LOI signed, QoE underway
A buyer's diligence team needs three years of accrual-basis financials, an EBITDA bridge, and add-back support. Your client has cash-basis QuickBooks and a shoebox.
Your client signs an LOI. A lender asks for covenant reporting. A buyer's quality-of-earnings team opens the general ledger. Cash-basis books that were fine for four years stop being fine in a single afternoon — and the deadline is somebody else's.
RecastWorks is a white-label bench for CPA firms, fractional CFO practices, and transaction advisory boutiques. We work behind your brand, we do not take work directly from dental groups, and your client never learns we exist unless you introduce us.
There is always a deadline attached. These six situations account for nearly every engagement we take.
A buyer's diligence team needs three years of accrual-basis financials, an EBITDA bridge, and add-back support. Your client has cash-basis QuickBooks and a shoebox.
Covenant packages call for GAAP-basis statements and a fixed-charge coverage calculation that cash-basis books cannot produce.
A new investor, franchisor, or state board triggers an assurance requirement. The opening balance sheet has to survive a testing sample.
A sponsor's calendar assumes monthly accrual close, consolidated across entities, delivered on day fifteen. The group has never closed a month in its life.
Six practices, six charts of accounts, four QuickBooks files, and one management company that needs to consolidate and eliminate cleanly.
The rebuild already happened and it did not hold. We are frequently the second team in. We are comfortable saying so.
Cash-basis books are not wrong. They are answering a different question. Our job is to re-answer four years of questions in the timeframe the deal allows — and to leave behind a working paper trail a diligence team can actually follow.
Every engagement is scoped to the deadline that triggered it. Below is the full menu; a typical diligence rebuild uses roughly half of it.
Our work reaches the end client through your letterhead. That is the point. We are built to be a capacity bench, not a competing relationship.
RecastWorks does not accept engagements directly from dental groups or DSOs. Not during your engagement, not after it, not through a side door. Partner firms are our only channel, and that is a term in the agreement rather than a promise on a website.
Your templates, your file naming, your workpaper index, your review sign-off blocks. Send us a sample binder and the output will match it.
Some partners put us on diligence calls under their brand. Others prefer we never appear. Both work — decide at kickoff and we hold that line.
You need a number before you can quote your client. We give you a fixed fee against a written scope, and we flag scope changes before we do the work, not after.
Worth stating plainly, because you will ask anyway and the answer is a good one.
RecastWorks delivers from India. The team are Chartered Accountants — the Indian CA qualification, which is an audit-track credential, not a bookkeeping certificate. Every engagement has one named reviewer who signs off before anything leaves the building and who stays reachable through your diligence window.
This is a model many firms already run for accrual and diligence support. The difference we will argue for is that you are dealing with the reviewer directly rather than an account manager relaying questions to a production floor.
Work runs while your office is closed. Send an issue list at 6pm Eastern; a resolved version is waiting before your morning. On a two-week diligence deadline that is real.
We hold a fixed daily window overlapping US business hours for calls and live Q&A. Deadline weeks get more. You are not waiting a day for an answer.
Engagements run under mutual NDA. Access is read-only where possible and provisioned per engagement, and we work inside your environment where you prefer that.
The first two steps are free and fast, because you usually need a number before you can say yes to anything.
What triggered this, who is waiting on it, the drop-dead date, and what condition the ledger is actually in. We will tell you on this call if we are the wrong fit.
Read-only access to the accounting file and practice management reports. We come back with a findings memo, a fixed fee, and a delivery date you can quote to your client.
Conversion, reconstruction, and reconciliation against a shared issue log. You see open items and blockers continuously — no silence until delivery.
Restated financials, adjusting entry schedule, indexed workpapers, and a memo explaining every judgment call. Built to hand to a diligence team without translation.
We stay available through the diligence or audit window to answer follow-ups on our own work. Included in the fee, not billed as an extension.
A rebuild exists to survive one deadline. But the reason the books broke — no monthly close, no reconciliation discipline, no accrual cut-off — is still there the day after the deal closes. Left alone, they drift back, and the next rebuild is eighteen months away.
So the engagement is built to hand off into an ongoing close, not to end. Once the accrual basis is established and the workpapers exist, keeping it right every month is a fraction of the effort it took to reconstruct — and it means the financials are always deal-ready, audit-ready, and lender-ready, instead of being rebuilt under pressure every time someone asks.
It is optional, and it is your call to offer. When a partner wants it, we run the monthly close under the same white-label terms as the rebuild.
A general outsourced accounting shop can convert a ledger. What it usually cannot do is know, without being told, which line items a dental buyer will challenge.
Production, adjustments, and collections in Dentrix, Eaglesoft, Open Dental, or Denticon are the source of truth we reconcile revenue against.
Owner comp normalization, associate coverage, personal expenses, one-time build-outs — and the evidence a QoE team will demand for each.
Credit balances, unapplied insurance payments, and ortho contract deferrals are where second-team engagements almost always originate.
RecastWorks was founded by Tarun Kumar, a Chartered Accountant, and is delivered by the team at TK & Co. Chartered Accountants. The practice already exists and already does this work — RecastWorks is the name we put on the dental and DSO side of it, not a new entity assembled for a website.
Engagements are staffed by qualified accountants and reviewed by a named signer, not passed through an anonymous production queue. You will know who did your work and who checked it.
No. Partner firms are our only channel. We do not market to your client, accept direct engagements from them, or approach them after the work ends. If a dental group contacts us directly and they are already yours, we tell them to call you.
India, by Chartered Accountants, with a named reviewer on every engagement. We state this openly rather than burying it, because you would find out on the first call and a firm selling defensibility cannot afford to be cagey about its own facts.
It depends on source quality, not entity count. A single practice with clean bank feeds and intact PMS reports moves quickly. Six entities with commingled personal spending and missing statements does not. We give you a real date after triage — before you have committed to anything — rather than a marketing number now.
Read-only accounting file access, bank and merchant statements for the period, practice management production and adjustment reports, payroll registers, the lease file, and any acquisition documents. If something is missing we will tell you what we can reconstruct and what we cannot.
Only if you ask us to, and only under your brand. The default is that your client never learns we exist.
Yes, and we expect to. Every material adjustment carries a documented basis. We stay available through the diligence window to answer questions on our own entries — included, not an add-on.
Some of it is genuinely arguable — cut-off timing, add-back eligibility, allowance methodology. We document the alternative treatment alongside our position so you can concede a point deliberately instead of discovering it mid-call.
Fixed fee against a written scope, quoted after triage. No hourly meter, no surprise overage. Scope changes are flagged and priced before we act on them.
The useful first message is short: what triggered the rebuild, how many entities, what the accounting system is, and the date somebody is waiting on. We come back the same business day with whether we are a fit and what triage would involve.