building a pretty simple model for a discretionary name, but 3 statement model is slightly unbalanced. I've double checked all BS items linking to CF, D&A schedule, and signs, yet still can't find anything wrong. BS check is off by ~73 & doubling in yr2. I know I am missing something & I'm hitting my head against the wall trying to figure this out. Any help on what to check or common mistakes would be appreciated.
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I think peak posted a video on this
If you're taking the changes in the BS to build out the CF for the historicals, there may be non-cash items buried within BS accounts. For instance, if there is AR on the BS that drops by $1M, you're CF would show a cash inflow of $1M. However, what may have happened is the company wrote off a portion of that AR because it was deemed as uncollectible from the person/company who owes the cash.
Unfortunately, this type of nuance is hard to find without really digging in. Happy to provide further commentary if you give more detail on the type of company you're modeling.
Isolate where the difference is. Zero Out change in NWC items(Just make it flat), see if it balances. Do the same for debt schedules/waterfalls
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