What are accounting and reporting services?

Accounting and reporting services help businesses maintain accurate books, prepare reliable financial statements, manage month end close, reconcile accounts, build management reports, and stay ready for audits, lenders, investors and internal decision making. This goes well beyond just recording transactions.

How is this different from regular bookkeeping?

Bookkeeping is about recording transactions accurately. Accounting and reporting services go a step further, ensuring reconciliations are clean, month end close is disciplined, financial statements are audit ready, and management actually has reliable numbers to work with, not just a maintained ledger.

What does Contetra support under accounting and reporting?

Bookkeeping review, monthly close, reconciliations, financial statement preparation, MIS reporting, audit schedules, accounting memos, reporting packs, consolidation support and broader finance process improvement, all tailored to where the business currently stands.

What are common signs that accounting and reporting needs attention?

Delayed month end close, unreconciled balances, heavy reliance on Excel, MIS numbers that do not add up consistently, recurring audit observations, unclear ownership of reporting tasks, manual processes, weak documentation, or simply struggling to close financial statements reliably on time.

Can Contetra help prepare financial statements?

Yes. This includes schedules, notes, reconciliations, management reporting packs and audit support documentation, scoped to the company's accounting framework and specific reporting requirements.

Does Contetra support Ind AS, IFRS or US GAAP reporting?

Yes. Contetra supports accounting and reporting matters across Ind AS, IFRS and US GAAP, including accounting memos, reporting adjustments, financial statement preparation, audit support and technically complex accounting areas.

Does Contetra support audit readiness?

Yes. This includes preparing schedules, reconciliations, supporting documentation, accounting memos, financial statements and structured responses to auditor queries, so the audit process moves faster with fewer back and forths.

Can accounting and reporting services actually improve management decisions?

Yes. When the numbers are accurate and timely, management gets a clearer picture of profitability, costs, cash flow, working capital, and performance across business units, which directly improves the quality of decisions being made.

Who should use accounting and reporting services?

Growing businesses, founder led companies, CFO teams, finance heads, startups, subsidiaries and offshore entities. Essentially any organisation that needs stronger accounting discipline, better reporting quality, or audit ready finance processes.

Can Contetra work alongside our existing finance team or auditors?

Yes. Contetra typically works alongside the existing finance team, CFO, auditors or accounting partners, strengthening reporting quality, close discipline, documentation and controls rather than replacing what is already in place.

Does Contetra work with specific accounting software or ERPs?

Contetra works across commonly used accounting and ERP systems, adapting to whatever platform the business already runs on, rather than requiring a switch in systems before engagement can begin.

Is a one time clean up possible, or is this always an ongoing engagement?

Both are possible. Some businesses need a one time clean up of books, reconciliations or a specific audit cycle, while others prefer ongoing support for close, reporting and controls. The scope is typically set based on what the business needs at the time.

When should a company involve a transaction accounting advisor?

Ideally before or during the transaction process, not just after closing. Early involvement helps identify accounting implications, valuation requirements, data gaps, reporting deadlines and Day 1 requirements before they turn into post deal problems.

Can Contetra support accounting for business acquisitions?

Yes. This includes the business combination analysis, consideration transferred, purchase price allocation inputs, goodwill, deferred tax, opening entries and related financial statement disclosures.

What is purchase price allocation in an acquisition?

Purchase price allocation, or PPA, is the process of allocating purchase consideration to identifiable assets acquired and liabilities assumed in a business combination. This can involve valuation inputs for intangible assets, property, liabilities and other items, along with determining goodwill or bargain purchase implications under the applicable accounting framework.

Does Contetra perform valuation as part of the transaction accounting process?

Contetra coordinates the accounting work with the required valuation inputs and specialists, using the relevant valuation outputs to determine accounting treatment, useful lives, deferred tax implications, opening balances and financial statement disclosures.

Can you support accounting for business disposals?

Yes. This can involve determining the accounting perimeter, carrying values, consideration, transaction related adjustments, gain or loss on disposal, and the required presentation and disclosures, with the exact treatment depending on how the transaction is structured and the applicable framework.

What is carve out accounting and reporting?

Carve out accounting involves preparing financial information for a business, division or component being separated from a larger organisation. It typically requires determining the reporting perimeter, allocating shared costs, preparing historical financial information, applying appropriate accounting policies and setting up standalone reporting processes.

Can Contetra support restructurings and business separations?

Yes. This includes accounting and reporting workstreams for restructurings, carve outs and separations, covering perimeter assessment, allocations, historical information, accounting policies and standalone reporting requirements.

What accounting work is required immediately after an acquisition closes?

Post deal accounting can include preparing the opening balance sheet, recording transaction and PPA entries, aligning accounting policies and charts of accounts, updating consolidation processes, establishing close procedures, implementing controls, and bringing the acquired entity into management and statutory reporting.

Can transaction accounting affect ERP and financial reporting systems?

Yes. Transactions can create new reporting entities, charts of accounts, consolidation requirements, accounting policies and data needs, which often means changes to ERP configuration, reporting structures, controls and finance processes as part of post deal integration.

Can Contetra coordinate transaction accounting with due diligence and financial reporting?

Yes. Transaction accounting conclusions often depend on information generated during due diligence, valuation and legal structuring. Contetra coordinates these inputs with financial statement preparation, consolidation, opening accounting and post deal reporting requirements.

How long after closing should Day 1 accounting be completed?

This depends on statutory and management reporting deadlines, but Day 1 accounting is generally prioritised early, since opening balances and PPA entries flow directly into the first post acquisition reporting cycle. Planning this before closing, rather than after, tends to avoid last minute pressure.

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Transaction Accounting Advisory from Deal Structure to Post-Deal Reporting

Transactions create accounting, reporting and operational consequences that continue long after signing. Contetra helps finance teams understand and implement the accounting for acquisitions, disposals, restructurings, financing arrangements and other complex transactions.

We coordinate accounting analysis with due diligence, valuation inputs, financial statements, systems, consolidation and post-deal integration so that conclusions can be implemented in the reporting cycle.

Connect deal analysis, accounting conclusions and Day-1 reporting execution.

Transaction Accounting Advisory Services

Acquisition and disposal accounting

Business combination assessment, consideration, goodwill, disposal groups, gain or loss and disclosures.

PPA and valuation coordination

Identifiable assets and liabilities, valuation inputs, useful lives, deferred tax and opening entries.

Carve-outs and restructurings

Perimeter, allocations, historical information, accounting policies, separation and standalone reporting.

Post-deal integration

Opening balance sheet, chart and policy alignment, consolidation, close, controls, reporting and ERP requirements.

Our Transaction Accounting Process

Step 1Understand transaction structure and reporting timetable.

Step 2Identify accounting, data, valuation and disclosure workstreams.

Step 3Document conclusions and prepare implementation entries.

Step 4Support opening reporting and integration.

Transaction Accounting Advisory FAQs

Transaction accounting advisory helps businesses assess and implement the accounting and financial reporting implications of transactions such as acquisitions, disposals, restructurings, carve outs, financing arrangements and other complex corporate transactions. The objective is to connect the transaction structure with the required accounting conclusions, entries, disclosures and post deal reporting.

Prepare the finance function for what happens after the deal closes

Discuss the transaction, reporting framework and Day-1 accounting requirements.

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