Opening balance review and accounting transition support

Opening Balance Review and Accounting Handover Support

When a company changes accountants or takes over historical records, opening balance issues can affect future reporting, tax compliance and management confidence. PATC Ledger supports practical opening balance review and accounting handover work.

Who this is for

Designed for companies that need practical, senior-level support.

  • Companies changing accounting service providers
  • Foreign-invested groups taking over historical accounting records
  • Management teams needing confidence over opening balances and key reconciliations
  • Companies preparing for reporting review, tax review or accounting transition
How PATC Ledger can support

Scope can be tailored based on your records, deadlines and management needs.

  • Opening balance review and key account reconciliation
  • Review of employee receivables/payables, intercompany balances and loan accounts
  • Fixed asset, tax and reporting readiness issue identification
  • Preparation of proposed adjustment schedules and explanations
  • Support for communication between current, previous and management teams
Typical outputs

Clear schedules, issue summaries and practical next steps.

Opening balance issue list
Reconciliation schedules
Proposed adjustment summary
Management explanation notes and next-step recommendations
Important note: Opening balance review is not a statutory audit. It is practical accounting and documentation support designed to identify issues, reconcile balances and support reporting readiness.

Discuss your accounting or tax support needs

PATC Ledger works with foreign-invested companies, group entities and management teams that require practical, senior-level support in Mongolia.

Request a discussion