Question: Can you help us prepare financials for a bank, investor, audit, or sale?
Answer: Yes. External diligence has a way of exposing back-office accounting issues that might have felt manageable internally, but quickly become significant roadblocks once a third party begins reviewing your records.
At Imperial, we help lower middle-market and SMB companies prepare for these pivotal moments by identifying and remediating underlying issues before formal diligence even begins.
Our team steps in to strengthen your financial foundation through targeted, GAAP-compliant adjustments:
- Historical Cleanup & Reconciliation: We reconcile balance sheet accounts and scrub historical transactions to eliminate multi-year backlogs and errors.
- Accrual Conversion: We convert cash-basis books to accrual accounting to align your financial statements with GAAP requirements.
- Revenue & Schedule Validation: We review revenue recognition policies and validate complex Work in Process (WIP) and backlog schedules.
- Inventory Alignment: We tie physical and sub-ledger inventory values directly back to the general ledger.
- Month-End Optimization: We manage and accelerate your month-end close procedures to ensure timely, reliable reporting.
Beyond the Balance Sheet: Building Supporting Schedules
A common mistake companies make is focusing solely on the final financial statements. However, lenders, investors, auditors, and buyers rarely look at the final balances in a vacuum. They want to see the supporting schedules behind those numbers to understand exactly how they were derived.
By building out robust, documented supporting schedules, we help reduce avoidable questions, prevent downward adjustments, and produce financial information that is accurate, supportable, and consistent.
Contact Isabella & the Imperial Team, and let’s have a conversation.
