Avoiding Accounting Hell for Small and Midsize Businesses

You'll love hating this exposé.
It can help you anticipate risks during due diligence. And then solve post-completion problems.

For decades, I've been keeping a log of the pitfalls searchers detect before deals are done. And the costly obstacles that arise post-completion. My checklist, below, details them.

Searchers can save lots of time and aggravation using this checklist. It points to the trouble spots, which you might see before you buy a business. Or, afterwards.

What kind of problems? Mismanagement, undesirables, inadequacies, incompetency, unnecessary risks, unrealistic foresight, errors and omissions, governmental annoyances, etc.

What's the penalty for searchers? Buying the wrong business or buying the right business on the wrong terms.

Accounting is foundational. Financial reporting won’t be right if the accounting isn’t right. (Garbage-In / Garbage-Out)

Do-it-yourself accounting is common, and it's one of the most costly risks.

And that will adversely affect: Due diligence, financing, valuation, negotiating, personal guarantees, buy/sell agreements and post-completion operations.

The Checklist###-###-#### https://tinyurl.com/w28nw3f4

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