Glossary
An adjustment of the payment to reflect lower sales.
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An adjustment of the payment to reflect lower sales.
Some advances allow you to request a recalculation so the payment matches a share of actual sales rather than a fixed amount.
It is a safety valve in a slow period.
If sales fall 30%, a reconciliation can bring the payment down by a similar share.
Not every agreement includes it. Ask whether and how it works before signing.
Where a reconciliation clause exists, a funder reads the request against recent statements: sales really did fall, and the payment is out of line with the percentage originally agreed. Having statements and a short explanation ready makes the adjustment fast.
Reconciliation is not a right in every agreement. It is a term, so you need it written before you sign.
Keep the last three months of statements, the agreement showing the percentage and the remittances that were taken. A one-page table of expected versus actual remittances, with the dates, is usually enough to start the conversation, and it shows the funder you have read the agreement.
No. Ask in advance.
See the related guides and the comparison pages, or apply and ask.
No. It is educational information, and agreements vary.
Educational information only. It is not legal, tax or accounting advice.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
