How do I clean up my financials before selling?

Choose a consistent accounting basis (cash or accrual) and apply it across your recordshttps://www.midstreet.com/blog/prepare-financials-business-sale#:~:text=1,to%20Follow%20Accepted%20Accounting%20Norms. Consolidate duplicate accounts, standardize account names and keep up‑to‑date financial statements. Remove non‑operating or personal assets from the balance sheethttps://www.midstreet.com/blog/prepare-financials-business-sale#:~:text=2.%20Remove%20Non,Your%20Balance%20Sheet. Reduce discretionary personal expenseshttps://www.midstreet.com/blog/prepare-financials-business-sale#:~:text=3,Through%20The%20Business and make sure your profit and loss statements align with your tax returnshttps://www.midstreet.com/blog/prepare-financials-business-sale#:~:text=4,Statements%20Match%20Your%20Tax%20Returns. Work with a CPA to ensure accuracy and document add‑backs so buyers and lenders can understand the true cash flow. We help you collect and organise the necessary documents and guide you through legal considerations, always ready to answer your questions and provide reassurance.