Step-by-Step Process of a QoE Engagement in Canada | Aspen Valuations

How a QoE Report Can Increase Business Sale Value

When preparing to sell a business in Canada, one of the most powerful tools you can use is a Quality of Earnings (QoE) report. A QoE goes beyond audited financials to show buyers the sustainability of your earnings.

Here’s the step-by-step process:

  1. Information Gathering – Collection of financial statements, tax returns, and contracts.

  2. Normalization & Adjustments – Identifying non-recurring revenues and expenses.

  3. Detailed Analysis – Reviewing earnings drivers, revenue quality, and cost structures.

  4. Risk & Opportunity Review – Highlighting potential issues and strengths.

  5. Final Report – A clear QoE deliverable that supports negotiations.

Seller’s QoE Checklist (Canada):

  • 3 years of financial statements & tax filings

  • Management-prepared financials (monthly/quarterly)

  • Accounts receivable and payable listings

  • Debt schedules and loan agreements

  • Customer and supplier contracts

  • Forecasts and budgets

Why it matters:

Being organized allows the process to run smoothly, reduces buyer skepticism, and can help achieve stronger valuations.

At Aspen Valuations, we provide independent QoE reports tailored to Canadian market expectations.

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