Chart of Accounts Clean Up & Creation
Books restructured so you can read them. Categories that match how the business actually runs.
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IRS Mapping
%
Compliance
Built for audit readiness
ASC 606 Alignment
Revenue category reporting structure
IOLTA Liability Structuring
Client trust fund separation
Covenant Tracking Frameworks
Debt ratio monitoring support
Recognized by the best
Our Featured Clients
What leadership teams say about working with Frak Finance.
Nancy - Ecommerce Brand
"We can't speak highly enough about Frak Finance. Their customized CFO services
have transformed the way we manage our retail business. Their team took the time to understand our industry, challenges, and goals, allowing them to provide tailored financial strategies that have significantly improved our profitability. Their insightful analysis of our financial data has given us a competitive edge, and their responsiveness to our needs has made them an integral part of our strategic planning. Working with Tom has been a game-changer for our business."
During this time, Tom brought his extensive financial and people management expertise to support rebuilding our finance organization from the ground up while the firm transitioned out of a startup mindset and into a mature organization. Tom would excel in an organization where leaders hold themselves accountable and own true to their commitments, needs are explored and clearly stated, and collaboration is considered paramount."
D. Singh - Scholastic Sports
“I recommend Frak Finance for any early-stage, high-growth company that needs a smart,
reliable team who has done it before and can get things done well and quickly, all with a smile on their face. Tom sees the big picture as a founder/investor himself. He can also understand the details quickly as a prior operator. I personally threw Tom in the deep end to build our financial model prior to our 10MM+ raise with little guidance on the eve of a holiday weekend (it was a pre-emptive opportunity). Tom delivered in the face of this aggressive deadline with a smile on his face.”
and clarity around how my business is really performing. They cleaned up our books, built a proper chart of accounts, and completely changed the conversation with my accountant by providing structured, reliable books. Even when things feel messy on my end, I know the financial foundation is solid — and that’s been huge.”
Adam - Social Entertainment
“I needed a solution that was cost effective but high quality and high caliber.
So that's where Frack comes into mind because... Level of attention and care and transparency. They take care of what your needs are and they tailor it exactly to what your business requires. You're not just hiring Frack, you're hiring an entire team of experts and you're not just getting this one individual on your team, you're getting our entire network."
Clean Books Start With Clean Categories
Chart of Accounts Setup and Cleanup for More Reliable Financial Reports
Frak Finance helps businesses clean up, organize, and structure their chart of accounts for better financial visibility and reporting accuracy. We remove duplicate entries, simplify account structures, and create scalable systems that support smarter bookkeeping and decision-making.
Organized Account Structure
Category Standardization
Scalable Setup
An Accounting Chart of Accounts That Makes Reporting Cleaner From the Start
Here’s why owners bring standard chart of accounts work to Frak
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%
Cleaner financial reporting through standardized chart restructuring methodologies
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Faster tax preparation using IRS-aligned account classification systems
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Audit trail visibility supporting lender and compliance review requirements
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Reduced categorization inconsistencies through structured account consolidation procedures
How We Clean Up or Build Your Chart of Accounts
Clean Account Setup for Better Books, Reports, and Close Cycles
Diagnose Your Current Structure
We pull your existing chart of accounts and financial statements. We identify misclassifications, duplicate accounts, missing cost centers, and structural gaps. If you are starting from scratch, we assess your industry, entity type, revenue model, and reporting needs
Design the Right Framework
We build or restructure your chart of accounts based on how your business actually operates, by service line, location, department, or product. Every account is mapped to support clean month-end closes, accurate tax filings, and investor-grade reporting.
Implement Without Disruption
We migrate, reclassify, and tag your existing transactions, carefully preserving historical data while bringing your books into a clean, scalable structure. Your bookkeeping team is trained on the new framework.
Validate and Standardize
We run a reconciliation cycle against your prior financials to ensure nothing was lost or distorted. We document SOPs so your accounting team maintains the structure going forward, and your CPA receives clean books at year-end.
Creating Consistency Across Your
Books, Reports, and Tax Records
A clean chart of accounts is not just an accounting project. It is the operating system behind every financial report, tax strategy, and business decision you make. Here is what you walk away with.
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Clean Chart Of Accounts
The full chart restructured to match the business. Categories named in plain operating language.
3
Reporting Pack
Standard P&L, balance sheet, and cash flow built on the new structure. Ready to send anywhere.
2
Restated Financials
Prior-year P&L and balance sheet remapped to the new chart. Comparability preserved throughout.
4
Owner Walkthrough
A working session on the new chart. Where every category sits, why, and how to read it going forward.
Case Studies
Our Featured Projects
Real results from SMBs who trusted Frak Finance to fix the foundation and build from there.
INDUSTRIES WE SERVE
Partnering with Businesses Across Every Sector
Every industry has its own revenue model, cost structure, and reporting nuance. We build for yours.
Clean Account Setup for Better Books, Reports, and Close Cycles
About Frak Finance
We’re Operators Turned CFOs Who Get What You’re Building
With over 20 years of experience, we’re the CFOs who’ve actually built, scaled, bought & sold businesses. Now we guide yours.
We are Always Dedicated to our Work
Are Leading Consultants that you can Trust
“Ensure that you have the right chart of accounts — that foundational accounting. It is the first step to making sound business decisions, reducing tax liability, and positioning your company for what comes next.”
— Tom Dillon, CFA
Founder, Frak Finance
More Than a CFO
A Smarter Way
Get fully restructured or newly built chart of accounts in your accounting software (QuickBooks, Xero, Sage, etc.), with reports your CPA, lender, or buyer can trust without manual adjustments.
Inside Your Stack
The work runs through accounting leads who would otherwise be doing controller work. No junior pass-through, no data-entry offshore.
History Preserved
Done in the system you already use. QuickBooks, Xero, NetSuite. No platform change, no migration, no new login for your team.
Operations Untouched
The function runs on a team. The books don't go quiet when one person takes a week off or moves on to another seat.
Scoped And Signed Off
Bookkeeping done at a standard that supports what's coming next. Controller work, audit, transactions, and senior reporting on top.
Scaling, Acquiring, or Preparing to Sell? Let’s Talk.
Run Your Business on Numbers You Can Trust.
Looking to have a real conversation about your numbers? Book a call today to discuss the gaps standing between you and your goals.
A Strategy Call With Senior Leadership
Honest Read Of Where You Stand Financially
Clear Next Steps, Scoped To Your Situation
Call Us Support 24/7: (312) 685-1627
Call Us Support 24/7: (312) 685-1627
View All Consulting Office Locations
View All Consulting Office Locations
Schedule a Free Consultation
Frequently Asked Questions
Answers to the most common questions founders ask before starting a chart of accounts engagement.
How is a COA cleanup different from regular bookkeeping?
Bookkeeping records transactions. A chart of accounts cleanup restructures how those transactions are categorized and reported. Think of it as fixing the filing system, not the files. Without the right COA, even flawless bookkeeping produces unreliable reports. We fix the structure so every report downstream P&L, balance sheet, cash flow reflects your business accurately.
Will changing my chart of accounts mess up my historical data?
No. We preserve historical integrity during every migration. Transactions are reclassified carefully, and we run reconciliation cycles against your prior financials to ensure nothing is lost or distorted. Your CPA will receive a clean, audit-ready data trail for all prior periods.
How long does a typical COA project take?
Most chart of accounts cleanups or builds are completed within two to six weeks, depending on complexity, number of entities, transaction volume, and how much historical reclassification is needed. We scope everything upfront so you know the timeline and cost before we begin.
What accounting software do you work with?
We work across QuickBooks Online, QuickBooks Enterprise, QuickBooks Desktop, Xero, Sage, Odoo, Wave, and Great Plains. If you are on a different platform, we will assess compatibility during your diagnostic call. The chart of accounts structure we build is software-agnostic in design.
Blogs & Insights
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