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The buyer's accountant is quite important. But you need to get an accountant who knows the business industry which you are going to buy very well.Different accountants have different experiences in different industries.
A good accountant can not only help you conduct auditing but also give you advise with regards the forecast profit and loss of that business. He/she can provide information and operation senarios for you to make purchasing decisions.
If you are going to buy a business in retail industry, it would be even harder as there's a lot of possible off-book cash income/expenitures.
According to my personal experience, you should check fixed assets accounts, estimate the possible off-book cash income/expenitures, loan account and lease plan carefully before you make a decision.
If you need more information, you can email me: coral_lily@hotmail. I will reply you with more details. |
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