Transaction accounting involves recording, summarizing, and reporting financial information. It also involves keeping a detailed record of every transaction as it occurs so you can present a clear picture to measure progress and performance.
Maintaining such records accurately is critical to management’s understanding of the financial performance of the company as well as understanding compliance with tax regulations. This all comes in handy for financings and recapitalizations, mergers and acquisitions, and more.
While transaction accounting may seem simple on the surface, complex transactions require not only an understanding of generally accepted accounting principles but also tax rules and consequences as well.
See how our team of accountants and tax specialists can help you account for a range of transactions when it comes time to prepare quality reporting for your next big ownership transfer or corporate restructuring.