Tonnesen Accounting Services
SBA Quality of Earnings reports, $7,500 flat, generally two to four weeks
SBA Quality of Earnings reports, $7,500 flat, generally two to four weeks
Tonnesen Accounting Services provides Quality of Earnings reports for SBA-financed and lower middle market acquisitions, for buyers, searchers, independent sponsors and lenders. More than 600 QoE engagements completed, about 40 a month. $7,500 flat for SBA-sized deals, with larger deals scoped and priced to the work after an initial call. Generally two to four weeks from receipt of documents.
Scope includes proof of cash, reconciliation to three years of filed tax returns and IRS transcripts, documented add-backs, customer and working capital analysis, CIM reconciliation, a five-year monthly projection model and a full management Q&A. Reports can be engaged by the buyer or directly by the SBA lender under SOP 50 10 8.1.
A sample deck and workbook are free to download on our website, and the team will walk you through the product, process and background on a call before you commit. Based in Fort Myers, Florida, working with buyers and lenders nationwide.
QoE / Financial DD
Quality of Earnings reports, $7,500 flat for SBA-sized deals, with larger deals scoped and priced to the work. Generally two to four weeks from receipt of documents. Includes proof of cash, reconciliation to three years of filed tax returns and IRS transcripts, documented add-backs, customer and working capital analysis, CIM reconciliation, a five-year monthly projection model and a full management Q&A. Built on more than 600 QoE engagements completed, about 40 a month.
QoE / Financial DD
Financial preparation for business owners planning to sell, drawing on more than 600 Quality of Earnings engagements completed from the buyer side. Organizes the financials, resolves differences between the books, bank statements and filed tax returns, and gets the company ready for a buyer's QoE.
Based on 6 buyer reviews
“- The questions posed to the sellers were batched and didn't add a lot of noise to them. - The rigor was high so I felt pretty confident in their analysis of the various reconciliations. - Unexpected findings were dug into so that they could be explained properly. - They have high standards and only accepted a very small % deviance as acceptable which I liked. - The QoE worksheet was clear and post QoE walkthrough was helpful for understanding the details better -”
“More time walking through the findings would've been appreciated but not a big deal since report was clear. I'm sure if I had asked for it, they would've been happy to offer it as well, so this is mostly on me.”
“I have used them for QoE analysis as well as CPA advisory for various questions I had (e.g. S corp election, cash flow recommendations, debt paydown strategy and so on) and they've been quite helpful for both sets of work.”
“Joshua’s biggest strength was his thorough, independent validation of the seller’s numbers and addbacks. He did not just accept the recast at face value. He tied items back to source data, flagged gaps, and clearly explained where SDE was overstated, including property taxes under the NNN lease, and expenses related to the owner's hobby activities. That directly impacted my deal by giving me a more realistic view of earnings and risk. He was also very clear and practical in communication. He walked me through the findings, quantified the impact by year, and highlighted the TTM decline so I could factor it into valuation and negotiations. Joshua was the key person I worked with and was consistently responsive and detail oriented.”
“Buyers should make sure the seller and their team understand that Joshua’s information requests are time-sensitive and essential to the deal. Set the expectation early that QoE is a critical part of the transaction, even if the seller does not initially see its importance. Prompt, complete responses make the process far smoother and maximize the value of his work.”
“Josh was great to work with. He did a thorough job. He and his team answered all of my questions and I would definitely use them again next time through.”
“Nothing.”
“Anyone considering a SMB acquisition.”
“Josh provided a timely and thorough assessment of the target business by interfacing directly with the sellers. Understanding of the critical timing during due diligence, Josh completed his work well within the estimated timeline (even during the busy holiday season). Even after completion of my QoE, Josh has made himself available for follow-up questions and advisement as I move my deal along.”
“I would HIGHLY recommend Josh for your Quality of Earnings analyses, and his partnership has been critical to progress I have made on the acquisition of my business. I will continue to work with Josh as needed moving forward!”
“I engaged with Josh and his team after being referred from a broker who had worked with them on another deal and was effusive in his praise for their professionalism and the quality of their work. While my deal was ultimately canceled in diligence, they demonstrated that same professionalism, thoroughness, and responsiveness that the Broker had mentioned. Additionally, for the extensiveness of their work product, it is an incredibly cost-effective solution they are providing. I would highly recommend working with them.”
“Nothing to note”
“Any independent sponsor or self funded searcher who needs to perform accounting or QOE efforts”
“Joshua was very responsive and truly a part of our team and had our best interests in mind at all times. Easy to reach, easy to talk to, always willing to help with any questions.”
“Best for business acquisitions and acquisition entrepreneurs who need a professional deep look at financial performance.”
Review attributions are provided by reviewers and are not independently verified by VerSquare.