Data Migration and Remediation
OFFERING OVERVIEW
After a transaction, the target's books need to move onto the parent's systems and reflect GAAP from day one. Our team uses AI workflows to accelerate the transaction categorization and reconciliation work behind restructuring the chart of accounts, standing up the new ERP or accounting platform, correcting historical transactions against GAAP, and converting cash-basis books to accrual where needed, so the TS-prepared opening balance sheet loads faster and the go-forward books reconcile to the databook the deal was underwritten on.
Included capabilities
Chart of Accounts Redesign
A chart of accounts rebuilt to match GAAP and your parent company's standards. Restructures, renames, and rationalizes the target company's chart of accounts to align with GAAP standards, parent company conventions, or platform requirements. Most applicable for non-QBO platforms.
ERP Provisioning
Your new accounting platform, configured and ready before day one. Stands up a new ERP or accounting platform instance for the client: legal entity setup, admin access, fiscal year and period setup, and base settings required before data or users can be onboarded.
Historical Books Remediation
We correct the historical entries, so the go-forward books start clean. Remediates inaccurate or non-GAAP-compliant transactions in the target's historical books through a defined cut-off, typically paired with controller training.
Opening Balance Sheet and Post-Close Transaction Data Load
The opening balance sheet loaded and reconciled the moment the deal closes. Loads the TS-prepared opening balance sheet into the target accounting platform as of the deal close date, plus post-close transactions and customer/vendor list migration. Requires pre-engagement alignment with the TS team on cut-off date, account mapping, and any new accounts introduced.
Cash to GAAP Conversion
Cash-basis books converted to GAAP, with a team trained to keep them there. Converts a client's books from cash-basis to accrual-basis (GAAP) accounting: reconstructing historical transactions, establishing accrual accounts, building supporting schedules (deferred revenue, prepaids, accrued liabilities), and training the accounting team on go-forward methodology. Typically triggered by a PE acquisition of a cash-basis business or audit preparation.
