I get it. What’s interesting is that they’ve been keeping their books without these considerations for a very long time. Their CPA had not alerted me to any of this as a requirement.  I doubt I would have taken this project on. 

Seems I need to have a conversation with the CPA before endeavoring to make all these procedural corrections. It’s going to take a lot of time to get this turned around. 

Thanks again for sharing your expertise.