ACCOUNTING CLEAN UP

Are you worried about missing deadlines to deliver financial reports?

Do you have third parties, such as lenders, that are asking for financial reports and you are having difficulties meeting their requests?

Is there a backlog of accounting work because of turnover in your back office?

We are here to help.

GET YOUR ACCOUNTING AND FINANCIAL REPORTS IN ORDER 

There are many factors that can cause accounting issues. Emergent Partners knows how to properly identify and fix these issues and get you caught up on any backlog or meet any deadline you are facing. With our accounting and financial reporting experts who specialize in your industry, we quickly and effectively help you:

  • Identify and implement correct accounting methodologies
  • Generate financial statement packages
  • Improve existing reporting software capabilities
  • Get current on periodic accounting closes and accounting for things such as fixed assets and inventory
  • Put in place new or streamlined processes to help your accounting and administrative staff be more effective

PROVEN RESULTS 

Here is how Emergent Partners is helping companies like yours with accounting cleanup:

Family-Owned Industrial Services Company

ISSUES BEFORE EMERGENT:

• Significant turnover in accounting and reporting leadership

• Several years of accounting entries and cleanup that existing staff could not address

• Requests for financial statements from multiple lenders that were not being fulfilled

• Inability to file taxes because financial statements could not be completed

• Accounting staff that was lacking training

RESULTS AFTER WORKING WITH EMERGENT PARTNERS:

No turnover in accounting and reporting because Emergent Partners continuously provided oversight and reporting
Accounting entries and other cleanup were completed in a matter of weeks
Financial statement requests were fulfilled
Taxes were filed using correct financial information
Processes were implemented and accounting staff were trained to perform daily and monthly duties
Accounting runs smoothly and reporting requests are met on a timely basis

Privately-Held Oil and Gas Exploration and Production Company

ISSUES BEFORE EMERGENT:

• Year-end tax filings were due and there was a significant amount of accounting work that still needed to be completed

• Company had accounting outsourced to a third party that was creating issues with the integrity of accounting methodologies and data transfer

• Administrative and accounting staff were in need of training and mentoring

RESULTS AFTER WORKING WITH EMERGENT PARTNERS:

Accounting work and financial statements for year-end tax filings were completed in less than two weeks
The transition to in-house accounting was completed with a successful transition of data and accounting and reporting duties
Administrative staff were trained to handle most ongoing accounting and reporting functions
New reconciliation models and processes were built to make existing staff more efficient
Accounting and reporting staff are more effective in performing ongoing duties, producing accurate reports, and meeting deadlines

Distribution Companies Being Consolidated by Private Equity

ISSUES BEFORE EMERGENT:

• Companies being consolidated were not able to generate consolidated, accrual-based financial statements as required

• Challenges included an entity without an inventory tracking system, one general ledger system that was not set up properly, an outsourced accounting relationship for one entity, and multiple systems with multiple charts of accounts

RESULTS AFTER WORKING WITH EMERGENT PARTNERS:

Accrual-based financial statements were generated in 90 days
Consolidated reporting template was constructed to aid in creating future financial reporting packages
Outsourced accounting was brought in-house
General ledger system configuration issues were identified and fixed
The consolidated entity was able to meet ongoing reporting requirements and a base was established to consolidate more entities

WHY CHOOSE EMERGENT?

At Emergent Partners, we focus on being your partner in business. As an extension of your team, we provide effective solutions that bring value to your organization, at a reasonable cost.
Instead of a one-size-fits-all approach, our team will work alongside you to identify areas of improvement and create a unique action plan that solves pain points and creates opportunities for your business.

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We Identify Critical Areas to Add Value

We work to Understand Underlying Factors

We Determine & Implement Solutions

GET STARTED TODAY

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