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Linguaholic

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Hello everyone. We recently closed a few new acquisitions, and as usual, the financial reporting we inherited from the founders is all over the place. Consolidating everything for our LP reports is becoming an absolute nightmare because every company uses different charts of accounts and software. We are trying to implement a standardized system across all our portfolios. I've been researching agencies that handle this exact niche and found a solid breakdown of bookkeeping services for private equity firms on the website https://www.bobsbookkeepers.com/industries/private-equity. They seem to understand fund-level reporting, post-acquisition integration, and due diligence prep. Have any of you mandated a specific agency across your portfolios to keep things uniform, or do you usually let the founders keep their existing local CPAs? Would love to hear your strategies.

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