Bookkeeper uncertain how to handle prior year adjustments for miscategorized transactions without misstating current year P&L, due to conflicting guidance on using retained earnings.

Accounting software doesn't provide clear guidance or workflow for handling prior period adjustments without affecting current year P&L; manual knowledge of GAAP is required.

Severity

3Medium

Willingness to Pay

implied

Added

May 23, 2026

App Concept

AdjustPro Flow

A workflow automation tool for bookkeepers and accountants that guides prior period adjustment entries, ensuring they hit retained earnings or appropriate equity accounts without distorting current year P&L. It provides step-by-step validation, audit trails, and report impact previews.

Key Features

Guided wizard for prior period adjustments with GAAP-compliant account mapping
Real-time preview of impact on P&L and balance sheet before posting
Automatic generation of adjusting journal entries to retained earnings
Audit trail with documentation for review and compliance

Target Users: Bookkeepers and accountants at small to mid-sized accounting firms handling client cleanups and corrections

Revenue Model: $29/mo per user SaaS subscription with a free tier for up to 5 adjustments/month

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