Financial Reporting
Solvency Letter
Introduction Lenders will often seek the comfort they require as part of their due diligence in the first instance by considering a borrower’s annual (and management) accounts as well as any other relevant financial information. The lender may seek stand-alone confirmation from the borrower as to its solvency, particularly before a loan agreement is formally…
Income Confirmation Letter
What Is An Income Confirmation Letter? An income confirmation letter is written by an accountant confirming earnings/income of: The purpose of the letter is to provide an independent confirmation of the above-mentioned earnings. Normally the accountant will identify and add up all the drawings made by the owner(s)/member(s) from the company for the private use.…