Don’t Let Inflated Earnings Haunt Your Bottom Line

SMB QoE Expert

Paying for “phantom earnings” can sabotage your post-purchase plans. Verify the books now—or risk fighting an uphill battle to recoup your losses later with a Quality of Earnings Reports from our team.

Buy with Confidence, Grow with Certainty

Don't Overpay for a Quality of Earnings Report

Our core focus is helping business buyers with Quality of Earnings Reports, and our mission is to deliver the most helpful, valuable & competent service in the market.

We'll deliver better value than your typical CPA firm.

Better Pricing & Value

More Engaged Analysis

Fast Turnaround

Rapid Turnaround

We know how to deliver detailed reports without delaying your deal. The average turnaround time for our reports is 2-4 weeks.

Incredibly Helpful Analysis

Our analysis and insights are second to none.

Unmatched Value

Our narrow focus, experience and systems allow us to deliver a better value than other providers.

Avoid an Overpriced & Slow Report by Choosing a Focused Specialist

Don't Be an Afterthought

Most small to mid-sized buyers are an afterthought to CPA firms, leading to high prices with unhelpful results.

We've focused our entire operations on quality of earnings and helping buyers, leading to the best value and most helpful analysis possible.

A Skewed Valuation Can Drain Your Future Profits

When the numbers don’t match reality, you risk tying up capital in a business that never meets expectations. Don’t let incomplete data ruin your investment.

We Make Top-Caliber Quality of Earnings Reports Much More Accessible

We Love Mid-Sized & Smaller Buyers

Before launching this firm, I specialized in analyzing financial statements in a corporate setting—where I’d comb through complex financials to catch errors that others might miss. Today as a licensed CPA, I use that same detail-oriented mindset to help you buy a business you can truly rely on.

Most CPA firms only work with very large deals, leaving the average business buyer without good options.

I exist to help mid-sized, to smaller business investors get top-tier quality of earnings analysis, all without breaking the bank.

If you want a high-caliber analysis, at a scope and price that's accessible to smaller investors, I'd love to help you.

OUR MISSION:
Analysis, Competence & Value

When you partner with Tonnesen Accounting Services, you gain more than just numbers—you gain a strategic edge that safeguards your capital and future growth through an excellent QoE Report.

Clarity Over Confusion

Get a straightforward view of the seller’s financials.

Swift Turnarounds

We deliver our findings quickly so you stay on schedule.

Negotiation Power

Use accurate data to secure the best possible price.

Reduced Risk

Spot hidden liabilities before they become your burden.

Expert Guidance

Leverage our experience to navigate complex financial details.

Long-Term Stability

Start ownership on solid ground and plan confidently for tomorrow.

Discover Problems Before They Become Your Burden

A single overlooked detail could mean unexpected debt, legal issues, or damaging financial losses.

Getting the numbers right upfront safeguards your long-term success.

Have Questions? We’ve Got Answers

Addressing Common Concerns About Quality of Earnings

When it comes to buying a business, concerns about cost, accuracy, and the scope of financial reviews are totally normal. Many people wonder if their existing accountant could do the job just as well or worry about spending money on a separate analysis. At Tonnesen Accounting Services, we focus exclusively on Quality of Earnings, bringing deep expertise and real-world experience to verify every figure. We’ll not only help you catch errors but also clarify why certain calculations are crucial. From reconciling bank statements to ensuring the seller’s discretionary earnings are accurate, we ease your doubts by delivering clear, data-backed insights that protect you from costly oversights.

What is a Quality of Earnings Analysis, and why do I need a Quality of Earnings Analysis before buying a business?

A Quality of Earnings Analysis is a detailed review of a company’s financial statements, focusing on the accuracy and sustainability of its earnings.

By conducting a Quality of Earnings Analysis before acquiring a business, you can identify potential red flags—such as overstated revenues, understated expenses, or irregularities in bookkeeping.

This ensures you’re paying a fair price and protects you from unexpected financial pitfalls after you take over.

I Already Have an Accountant—Why Hire Another?

It’s a valid question: If you have a trusted CPA, why bother with a separate firm for a Quality of Earnings review?

The answer is specialization.

While many accountants handle routine tax filings or basic bookkeeping, they may not dive into the fine details of trailing 12-month performance, add-back legitimacy, or the hidden liabilities unique to small-business transactions.

Tonnesen Accounting Services focuses exclusively on dissecting the seller’s financials from a buyer’s perspective.

We spot anomalies, ensure a realistic owners discretionary earnings, and deliver a crystal-clear snapshot of exactly what you’re buying—so your existing accountant can focus on what they do best.

How We Protect You from Inflated Valuations

Many clients fear a high valuation propped up by unrealistic earnings projections or sloppy bookkeeping.

We tackle these worries by meticulously verifying every number and challenging assumptions that don’t align with the bank statements or tax returns.

If the claimed seller’s discretionary earnings (SDE) are off by even a small percentage, that discrepancy can add up to tens of thousands of dollars.

We help you recalculate a fair SDE so you can negotiate a purchase price rooted in reality—protecting your bottom line from day one.

Will This Slow Down our Deal?

You may worry that an in-depth financial review will drag out your deal, but our streamlined approach was built for speed.

We know sellers want to close as soon as possible—and as a buyer, you need solid data without unnecessary delays.

Tonnesen Accounting Services zeroes in on the core financial metrics, focusing on bank reconciliation, tax return alignment, and the seller’s discretionary earnings.

By maintaining close communication with you and any other stakeholders (like brokers or the seller’s accountant), we keep the process efficient, ensuring you get accurate results in a timeframe that supports your transaction.

Clearing Up Confusion About Assurance vs. Analysis

We perform analysis, we do NOT provide assurance.

Some buyers think they need a full-blown audit to be absolutely sure of the numbers.

However, that level of scrutiny can be expensive and time-consuming—and it might not even be necessary for small-to-mid-size acquisitions.

We provide a robust Quality of Earnings Analysis that offers an in-depth look at a seller’s finances without the bloated cost of official “assurance.”

Our approach is thorough: We verify the seller’s claims, align financial statements with actual bank records, and ensure you understand every adjustment.

This approach saves you money while offering enough certainty to make a wise, data-backed decision.

How Our Analysis Helps You Dodge the Wrong Investment

A common hesitation is spending money on due diligence, only to walk away from a deal. But consider the alternative: entering a shaky transaction and discovering inflated numbers or hidden debts months later.

A comprehensive Quality of Earnings review might stop you from inheriting a financial mess. And if the deal does fall through, you’ll know you dodged a much bigger loss down the road.

Think of our service as investment insurance—minimizing your exposure to bad accounting and maximizing your confidence in the right opportunity.

What is a QoE in private equity?

A Quality of Earnings (QoE) report is basically a deep dive into a company's finances to see how solid and reliable their earnings really are. Instead of just looking at standard financial statements, a QoE report digs into things like one-time expenses, unusual accounting practices, or anything else that could make the numbers look better (or worse) than they actually are.

For private equity firms, this report is key when buying or investing in a company. It helps them understand if the company’s earnings are sustainable and if there are any financial red flags they should know about before making a decision.

What does QoE mean in business?

In business, a Quality of Earnings (QoE) report is a detailed analysis that examines a company's financial performance to determine how accurate and sustainable its earnings are.

It looks beyond the basic financial statements to identify things like one-time gains, accounting adjustments, or irregular expenses that could distort the true earning potential.

Businesses often use QoE reports during mergers, acquisitions, or investments to get a clearer picture of a company’s financial health and future profitability.

Qoe report - quality of earnings report cpa

Get the Best Value Quality of Earnings Report Possible

Better services and faster turn-around for a lower cost. Put more money back in your pocket this year by choosing the right accountant.

Buying a Business Shouldn't Feel Like a Gamble

Are you ready to take the leap into business ownership but feeling overwhelmed by the financial due diligence process?

You've found the perfect business.  The opportunity is exciting, and you can already envision yourself at the helm. But navigating the financial complexities of an acquisition can be daunting.  Worries creep in:

  • Are the financials accurate?
  • Am I overpaying?
  • What hidden risks am I missing?

These uncertainties can stall your momentum and even derail your dreams.

That's where Tonnesen Accounting Services comes in.

We're your trusted guide in the world of business acquisitions.  As experienced CPAs, we specialize in quality of earnings reports that provide the clarity and confidence you need to make informed decisions.

Here's how we help:

  • We uncover hidden financial risks. Our in-depth analysis goes beyond the surface, revealing potential red flags and ensuring you have an accurate picture of the business's financial health.
  • We protect your investment.  We help you avoid overpaying and ensure you're getting a fair deal.
  • We empower you to make confident decisions. With clear and concise reports, you'll gain the knowledge and confidence you need to move forward with your acquisition.

Tonnesen Accounting Services is your partner in achieving your business ownership dreams. We'll help you navigate the complexities of due diligence, so you can focus on what matters most – building a successful business.

Read More....

Imagine this:

You're an aspiring investor and entrepreneur, eager to take control of your future by acquiring an existing business.  You've invested so much into finding the right opportunity, and now you're in the due diligence phase. But the financial complexities are overwhelming. You're not a financial expert, and you're worried about making a costly mistake.

This is where Tonnesen Accounting Services steps in as your guide. We understand the challenges you face, and we're here to provide the expertise and support you need. Our quality of earnings reports act as your financial roadmap, revealing the true financial picture of the business and guiding you towards a confident investment.

We analyze the business's financial records, identify potential red flags, and provide clear and concise reports that empower you to make informed decisions. With Tonnesen Accounting Services by your side, you can avoid overpaying, uncover hidden risks, and negotiate from a position of strength.

Our goal is to help you achieve your business ownership dreams.  We're committed to providing personalized service, transparent communication, and efficient results.  With Tonnesen Accounting Services, you can confidently navigate the acquisition process and focus on building a successful future.