Transaction readiness
Resolving a six-year balance-sheet discrepancy
Context
Japanese healthcare-tech company (~£1M revenue).
Situation
The balance sheet carried a discrepancy that had built up over six years, and revenue recognition for instalment-based plans needed to be put on a sound footing.
What I did
- Investigated the discrepancy and resolved it.
- Redesigned revenue recognition for instalment-based plans (performance obligation satisfied over time).
- Set up a monthly reconciliation of the CRM's contract data to the general ledger.
Result
The books were put in order ahead of the transaction.
Client name is not published. GBP figures are converted from JPY.