Short Notes on Pricing misconceptions

Pricing is an accounting practice of a once in a lifetime experience for most practice owner. Because it is such a common event, sellers/buyers need to be aware of the key misconceptions about the process. 

These are as: 

1. The seller/buyer needs to stay around for months or years to assist the product in the transaction.

2.The best offer of an accounting practice is another accounting firm.

3.The average pricing for practices determines the value of a specific practice.