What was the net accounts receivable for Expense Reduction Analysts in 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
of Noncontrolling Interest | | 4 | - | 2,468 | (2,468) | 1 4 | | Net Income | | - | | 1,142,947 | 8,779 | 1,151,726 | | BALANCE - DECEMBER 31, 2023 | 18,777,777 | $ 18,778 | $ 4,209,422 | $ 1,237,283 | $ 32,360 | $ 5,497,843 |
| 2023 | () | restated) 2022 | ||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | 277.7 | |||
| Net Income | $ | 1,151,726 | $ | 156,786 |
| Adjustments to Reconcile Net Income to Net Cash | ||||
| Provided (Used) by Operating Activities: | ||||
| Depreciation and |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the company's accounts receivable decreased by $257,417 in 2023. This figure is part of the cash flow statement, detailing changes in operating assets and liabilities.
This decrease in accounts receivable suggests that Expense Reduction Analysts collected payments more efficiently from its clients or franchisees during 2023 compared to the previous year. For a prospective franchisee, this indicates the importance of understanding the payment cycles and collection processes within the Expense Reduction Analysts system. Effective management of accounts receivable is crucial for maintaining healthy cash flow and financial stability.
It's important to note that this figure reflects the change in accounts receivable, not the total outstanding balance. A prospective franchisee should investigate the typical payment terms offered to clients and the average collection period to fully understand the working capital requirements of operating an Expense Reduction Analysts franchise.