588.0495

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Consero FaaS: Disrupting the Outdated Traditional F&A Model

Transformation
  • Cash to GAAP conversion
  • Clean-up work
  • Interim oversight & support
  • Accounting software Implementation

Build it Yourself Solution

  • CFO / Interim CFO
  • Consultants / VARs

Consero FaaS Solution

  • CFO / Interim CFO
  • or Consero Interim CFO
  • Consero Setup/Transformation
Ongoing F&A
  • Monthly financials
  • Daily accounting support
  • Management reporting
  • Integrate add-on acquisitions

Build it Yourself Solution

  • CFO
  • Controllers & Accounting Team
  • Enterprise Accounting Applications

Consero FaaS Solution

  • CFO
  • or Consero Fractional CFO
  • Consero FaaS Enterprise F&A Software and Services

New PE Platform Investment F&A Challenges

Founder Owned Company Accounting:
  • Existing accounting done on a cash/hybrid basis
  • Run on SMB accounting software and other disparate applications
  • Inability to produce auditable financials
  • Lack of know-how to develop projections & KPIs
  • No consistency/structure to customer contracts
  • Underqualified staff
  • Non-scalable manual processes
Carve-Out Accounting:
  • Required to move off parent company accounting applications in a timely fashion
  • Have to build an entire F&A team
  • No documented operational policies and procedures
To Optimized Finance & Accounting:
  • Monthly financials available in 5-10 business days
  • Audit and diligence ready support details
  • Integrated enterprise grade accounting software
  • Budget and forecast reporting
  • Business KPIs
  • Efficient & scalable processes for rolling in add-ons