Manufacturing Company Streamlines PPA Implementation with Solaris
A private equity-backed company completed an acquisition and required hands-on support to translate the finalized purchase price allocation (PPA) into accurate Day 1 accounting. Solaris was engaged to implement fair value adjustments directly into the ERP system, create upload templates, and rebuild asset subledgers in alignment with ASC 805. The engagement supported management through a demanding transition period in which they were balancing acquisition integration and operational responsibilities.
The Challenge: Implementing complex PPA adjustments into an ERP system during a high-pressure transition period
The client received a comprehensive PPA report but lacked the internal capacity and expertise to translate valuation conclusions into ERP-compatible entries. The work spanned dozens of fixed assets and multiple categories of intangible assets, each requiring fair value step-ups, new amortization bases, and revised depreciation lives. Further complicating the effort, the organization was simultaneously undergoing post-close restructuring, leaving management without the capacity to perform detailed subledger rebuilds or prepare audit-ready support for ASC 805.
The Solution: Hands-on PPA implementation, data reconstruction, and Day 1 system entries
Solaris directly executed the PPA integration by building standardized templates to map valuation inputs to ERP fields and enabling bulk upload of asset adjustments. We validated historical asset data, reconciled it to the valuation schedules, and created new subledger records for intangible assets and adjusted fixed assets. Our team then prepared and posted Day 1 journal entries, updated depreciation and amortization schedules, and ensured alignment with ASC 805 and internal accounting policies. Throughout the process, we worked closely with management to resolve data gaps, coordinate with auditors, and ensure that all supporting schedules were transparent, tie-out ready, and fully traceable.
“Solaris stepped in and handled the detailed PPA work our team simply didn’t have the capacity for. Their hands-on support in the ERP made our audit process smooth and gave us confidence during a chaotic transition.”
The Impact: Accurate Day 1 books, streamlined integration, and audit-ready support
The client obtained a complete set of GAAP-aligned opening balances embedded directly in their ERP system. Solaris’ templates, subledger processes, and documentation provided a repeatable model for future M&A activity and reduced dependency on manual work-arounds. Audit review was completed with no adjustments, and management gained confidence that the purchase accounting reflected the valuation conclusions accurately and could withstand both internal and auditor scrutiny.
Solaris implemented the PPA into the client’s ERP system, including Day 1 entries and detailed fair value adjustments across multiple asset classes. This specialized support delivered accurate opening balances and eased the burden on an overextended finance team.