How many months of bank statements do you ask for during DD?
i've been provided with tax statements but curious to see what is the usual ask when it comes to bank statements? Thanks!
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by an investor
from Purdue University
in San Francisco, CA, USA
in San Francisco, CA, USA
2yrs ago
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by an intermediary
2yrs ago
from Harvard University in San Diego, CA, USA
from Harvard University in San Diego, CA, USA
36 months of monthly statements. You should be able to track the money on the monthly P&L and match it to the deposits and withdrawals on the bank statement. You should then tie the P&L to the tax return
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by a professional
2yrs ago
from James Madison University in Washington, DC, USA
from James Madison University in Washington, DC, USA
redactedmonths. Is always best practice. Asking for 5 years at the start may cause some push back.
I always like the crawl, walk, run approach (start with 12 months then follow with 36 months) when it comes to requests as this yields the best results.
I always like the crawl, walk, run approach (start with 12 months then follow with 36 months) when it comes to requests as this yields the best results.
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