[Tutorial Video] Accuracy Check Questionnaire
Accuracy Check Questionnaire
Once your clients accounting data has been connected to the interVal platform, it will produce a valuation estimate. This estimate is based solely on the financial data, and is designed to be a quick snapshot of the business.
This article will walk you through the steps to complete the Accuracy Check Questionnaire, a platform feature that will capture additional data points required to normalize a valuation. Normalizing involves adjusting for certain items such as shareholder compensation, non-recurring expenses and revenue, and eliminating any anomalies that may have appeared in recent years, to provide a more accurate analysis of the business.
1. Click on the Business Clients tab.
2. Select the business you would like to view.
3. Click the Accuracy tab, and then click the Basic Accuracy Check button.
4. Complete all the fields in the questionnaire.
5. Once you have answered all of the questions, click the Submit Answers button.
6. The platform will automatically calculate a new valuation range, using the original analysis as a baseline, applying any normalizations indicated in the Accuracy Check questionnaire.
7. To review the Accuracy Check answers, go to the Accuracy tab and click the Review Answers button. Here you will see a summary of the answers indicated in the questionnaire.
8. To update or change a response, click the Edit Answers button.
Once submitted, the valuation will re-run applying the most recent set of Accuracy Check answers to the calculation.