Shepi field guide

    QoE for Accountants, CPAs & QoE Firms

    By Shepi Editorial TeamUpdated February 2026

    Bring financial records, adjustment candidates, and review decisions into one repeatable QoE workflow.

    Map

    Organize accounts and periods

    Review

    Evaluate adjustment candidates

    Export

    Prepare PDF and Excel workpapers

    Quality of Earnings analysis depends on sound source records and professional judgment. For accounting firms, CPA practices, and QoE providers, Shepi offers a structured place to organize the data and review the proposed conclusions.

    The Growing Opportunity

    Private equity firms, independent searchers, and lenders increasingly require QoE reports before closing acquisitions. The records may arrive in different formats, and the review still requires judgment about what the evidence supports.

    A repeatable workflow helps teams keep account mapping, proposed adjustments, and supporting workpapers together across engagements.

    Scaling Without Proportional Headcount

    The traditional bottleneck is staffing. Teams often spend substantial time organizing source files, mapping accounts, and preparing schedules before they can evaluate the findings.

    AI-assisted analysis changes the starting point. By organizing data ingestion, normalization, and initial adjustment candidates, Shepi gives teams a structured starting point for review. The analyst's time shifts from spreadsheet construction to judgment-intensive work: evaluating adjustment reasonableness, assessing business quality, and advising clients.

    Firm Workflow with Shepi

    01

    Data ingestion

    Connect directly to your accounting integration or upload financial statements. Shepi normalizes the data and maps accounts automatically.

    02

    Automated analysis

    The platform identifies potential EBITDA adjustments, flags unusual transactions, and builds multi-period trending.

    03

    Analyst review

    Your team reviews AI-identified adjustments, applies professional judgment, and adds deal-specific context.

    04

    Report generation

    Export PDF and Excel workpapers with supporting schedules, adjustment summaries, and working capital analysis; recipient requirements vary.

    05

    Client delivery

    Present findings with confidence, backed by comprehensive analysis and clean documentation.

    Client-Ready Deliverables

    The output matters as much as the analysis. Shepi produces structured, source-linked deliverables:

    Adjusted EBITDA bridge

    Clear walk from reported to adjusted earnings with categorized adjustments

    Working capital analysis

    Normalized working capital with peg calculations

    Revenue quality assessment

    Customer concentration, recurring vs. non-recurring revenue analysis

    Supporting schedules

    Detailed backup and stable references for supported adjustments

    Management discussion points

    Key questions and areas requiring further investigation

    Winning More Engagements

    A PE firm or searcher under LOI needs to understand which findings are supported, which require follow-up, and what remains unresolved. A reviewable record helps your team explain those decisions.

    Shepi exports in its own workbook and PDF formats. Firm-specific templates and review processes should be evaluated with your team rather than assumed to be built in.

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