Read a QoE report before you commission one
A complete, illustrative sample of the actual deliverable — a fictional company, the real structure: the adjustment schedule, revenue and margin analysis, a thirty-month proof of cash, and net working capital, presented the way buyers, sellers, and lenders receive them.
Most owners commission a Quality of Earnings analysis exactly once, sight unseen. This sample shows what you’re buying: how findings are presented, how every adjustment is supported, and how the analysis converts into negotiating positions — so you can judge the deliverable before a transaction depends on it.
Inside the sample
- Executive summary. Engagement overview, summary of findings, and Adjusted EBITDA.
- Business overview. History, service lines, footprint, and organization.
- Quality of earnings. Reported to Adjusted EBITDA — itemized adjustments, quarterly trend, and pro forma considerations.
- Revenue, margins, and cost structure. Service lines, recurring revenue, retention, customers, margins, project detail, expenses, and headcount.
- Proof of cash. Recorded revenue reconciled to bank activity across thirty months.
- Net working capital. Monthly trend, components, target considerations, and receivables aging.
- Debt, balance sheet, and other matters. Debt and debt-like items, capital expenditures, tax and employee matters.
- Appendix. TTM monthly income statement and a glossary of terms.
The sample is illustrative of a fictional company; all figures are illustrative. A full engagement deliverable includes the complete supporting databook.
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