What was the net accounts receivable for Expense Reduction Analysts in 2024?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
g of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
CliftonLarsonAllen LLP
Clifton Larson Allen LLP
Milwaukee, Wisconsin
April 9, 2025
| | | 2024 | | 2023 | |----------------------------------------
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the net accounts receivable for 2024 was $371,963. The FDD also provides the net accounts receivable for 2023, which was $444,102.
Accounts receivable represents the money owed to Expense Reduction Analysts by its clients for services already provided. The 'net' figure means that the company has already accounted for potential uncollectible amounts (bad debts). A decrease in accounts receivable from 2023 to 2024 could indicate that Expense Reduction Analysts is collecting payments more efficiently, or it could reflect changes in sales volume or payment terms offered to clients.
For a prospective franchisee, understanding the accounts receivable trends of Expense Reduction Analysts is important. It provides insight into the company's revenue cycle and how effectively it manages its client payments. While a decrease isn't necessarily negative, a franchisee should inquire about the reasons behind the change to ensure it aligns with healthy business operations and growth.