By Don McClain, Founder & Principal of Medro Advisors. Receivables can cross a business acquisition’s closing date. Clarify who is entitled to each receipt and who handles customer follow-up, disputes, payment instructions and reconciliation. Identify unfinished billing and define transition support. The buyer’s cash plan should separate receipts the business can retain from amounts handled for another party. Governing agreements and circumstances determine rights and obligations. Discuss the handover with Alianza Partners. Explore the forthcoming FUNDED. General education; professional transaction review is essential.
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