What a Quality of Earnings report actually tells you
What’s inside a QofE, why it’s different from an audit, and how it protects your purchase price.
Read articleInstitutional-grade Quality of Earnings and financial due diligence, built to stay comprehensive without the runaway hours or the blind spots of a sampled review. For independent sponsors, searchers, private equity, and business owners.
A deal is only as sound as the numbers beneath it. We dig past the income statement to the cash, the trends, and the risks, so you negotiate, lend, or sell from a position of certainty.
Most diligence still works by sampling: a team reviews a slice of the data and extrapolates the rest. We review all of it. Experienced analysts, paired with AI that reads the entire ledger and every dollar that moved through the bank, so the work stays comprehensive without turning slow, and the findings follow the data rather than whoever happens to be reviewing it at the end of a long day.
Every transaction in the ledger and every line through the bank gets read. Nothing important hides in the slice a sample skipped.
A focused review can land in about a week. When you are racing an exclusivity clock or weighing a live offer, that speed is the edge.
The full population gets reviewed the same way every time. No sampling, no fatigue, no anchoring on the number the financials were dressed up to show.
A comprehensive read, delivered in about a week, for buyers or sellers. Reviewed by our team and right-sized for smaller deals or an early look before you commit.
Institutional-grade diligence with senior judgment on every finding and nothing left to a sample. The depth of a Big-Four engagement, without the Big-Four hours.
Focused, senior-led engagements that give you the financial clarity to move with confidence, whether you’re buying, lending, or selling.
The cornerstone analysis: we normalize EBITDA, test revenue quality, and validate that reported earnings are real, recurring, and sustainable post-close.
Learn moreA complete read on financial health, balance-sheet review, debt and debt-like items, working capital trends, and the operational drivers behind the numbers.
Learn moreSelling your company? We surface and resolve issues before buyers do, build a defensible earnings story, and help you understand what your business is truly worth.
Learn moreWe set a fair, data-driven working capital target so you don’t overpay at close or get squeezed in the true-up, one of the most contested numbers in any deal.
Learn moreWe tie reported revenue and earnings to actual cash that moved through the bank, the most reliable test of whether the financials reflect economic reality.
Learn moreEarlier in a process, or working a smaller deal? Right-sized assessments flag the deal-breakers fast, before you spend more time and capital.
Learn moreWe work the lower middle market the way it deserves to be worked, with senior attention, genuine independence, and an understanding of what’s actually at stake for you.
Win investor confidence and close with conviction. We give you LP-ready diligence that stands up to scrutiny.
It’s often your own capital and one shot. We pressure-test the numbers so your first acquisition is the right one.
A reliable diligence partner for add-ons and platforms, institutional rigor, responsive teams, and no surprises.
Know what your company is worth and sell from strength. We prepare your earnings story before buyers test it.
The largest firms are thorough but expensive, layered, and slow. The cheapest options miss what matters. Greenwood was built for the deals in between, where the diligence has to be sharp, the partner has to be reachable, and the attention has to fit the deal. It’s the kind of partner we’d want on our own deals.
The person who scopes your engagement is the person doing the work, not a rotating cast of first-year associates.
Most reports land in two to four weeks of data access, fast enough to keep your exclusivity window and momentum intact.
We are not your broker, your lender, or your counsel. Our only job is to tell you what the numbers really say.
We treat every engagement as if our own capital were on the line, because for the people we serve, it usually is.
The Greenwood Diligence Standard
A proven process that keeps your deal moving while we get to the truth beneath the numbers.
A short call to understand the target and your goals, with a clear scope and timeline before any work begins.
We send a focused request list and analyze the financials, ledgers, and bank activity, reconciling what’s reported to what’s real.
EBITDA normalization, working capital, proof of cash, and revenue quality, with management Q&A to resolve open items.
A clear, defensible report and a live walkthrough, so you can negotiate, lend, or sell with total confidence.
What a Quality of Earnings is, what’s inside one, and where the work is heading. Written for buyers, sellers, and operators.
What’s inside a QofE, why it’s different from an audit, and how it protects your purchase price.
Read articleThe smaller the deal relative to your net worth, the more you need the truth before you wire it.
Read articleFrom a sample reviewed by an expert to everything, interpreted by an expert. Why that’s a different method entirely.
Read articleTell us about the transaction. We’ll tell you exactly how we can help and how fast we can deliver.