Lending
against accounts receivable — This is what an underwriter looks at.
In short, it allows you to take a loan
against your accounts receivable — trading tomorrow's money for money today.
The Company records reserves
against its accounts receivable balance using an allowance for doubtful accounts.
The first external capital, a $ 125,000 loan
against accounts receivable, came in 1983.
Not exact matches
Perhaps most important, he's added a clause to his business plan — a hedge
against lost business, not unlike planning for a certain level of bad
accounts receivable.
Review the
accounts receivable list weekly
against your goal.
Access export financing with advantageous rates
against foreign
accounts receivable and export - related inventory
If there is still a debt balance, the firm is borrowing
against future collection of
accounts receivable to pay for distributions already passed out to partners — and possibly to pay creditors.
Efficient and effective management involves overseeing such matters as the day - to - day activities of the
accounting staff; advising on the firm's capital requirements, and annual budget and fee policies; assessing the results
against the budget; developing fee policies for various practice areas; determining controls over billing performance including profitability; unbilled time and costs,
receivables, delinquencies and write - offs.
Other coverage that you can buy through riders include:
accounts receivable coverage from $ 25,000 up to $ 250,000; coverage for loss of stock; protection
against counterfeit money orders or currency; employee - dishonesty protection; sewer and drain back - up coverage; and valuable papers coverage.
For many businesses, the acquisition of
accounts receivable insurance can provide much needed protection
against an unexpected credit loss and enhance the company's borrowing power and credit worthiness.