Quality of earnings software for transaction advisory teams

Lay management's proposed adjustments beside the diligence team's own, so the reader can tell the company's earnings figure from yours. Each adjustment carries its period and its supporting document, from reported net income through to adjusted EBITDA, and the reported figure and the adjusted figure never blur together.

A source-linked figure opens the document at the highlighted line. Derived figures keep their contributing rows, and each row keeps its own source, so a reviewer can follow the adjusted EBITDA bridge back through every add-back to the pages behind it.

Compare the balance sheet accounts the engagement includes across the monthly dates in scope, with the debt schedule read beside them one row per creditor: the original amount, the current balance, the rate, the maturity and whether the obligation is current.

The accounts receivable and accounts payable aging reports are read in the ranges the company printed, one row per customer or vendor, so concentration in a few customers, intercompany names and the movement of the aging from one report date to the next are each in front of the team.

Compare the reported results with the company's bank activity and its tax returns. Bank statements show the deposits, withdrawals and balances behind a revenue or cash figure, and the tax-to-book reconciliation carries taxable income back to income per books.

SpreadSpace draws better visuals than anyone else in the market. Revenue, margin, trailing twelve month and adjusted EBITDA charts are built from the extracted figures, and every bar, point and bridge step opens the figure behind it.

Arrange the charts and tables on the shared canvas, review them with the manager and the partner and carry the finished exhibits into the report.

Upload a past report as a PDF or Word document and SpreadSpace reproduces its structure as a reusable template. Bring the databook, the adjusted EBITDA schedule and the charts into it as exhibits and write the findings around them.

Readers open a figure in an exhibit and land on its source. Finalizing records the version the client received, and reopening it is an explicit, recorded step, so the engagement file stands up to a second review.

Bring the review into the platform your team already uses through the embedded workspace, or run the engagement in SpreadSpace. Either way the documents, the databook and the report stay in one place, with the audit trail behind every figure.