u/kretchy34

Sellers with QuickBooks that's basically useless....How big of a deal is this for buyers?

Working a deal on an HVAC/refrigeration company. Owner has QuickBooks but it's so disorganized it's essentially unusable. What they do have: clean tax returns and a job-costing software that tracks work orders, revenue by job, and margins.

For those of you who've been on the buy side or represented buyers in trades deals — how much friction does messy/abandoned QB actually create versus no QB at all? Does it kill deals, re-trade them, or do buyers get over it once the tax returns reconcile and the job data tells the real story?

Thanks in advance!

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u/kretchy34 — 3 days ago