Financial Integration for AEP’s Newly Acquired Entity
Home » Case Studies » Financial Integration for AEP’s Newly Acquired Entity
Case Study
Financial Integration for AEP’s Newly Acquired Entity
Home » Case Studies » Financial Integration for AEP’s Newly Acquired Entity
Case Study
Financial Integration for AEP’s Newly Acquired Entity
Home » Case Studies » Financial Integration for AEP’s Newly Acquired Entity
Client
AEP's
Industry
Construction
Our role
QuickBooks(Financial Integrations)
Objectives
Implement QuickBooks Desktop (QBD) for the newly acquired entity.
Establish accurate and complete opening financial records.
Develop ongoing financial reporting tools and processes tailored to meet the bank’s standards.
Streamline the monthly close process to improve efficiency and transparency.
Our Approach
We partnered with AEP’s internal team to manage and execute a comprehensive financial integration, including:
QuickBooks Desktop Implementation
Installed and customized QBD to align with AEP’s chart of accounts and reporting structure.
Migrated relevant historical data and set up user access and roles.
Opening Balance Sheet Setup
Recorded detailed closing balance sheets from the acquired entity.
Entered beginning balance sheets into the new system to establish a clean starting point for financial reporting.
Balance Sheet Workbook with Reconciliations
Created a custom balance sheet workbook to track and reconcile account balances.
Provided templates and training for ongoing monthly reconciliation procedures.
Work-In-Progress (WIP) Reporting Tool
Implemented a WIP report tailored to the company’s operations, offering visibility into project-level performance and profitability.
Month-End Close Timeline & Custom Reporting Package
Designed a month-end close calendar to ensure timely and consistent financial reporting.
Built a custom financial reporting package that meets the specific formatting and detail requirements of AEP’s banking partners, with a focus on accuracy and reliability.
Results
Seamless transition post-acquisition with no disruptions to financial reporting.
Accurate opening balances and clean financials for compliance and audit readiness.
Improved reporting and faster month-end close, enabling better decision-making.
Bank-compliant financial package delivered consistently and on time.
