Turn financial records into reviewable QoE analysis and workpapers. Shepi surfaces adjustment candidates and risk flags for your team to evaluate.
Map
Organize source accounts
Review
Evaluate adjustment candidates
$1,000
Per project pricing
What Is Quality of Earnings Software?
Quality of Earnings software structures the financial analysis process at the center of an M&A transaction. Instead of manually building every spreadsheet, QoE software ingests financial data, maps accounts to standardized categories, identifies EBITDA adjustment candidates, flags anomalies, and prepares workpapers for human review.
Shepi is purpose-built for this workflow — from data ingestion through accounting integration partners or file upload, to AI-powered analysis, to exportable QoE reports. It's not a general-purpose accounting tool retrofitted for M&A; it's a diligence engine built for transactions.
Who Uses QoE Software?
Independent searchers
Structure a first-pass analysis before commissioning a separate CPA engagement
PE firms & deal teams
Standardize analysis across portfolio screening with a repeatable workflow
M&A advisors
Prepare sell-side QoE packages with documented review decisions
CPAs & QoE firms
Organize source records and review adjustment candidates with professional judgment
Business brokers
Pre-listing financial assessments with an organized starting point for discussion
Lenders
Review structured financial analysis, subject to your own underwriting requirements
Platform Capabilities
Automated account mapping
Chart of accounts mapped to standardized QoE categories for review
EBITDA adjustment engine
AI scans the GL for non-recurring items, personal expenses, owner compensation, and add-back candidates
GL anomaly detection
Round-dollar analysis, duplicate detection, period-end clustering, and threshold flagging across imported transactions
Revenue quality scoring
Customer concentration, recurring vs non-recurring classification, AR aging, and trend analysis
Working capital analysis
Multi-period NWC schedules with turnover ratios, peg calculations, and seasonality adjustments
Proof of cash
GL-to-bank reconciliation that identifies unrecorded liabilities and commingled expenses
How It Works
Connect your data
Upload financials, connect your accounting integration directly, or import trial balance data
AI processes & maps
Automatic account classification, multi-period alignment, and data normalization
Review flagged items
AI surfaces adjustment candidates, anomalies, and risk indicators for your review
Apply your judgment
Accept, modify, or reject findings — you're always in control of the analysis
Export deliverables
Generate PDF and Excel workpapers with EBITDA bridges and working capital schedules; supported conclusions retain evidence references
QoE Software vs Manual Analysis
| Dimension | Manual / Excel | Shepi QoE Software |
|---|---|---|
| Setup | Manual account mapping | Guided mapping and review |
| GL review | Chosen sample or full review | Flags across imported records |
| Anomaly detection | Relies on analyst intuition | Systematic pattern analysis |
| Consistency | Varies by analyst | Standardized framework |
| Workflow | Manual handoffs | Data, findings, and review in one place |
| Cost | $20K+ (CPA firm) | Starting at $1,000 |
| Deliverables | Custom Excel workbooks | Structured reports + Excel export |
What You Get
Adjusted EBITDA bridge
Net income to adjusted EBITDA with categorized adjustments and supporting detail
Revenue analysis
Customer concentration, recurring classification, trend analysis, and AR aging
Working capital schedule
Multi-period NWC with turnover ratios and normalized peg calculation
Flagged transactions
Categorized anomalies with confidence scores and suggested adjustment amounts
Exportable workbook
Full analysis exportable to Excel for sharing with deal parties and lenders