Can the returns and the management accounts both be true?
Type the figures off the two document sets. The first two tests of a Triage Verdict run here, with the same bands the Verdict prints, in the time it takes to read them.
Tax to book variance
The same business, described twice. Revenue and net result off the management accounts, then off the lodged tax return, for each year. Leave a tax return blank if it was not provided.
| Year | Revenue, accounts | Revenue, return | Net result, accounts | Net result, return |
|---|---|---|---|---|
Losses as a minus sign. Method: net variance under 5.0 percent of revenue is acceptable, 5.0 to 10.0 is medium, above 10.0 is high. A sign reversal in the same year is critical whatever its size. A missing return for a claimed year is critical.
Cash cycle
Who pays this business, how long they take, and whether the reported revenue and receivables can both be true at the same time. Most recent year.
Government program payers and trade debtors ordinarily settle in 30 to 60 days; consumers at or near point of sale. Expected receivables are slow-cycle billings times settlement days over 365. Implied debtor days are reported receivables over billings times 365.
The two arithmetic tests inside a Triage Verdict, on figures you typed, with the bands the Verdict prints on its own pages. It is arithmetic. It is not an audit, not a valuation, not advice, and it says nothing about whether the numbers are good, only whether they can all be true at once.
It is not sealed and not signed, because nobody has read the documents. If the read here is anything other than possible, that is the moment to stop typing and send the documents.
The same two tests on the documents themselves, and the judgement findings a person makes reading them: sector margins, who prepared the accounts, related parties. Every finding carries the page it came off. Every source document is fingerprinted on receipt, so the evidence chain is tamper evident. A person signs it within 48 hours of a complete set. A fixed fee on the rate card, the same whichever way it lands. Sealed, so the other side can verify it without calling anyone.
We don’t promise results. We prove whatever happens.