Why should a lender require accounts payable reporting? Lenders typically ask for monthly financial statements, and for ABL structures on a monthly borrowing base certificate ("BBC") with related reporting. Generally, accounts payable is either a single line item on a balance sheet, or a reporting item on a BBC. Because the accounts payable is a liability account most lending structures do not focus on reporting, analyzing, and monitoring accounts payable. Read more...https://lnkd.in/gxRdcv_C #borrowingbasecertificate #financialstatements #turnaround #workout
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We are focusing attention on cash flow, working capital management and interest rate impacts on leverage as we move through 2024. There is a lot for companies to think about - this interest rate environment creates unchartered territory for many company managers and their bankers.
Why should a lender require accounts payable reporting? Lenders typically ask for monthly financial statements, and for ABL structures on a monthly borrowing base certificate ("BBC") with related reporting. Generally, accounts payable is either a single line item on a balance sheet, or a reporting item on a BBC. Because the accounts payable is a liability account most lending structures do not focus on reporting, analyzing, and monitoring accounts payable. Read more...https://lnkd.in/gxRdcv_C #borrowingbasecertificate #financialstatements #turnaround #workout
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Did you know!? 82% of small business that fail, do so because of cash flow problems 🤯 Don't accept cash flow stress, reach out to us today and receive the support your business needs https://lnkd.in/gMEKpe9b #businessfinance #businessfinancing #businesscashflow #cashflowhelp #businesshelp #finance #invoicefinance #invoicefinancing
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Securing funding can be the one thing in between you and achieving your business goals We are here to make that process simple and easier We offer flexible finance up to £250k Get in touch today if you’re ready to take that next step in growing your business #wetakeadifferentview #businessloans #finance
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Healthy financials are essential for the success and sustainability of a business. Strong financials provide a clear picture of the company's profitability, cash flow, and overall financial performance; this helps make informed business decisions. Healthy financials enhance the business's credibility with investors, lenders, and other stakeholders, leading to improved access to capital and better terms for financing. It becomes costly for a company to have a bookkeeper or CPA do catch-up or clean-up work. Contact Bizee Bookkeeper LLC today for help with your books and financial clarity!
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Healthy financials are essential for the success and sustainability of a business. Strong financials provide a clear picture of the company's profitability, cash flow, and overall financial performance; this helps make informed business decisions. Healthy financials enhance the business's credibility with investors, lenders, and other stakeholders, leading to improved access to capital and better terms for financing. It becomes costly for a company to have a bookkeeper or CPA do catch-up or clean-up work. Contact Bizee Bookkeeper LLC today for help with your books and financial clarity!
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Want the best terms possible for your business? Check out some tips on how to get favorable terms in our latest article. https://lnkd.in/ek3Gq6mS #finance #business #tips #businesscapital
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"Finance inside of companies" - Finance involves deciding what to buy, determining where to get the money, and managing those assets once acquired. - Includes long-term decisions like purchasing land or buildings, and short-term decisions such as managing cash flow, inventory, and credit. - Companies can obtain money through borrowing, investments from shareholders, or internally generated profits. - Once assets are acquired, they need to be managed and protected through proper controls and procedures. What types of assets can you acquire to scale your business?
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What's the first thing you're using our capital for? Have you considered other funding options, such as a loan? How much runway do you have? Entrepreneurs don't want to spend their time answering these questions. All their time should go to sales, product development, fulfillment, and customer service. Capital is a means to an end. A strong finance function means you can keep improving the company. The CFO is out there making deals happen for you while also administrating the back end. Most fCFO offers turn into overpriced accounting services. Make sure your CFO is free to act with your long-term vision in mind. They're A-List players who are crucial to your success!
