INDUSTRIES / STAFFING
A staffing company's only real collateral is its receivables, and those receivables are only as good as the hours behind them. Our exams trace invoices back to approved timecards, confirm payroll taxes are being paid, and measure how much of the borrowing base depends on a handful of clients.
RISKS WE TEST FOR
- Invoices not supported by client-approved timecards
- Unbilled receivables for hours worked but not yet invoiced
- Unpaid payroll taxes creating priority liens ahead of the lender
- Workers' compensation exposure and underfunded reserves
- Heavy reliance on a few large clients
- Slow payment from government or healthcare end clients
WHAT THE EXAM COVERS
- Invoice-to-timecard verification on a sample of billings
- Unbilled AR review and cut-off testing
- Payroll tax deposit confirmation (941, state and local)
- Payroll process walkthrough and payroll-to-billing reconciliation
- Client concentration and payment trend analysis
- Workers' compensation and insurance coverage review
COMMON INELIGIBLES
- Unbilled receivables
- Invoices without approved timecards
- Government accounts without assignment of claims
- Excess client concentrations
- Past-due accounts (typically over 60 or 90 days)
- Affiliate billings
Full ineligibles directory →