What was the net accounts receivable amount 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 Amortization | 16,176 | 8,120 | ||
| Noncash Operating Lease Expense | (83) |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the effects of changes in accounts receivable related to operating activities in 2023 was a reduction of $257,417. This means that Expense Reduction Analysts collected less cash from its accounts receivable than it had recorded as revenue during that period.
For a prospective franchisee, this indicates how efficiently Expense Reduction Analysts manages its collections. A significant decrease in accounts receivable could suggest that Expense Reduction Analysts is tightening its credit policies or improving its collection efforts. Conversely, a large increase might indicate difficulties in collecting payments from clients.
It is important to note that this figure reflects changes in accounts receivable, not the total outstanding balance. Franchisees should consider this within the broader context of Expense Reduction Analysts' financial performance and ask the franchisor about their accounts receivable management practices.