The Problem We Solve

What problem this service addresses

Internal management financials are not the same as lender or investor financials. Most businesses arrive at a lending or financing event with books that work for them but do not pass external scrutiny. Accrual conventions are inconsistent, cutoff is loose, related-party transactions are not disclosed, and revenue recognition is questionable. The result is delays, valuation discounts, or denied financing. The work to fix this happens in advance, not at the diligence stage.

Why Trust Troy Accounting

How we approach financial reporting

  • Accrual-basis financial statements following GAAP conventions
  • Cutoff discipline at month-end with accrual completeness review
  • Footnote drafting for lender, investor, and acquirer presentations
  • Revenue recognition under ASC 606
  • Lease accounting under ASC 842
  • Stock-based compensation under ASC 718
  • Related-party transaction identification and disclosure
  • Quality-of-earnings preparation supporting buy-side diligence

Our approach is documented in our client success methodology and our editorial standards. We are not a CPA firm; for engagements requiring CPA attestation we coordinate with our licensed CPA partner network. We do not exaggerate credentials or results.

What Happens Next

The process from inquiry to ongoing work

01

Scope & Audience

We confirm the audience (lender, investor, acquirer, internal board) and the standard (GAAP, lender-tailored, modified cash). The audience drives the work.

02

Foundation Review

We assess the current books for accrual completeness, cutoff discipline, and reporting framework. Gaps are scoped as remediation work before the reporting engagement begins.

03

Reporting Package

We prepare the financial package on the cadence required: monthly, quarterly, or annual. Packages include statements, footnotes, and any supplementary schedules required by the audience.

04

Diligence Support

For acquisition or financing events we support the diligence process: answering questions, preparing supplementary analyses, and coordinating with attorneys and the buyer's accountants.

Common Questions

FAQ

Are these audited financials?

No. We prepare GAAP-compliant financial statements but we are not a CPA firm and do not issue audit opinions, reviews, or compilations under SSARS. For audit, review, or compilation reports we coordinate with our licensed CPA partner network.

What is the difference between management financials and lender financials?

Management financials answer "how are we doing." Lender or investor financials answer "do these numbers withstand external review." The latter requires GAAP discipline, cutoff rigor, and disclosure completeness that management financials often skip.

Can you prepare quality of earnings?

Yes, on the seller side. Buyer-side QoE is typically performed by an independent firm hired by the buyer. We prepare clean financials and supporting analyses that hold up to that scrutiny.

How quickly can you produce a lender package?

From clean books, typically two to four weeks. From books that need remediation, four to twelve weeks depending on the gaps.

Ready to start?

Generate a final monthly quote in 90 seconds, or schedule a discovery call with our team.

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