The FDD landing page tells you what you get. This page tells you exactly how it works: every data source we support, every flag the engine detects, every tab in the workbook you receive.
EBITDA Bridge ($ in 000s)
FY23 reconciliation to adjusted EBITDA
| Reported EBITDA | 2,310 | From P&L |
| (+) Owner add-backs | 340 | GL entries flagged |
| (+) Non-recurring legal | 85 | Account 6420 |
| (−) Below-market rent | (120) | Related-party |
| (+) Discontinued ops | 135 | Q2 2023 wind-down |
| Adjusted EBITDA | 2,750 | +19.0% vs reported |
2 add-backs auto-flagged for review. Click any line for source-document trace.
Illustrative. Real deal data stays private.
Raw accounting data becomes diligence-ready financials.
Sellers often present on a cash basis. We reconstruct accruals using AR/AP aging and balance-sheet movements, then surface every difference between the two views.
Roll up multiple legal entities into a consolidated view, with eliminations and entity-level attribution surfaced on every line.
Auto-detected add-backs and adjustments, presented as a clean bridge from reported EBITDA to adjusted EBITDA. Every adjustment is traceable to the underlying entries.
Period-over-period and trend analysis on every line item, with automated explanations for material movements.
Detects misclassified expenses (e.g. contractor pay booked as COGS) and proposes corrections, preserving an audit trail you can defend.
Identify revenue dependence on a small number of customers, and supply-chain risk from concentrated vendors, with thresholds you can tune.
The engine ships with dozens of flag definitions tuned for lower-middle-market deals. A sample of what it catches:
Single-customer reliance, segment dependence, deal-driven anomalies
Operating vs COGS misallocation, capitalization errors, missing accruals
Discrepancies between cash receipts and recognized revenue
DSO/DPO drift, inventory buildup, collection issues
Quarter-on-quarter breaks from established patterns
Supply-chain risk from over-dependence on a few vendors
Gross margin trends and outlier periods
Personal expenses, related-party transactions, one-time items
Unusual GL accounts, missing detail, suspense balances
Excel-native, IB-formatted, ready to drop into your deal team's diligence binder.
View a synthetic in-browser exampleThe example uses an invented company and is not an excel download.
Each deal gets a workspace. Upload source documents, version reports, and keep the deal team aligned.
Store the seller's raw exports, your re-runs, supporting documents, and the final workbook in one place per deal.
Re-run reports as new data lands. Every version is preserved with a timestamp, so you can show how findings evolved during diligence.
Deal-level permissions so analysts, partners, and external advisors see only what they need.
Start from the seller's files or connect the ledger directly. Every path feeds the same normalization, analysis, and flag-detection workflow.
Direct connection
Connect securely and pull the trial balance, financial statements, and chart of accounts across every available period.
Web Connector or file upload
Use the Web Connector or upload reports and IIF files. We normalize sub-accounts, periods, and sign conventions.
Direct connection or file upload
Connect directly or upload exports and run them through the same normalization and flag-detection workflow.
Direct connection or saved-search export
Connect NetSuite securely or upload a saved-search CSV when a direct connection is not practical.
Intacct, Business Cloud, and Sage 50
Bring in cloud-ledger data from Sage Intacct or Sage Business Cloud, or upload a Sage 50 trial-balance export.
No accounting access required
Upload the files the seller already sent. We handle trial balances, statements, and inconsistent ad-hoc formats.
Connect an ERP or upload financials and you'll have a workbook in roughly a minute. Money-back guarantee if you don't find it useful.
