CPA recommendation/cost to convert cash financials to accruals for SBA deal

June 19, 2025
by a lender from University of Southern California in Los Angeles, CA, USA
Hi SF community,
Our client is under LOI for a seasonal construction & service business. We have a SBA lender that has offered a very attractive term sheet but underwriting needs us to convert three years of cash-basis books###-###-#### to accrual for SBA underwriting. The seller does not use Quickbooks and maintains paper records. Tax returns are done on cash basis.
Scope is straightforward:
• Accural 2022, 2023, 2024, 2025 YTD P&L/BS
• CPA letter confirming financials are accurate based on records provided by seller
• Quick turnaround (within 1–2 weeks)
Looking for referrals to a CPA or experienced bookkeeper who has done this before (SBA or QoE experience a plus). Please DM with:
1. Brief background / credentials
2. Estimated fee and timeline
Has anyone done something similar. The seller will reimburse us for this expense but we are trying to get this done fast and affordably. A full QOE has already been done and we just need the CPA can convert the financials for us. Recommendations or cost estimates would be greatly appreciated.
from Brigham Young University in Salt Lake City, UT, USA
from Northwestern University in Chicago, IL, USA