Accounting Clean-Up

Attack Your Balance Sheet Clean-Up With Think Moso

When we perform your accounting clean-up, we do the heavy lifting. Our meticulous process ensures your balance sheet and financial records are accurate, up-to-date, and in excellent order, giving you the clarity you need to make informed decisions.

Our balance sheet clean-up services include:

• Performing an extensive audit and reconciliation of your balance sheet accounts

• Recommending journal entries and clearing reconciling items

• Ensuring compliance with accounting standards

• Providing internal control guidance

We understand how crucial it is for your business to stay organised and financially sound. By delivering accurate and comprehensive financial visibility, we empower you to make confident decisions and focus on the bigger picture.

Who Are Think Moso?

We are a team of ACA chartered accountants, with a background in external audit, M&A and consulting at Big Four firms. With over 20+ years of extensive experience in financial reporting, balance sheet management, and internal controls.

Our background gives us a meticulous eye for detail and a unique perspective to help businesses clean up their balance sheet ahead of year-end, reducing the risk of adverse audit opinions or misstatements. We provide confidence in your balance sheet, as year-end approaches.

10+

Experience spanning 10+ industries, including SaaS, automotive, and hospitality.

£2bn

Analysed balance sheets representing over £2 billion in total assets.

Balance Sheet Clean-Up:

How Does It Work?

Reconcile Balance Sheet Accounts

The consultant will categorise all open unreconciled transactions — utilising information available in the general ledger whether that be QuickBooks, Sage, Oracle, Xero, Workday and SAP Business One.

We focus on disaggregating the balance and clearly identifying the reconciling items — vendor payments, payments from customers, accruals, FX differences and historic balances.

Identify and Resolve Reconciling Differences

Reconciling items, such as timing differences, potential errors, or unposted transactions, can obscure your financial position. Our consultants independently identify these discrepancies and propose targeted adjustments, including reclassifications, accruals, or corrections, following discussion with your finance team lead.

We engage your finance team only when necessary, respecting their valuable time.

Simplify and Provide Guidance

Upon completing the reconciliations, we share an easy-to-follow template summarising our findings, along with recommended journal entries to resolve any outstanding items. Additionally, we offer internal control guidance to help you maintain a clean and accurate balance sheet in the future.

Expertise in Complex Accounting Standards

Our team brings deep knowledge of IFRS, US GAAP, and UK GAAP (FRS 101 and FRS 102), enabling us to navigate complex accounting treatments with confidence. We aim not only to deliver a clean balance sheet but also to empower you to understand it fully.

Prepare for a Smooth Year-End

By ensuring your balance sheet reflects current and accurate items, we help you stay ahead of potential audit findings, reducing the risk of misstatements or adverse audit opinions. This proactive approach protects your organisation’s reputation and ensures a smooth year-end process for stakeholders and the board of directors.

CASE STUDY: GLOBAL CONSULTING FIRM

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