Commercial lending
Borrower financials for underwriting and reviews, without a seat in the borrower's books.
Your credit file needs financials that came from the books, not a spreadsheet someone tidied up. FinShare pulls them from QuickBooks Online after the borrower approves, and the bank never holds a QuickBooks login.
How it goes today
Getting the numbers shouldn't mean getting into their books.
Exports arrive wrong
Cash basis when you asked for accrual, a balance sheet from a different date than the P&L, columns deleted to fit a page. Each round of corrections costs a week.
Logins are worse
Being added as a QuickBooks user puts the bank in the borrower's payroll, owner draws and every vendor. Your compliance team doesn't want that access, and the borrower doesn't want to give it.
Nobody removes it
Access granted for one deal tends to outlive it. Months later, a former loan officer can still sign in to a customer's books.
| Exports by email | A QuickBooks login | A FinShare request | |
|---|---|---|---|
| What you can see | Whatever they decide to send | Their whole accounting system: payroll, owner draws, every customer and vendor | Only the reports on the list they approved |
| What you can change | Nothing, though anyone can edit the file before it reaches you | Whatever the user role allows, often more than reports | Nothing. FinShare only reads reports |
| Can you trust the file? | Basis, dates and columns vary; cells can be typed over | Yes, if you export it yourself, correctly, every time | Checked against QuickBooks' totals before you see it |
| When it ends | Never starts, so it never ends | When someone remembers to remove you | On the date the owner approved, automatically |
| What you're holding | Spreadsheets of uncertain origin | Credentials to someone else's books | Files, with a record of who approved them |
- What you can see
Exports by emailWhatever they decide to send
A QuickBooks loginTheir whole accounting system: payroll, owner draws, every customer and vendor
A FinShare requestOnly the reports on the list they approved
- What you can change
Exports by emailNothing, though anyone can edit the file before it reaches you
A QuickBooks loginWhatever the user role allows, often more than reports
A FinShare requestNothing. FinShare only reads reports
- Can you trust the file?
Exports by emailBasis, dates and columns vary; cells can be typed over
A QuickBooks loginYes, if you export it yourself, correctly, every time
A FinShare requestChecked against QuickBooks' totals before you see it
- When it ends
Exports by emailNever starts, so it never ends
A QuickBooks loginWhen someone remembers to remove you
A FinShare requestOn the date the owner approved, automatically
- What you're holding
Exports by emailSpreadsheets of uncertain origin
A QuickBooks loginCredentials to someone else's books
A FinShare requestFiles, with a record of who approved them
With FinShare
The reports without the login.
The borrower approves a list
They see each report, period and basis you asked for, and who is asking, before anything is read.
You get files, not a login
Excel, CSV or JSON, each checked against QuickBooks' own totals. The bank never signs in to QuickBooks.
Access ends by itself
Ask for 30 days or a year. The borrower can shorten it, and when it ends FinShare revokes its own QuickBooks connection.
Updates without chasing
When the next quarter closes, roll the request forward. The borrower approves each update, or agrees up front to standing access until the end date.
Start from
The packages most teams like yours use.
Built into the new-request screen. Change any report or period before you send.
Lender package
Annual and year-to-date financials.
- Profit and Loss, last 2 fiscal years, by year
- Profit and Loss, fiscal year to date, by month
- Balance Sheet, as of period end
- Cash Flow, fiscal year to date, by month
- A/R Aging Summary
Monthly financials
The month just closed. Pairs with roll forward.
- Profit and Loss, latest month
- Balance Sheet, as of month end
- Trial Balance, latest month
Questions
Common questions.
- Does the bank get access to the borrower's QuickBooks?
- No. FinShare connects to QuickBooks after the borrower approves and pulls only the reports on the request. The bank receives the files; nobody at the bank gets a QuickBooks login.
- Can we get updated financials later?
- Yes. Roll the request forward to a new period end, or refresh it. The borrower approves each update, unless you asked for standing access and they agreed to it. Standing access lasts until the end date they approved.
- Which reports can we request?
- Profit and loss, balance sheet, cash flow, trial balance, general ledger, A/R and A/P aging (summary or detail) and sales by customer, on an accrual or cash basis where the report supports it.
Reading
Related articles.
Lending · 6 min
AR and AP aging reports: What buyers and lenders look for
How buyers and lenders read A/R and A/P aging reports: summary vs detail, the as-of date, tying to the balance sheet, concentration and borrowing base.
Diligence · 6 min
Accrual vs cash basis in QuickBooks: Why it matters when you ask
How QuickBooks Online switches between accrual and cash basis, what moves between them, which reports take a basis, and how to state it in a request.
Reporting · 6 min
TTM explained: Trailing twelve months and how to roll it forward
What trailing twelve months means, a worked example ending September 30, how TTM differs from LTM, YTD and fiscal year, and how to roll it forward.
Send your first request today.
Sending a request is free; you pay only when the owner says yes. Nothing to install, and the owner needs only QuickBooks Online.