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Bookkeeping for Ownership Transitions
Understand the Condition of the Books Before You Take Over
- Who This Is For:
• Buyers acquiring an existing business
• Franchise ownership transitions
• Partnership changes
• Owners preparing to hand off operations
What This Service Covers:
✔ Review of historical bank and credit card reconciliations
✔ Assessment of chart of accounts structure
✔ Review of balance sheet accounts for accuracy
✔ Identification of unreconciled or unusual items
✔ Summary of bookkeeping inconsistencies or gaps
What You’ll Receive:
• Clear understanding of the current condition of the accounting records
• Identification of areas that may require correction
• Written summary outlining bookkeeping findings
• Transparency around whether the books appear organized, incomplete, or in need of cleanup
Important Scope Clarification:
This service evaluates the accuracy and organization of the accounting records only. It does not include business valuation, tax advisory opinions, or recommendations on whether to proceed with a purchase.
Why It Matters:
You should know the state of the books before assuming responsibility for them. Clean, reconciled records reduce risk and prevent unexpected cleanup costs after transition.
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