The key to a successful transaction can be summed up in one word: information.

Whether you’re buying or selling a business, quality of earnings (QofE) and due diligence provide the in-depth, reliable data you need to fully understand value, assess risks, and move forward with confidence.

A QofE analysis goes far deeper than reviewing financial statements — it evaluates the true earning power of your business, highlights trends, and uncovers the operational realities behind the numbers so you can avoid surprises before, during, and after the deal.

What We Offer

  • Buy-Side Due Diligence

  • Sell-Side Quality of Earnings

What Sets Eide Bailly Apart

When you work with Eide Bailly, you'll work with accredited professionals, including Certified Merger and Acquisitions Advisors and Certified Public Accountants, who dedicate 100% of their time to due diligence and quality of earnings work.

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Specialized Knowledge

Certified M&A Advisors, Chartered Financial Analysts, Accredited Senior Appraisers

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Proven Results

Clients with asset sizes ranging from $40 million to $1.4 billion

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Locations Across the U.S.

National firm with 50+ offices

Who We Are

Eide Bailly is a CPA firm bringing practical expertise in tax, audit, and advisory to help you perform, protect, and prosper with confidence.

Advisory Services You Can Trust
Our team of accredited professionals is ready to help you prepare for your next transaction with clarity and confidence.
WHAT OUR CLIENTS SAY
The Eide Bailly quality of earnings team was great to work with – the first engagement that we worked on together was very complex from an accounting perspective and we would not have been able to complete the sale of the business without their support.
Bharat Ramprasad
Stifel Nicolas & Company

Frequently Asked Questions

  • What is a Quality of Earnings (QofE) report?

  • How is a QofE different from an audit?

  • Do I need a QofE if I’m selling my business?

  • Do I need a QofE if I’m buying a business?

  • When should I start a QofE engagement?

  • How long does a QofE take?

  • What financial information do you analyze during a QofE?

  • How does a QofE impact valuation?

  • Is a QofE only for large companies?

Wherever you are in your transaction journey – Eide Bailly can help.

Quality of earnings and due diligence are incredibly important next steps if you’re planning on selling or buying a business.

Quality of Earnings Leadership

Kyle Orwick

Kyle OrwickCPA, CMAA

Partner/Transaction Advisory/Minneapolis Market Leader

Matt Labernik

Matt LabernikCPA

Partner/Transaction Advisory

Matt provides transaction advisory services to a variety of clients. He helps clients leverage their strengths and overcome obstacles by using his strong attention to detail to ensure all key risks and opportunities are identified.
Frank Donati

Frank DonatiCPA

Partner/Transaction Advisory

In 2015, Frank transitioned from the audit department to focus solely on transaction advisory services. He uses his experience in both transaction advisory and audit to tackle the challenges organizations face. Helping mid-size clients achieve their goals of buying or selling a business is what Frank believes to be the most rewarding aspect of his job.