Stout supported a manufacturer of advanced composite core conductors and hardware for high-voltage overhead electric transmission cables through a critical account reconciliation review following a period of significant turnover and an enterprise resource planning (ERP) conversion. The company needed immediate support to assess high-risk balance sheet and liability account reconciliations ahead of year-end audit procedures, identify potential adjusting entries, and stabilize the reconciliation process going forward.

We conducted a detailed review of key account reconciliations, including accrued expenses, accrued receipts, prepaid expenses, deposits, accrued field service expenses, customer deposits, and deferred revenue. The team developed and managed a reconciliation action plan, prepared audit-ready reconciliations where gaps were identified, and created a comprehensive adjustment workbook documenting proposed entries, supporting calculations, and methodologies. We also delivered targeted recommendations and an implementation roadmap to strengthen the company’s reconciliation process and improve ongoing financial controls.

In the second phase of the engagement, we identified broader finance and accounting improvement opportunities focused on cash reporting and systems integration. This workstream included integrating the company’s bank accounts with NetSuite and designing and implementing a consolidated daily cash reporting process. After standing up the process, we trained company personnel on the reporting templates and transitioned ownership of the process to the internal team.

Through this engagement, we helped the company remediate reconciliation issues stemming from turnover and ERP transformation, improve audit readiness across key accounts, and implement scalable process enhancements that increased the accuracy, visibility, and efficiency of finance and accounting operations.