Search Fund Quality of Earnings (QofE) Solver

Underwrite matching QuickBooks reported accrual sales against audited bank deposit transcripts and Stripe merchant statements to identify EBITDA phantom income before closing.

Reported EBITDA & Cash Variance

Seller Reported Adjusted EBITDA ($ USD)

24-Month Unreconciled Bank Deposit Shortfall ($ USD - e.g. $185,000)

Target Acquisition Purchase Multiple (e.g. 5.5x)

Purchase Price Adjustment & Equity Saved

True Audited Cash-Normalized EBITDA

$1,357,500 Normalized Cash EBITDA

Direct Purchase Price Valuation Reduction

+$508,750 Equity Check Slashed

Return on $35k QofE CPA Audit Fee

1,453% ROI on Accounting Due Diligence