If you are the acquiring company, this will give you something to use when you sit down with your counterpart about the receivables you are bringing in-house.
Keep in mind, this is also a great checklist to use in your due diligence BEFORE purchasing a company and its receivables. You probably won't use all of these items prior to purchasing a company and its AR, but it will give you a good sense for what you SHOULD be asking in advance. The last thing you want is to find "skeletons in the closet" after you've already agreed on a price.
This could also be potentially useful in gaining leverage in negotations with the company (and A/R) you are negotiating to buy.
Finally, a third consideration for this checklist is to that is a very good way to make sure your own receivables are in ship-shape order. If YOUR company were to be purchased, would you be able to know that your own receivables were in perfect shape to turn over to someone else? Use this to find out.
It is important to note that, as with all such templates and checklists, this may need to be adapted to your business. While there are many commonalities of all receivables, each business has its own unique characteristics. This will undoubtedly give you a thorough start, but be open to modifications for your situation.
