Business CPA Lubbock AlternativeA note the lender can read

A lender reads a month, not a mood

A renewal asks whether the books are current and whether the note balance matches the statement. A stack of gin tickets is not an answer. The last closed month is the answer, with the balance sheet that belongs to that month.

We put the open months in an order. Loose deposits first. Then the bills. Then the draws. Then the note itself, so the balance the lender has and the balance the books have are the same number or the difference is named.

We do not write the lender's credit decision. We write a month the lender can read without calling you to translate it.

What usually blocks the packet

A gin cheque in the bank with no ticket attached. A draw that was booked as income. Equipment on the note that is not on the asset list. Those three are the usual blocks, and none of them is fixed by a nicer cover page.

If harvest is the deadline, say so. We will tell you whether the open months can be closed in time or whether the honest packet is a list of what is still open. A lender can prefer the list to a fiction. Many do.

Payday, if the crew is about to start, is a setup on your provider and not a line we invent on the statement. Wages that were not paid are not wages.

After the renewal

The same close date keeps going. A note that was readable in March is unreadable by August if the months stop. The monthly rhythm is how the next renewal is boring, which is what you want a renewal to be.

We do that rhythm by video. You keep the books in front of you. We keep the match. The day is the same day every month.

Keep going on the gin month.