A Medro Advisors Company
Don McClain, Founder & Principal of Medro Advisors, explains why reporting capability belongs in working-capital preparation. Identify the provider’s actual requirements, connect receivables, payables and inventory reports to the underlying records, and assign preparation, review and backup responsibilities. A correction routine should preserve prior versions and explain changes rather than silently replacing reports. Testing the process against a completed period can reveal missing records and unresolved differences before the business relies on a facility. The article references the OCC’s Asset-Based Lending handbook while distinguishing general guidance from the requirements of a specific financing arrangement.
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