Why Your QuickBooks Cash-Basis Financials Won’t Survive an M&A QofE
A buyer’s quality of earnings review recasts your cash-basis books to accrual, and the EBITDA it produces is what they pay on. See what breaks and how to prepare.
Financing
Financing
Financing
How to Handle Ghost Employees and Family Payroll During a Financial Audit
Family on the payroll can be a legitimate add-back or a deal-killing red flag. Here is how a quality of earnings review tests family wages, and how to document them first.
Financing
The Danger of “EBITDA Creep”: How Small Expenses Inflate Under Due Diligence Scrutiny
EBITDA creep – the slow accumulation of small, unsupported add-backs – collapses under a buyer’s quality of earnings review. Here is how it costs you and how to prevent it.
Financing
How to Handle Unrecorded Liabilities Before a Buyer’s Accountant Finds Them
Unrecorded liabilities are the surprises that erode a sale price and a buyer’s trust in due diligence. Here is what counts, the California-specific traps, and how to surface them before a buyer’s accountant does.
Financing
What Happens to Your Open Accounts Receivable at the Closing Table?
When you sell your business, who collects the open invoices? Here is how accounts receivable at closing are handled through the working capital peg, and how to protect your net proceeds.