What does the source of funds file look like when a Minden Hills veterinary practice is sold?

It has to run from the beginning of the practices to the investment account without a gap. Expect years of financial statements and tax filings, the share or asset purchase agreement, the closing statement, evidence of what was actually received against what is still owed under the note, and bank records for every account the proceeds touched.

Build it backwards from the investment account

Start at the destination and work towards the origin, because that is how a reviewer will read it. The last document is the transfer into the escrow or enterprise account. Before it sit the accounts the money moved through, each with statements covering the relevant period and each transfer explained.

Before those sits the closing of the sale, with the settlement statement showing the cash actually paid, any holdback, and any amount deferred under the promissory note. Behind that sits the practices themselves, evidenced by financial statements, tax filings and, ideally, a valuation supporting the allocation to goodwill. Two common gaps cause trouble.

Money that passed briefly through a personal account used for household spending is hard to trace and should be kept out of the path. And an amount described as received but in fact still owed will be identified quickly, so present the note as a receivable and invest only what has landed.