Choosing the date to prepare the balance sheet allows you to collect documents, receipts, and files relevant to that point in time. This date should appear at the top of the balance sheet, typically part of the title. Riveron is not restricted with the regulatory conflicts that public accounting firms…

Company B will continue to maintain its own set of books without any changes on the acquisition date. We’ve identified three key areas where, in our experience, accounting issues can opening balance sheet cause hiccups or misunderstandings between the buyer and seller. Again, a firm keeping accounts under single entry…