One of the small nightmares in business valuation: double-booked items.

This has never happened to me with listed companies that have strong audit processes.

But with small companies?
It doesn’t happen often — but when it does, it definitely slows things down.

When we do a business valuation, we need to understand everything:
revenue, costs, investments — basically how all the numbers in the financial statements connect.

So when a double-booked item shows up, we can’t just move on.

We usually have to:

• flag it to the target company or our client
• trace where it came from
• assess how big the impact really is

If it’s significant, it can become a real roadblock for the valuation work.
If it’s minor, we may still proceed — but with more conservative assumptions.

This is pretty normal when working with smaller businesses.
And it’s one of those behind-the-scenes things people don’t always see when they think valuation is just “putting numbers into a model.”

#ORNA #BusinessValuation #DCF