Lender covenant reporting

No two agreements define EBITDA the same way

Ask two lenders what leverage means and you get two different answers, because the covenant language itself, not any accounting standard, sets the add backs and exclusions that apply. We work from your actual agreement's defined terms line by line rather than a template formula, since a covenant test calculated to the wrong definition causes more damage than one delivered a day late.

Turning the agreement into a certificate

A monthly or quarterly compliance certificate is standard across most facilities, with a borrowing base certificate layered on where the lending is asset based. Each one is built in the exact format the lender's documents specify, calculated straight from your closed books, and delivered to the cadence the agreement sets rather than whenever it happens to be convenient.

Where superannuation and GST come into the calculation

When a covenant definition points to company tax, superannuation cost or GST turnover, we tie that calculation back to the same figures already reconciled inside your Xero, MYOB or QuickBooks Online file, rather than running a parallel set of numbers that could quietly drift from the books themselves.

Catching the trend before the test date arrives

The real value of tracking a covenant continuously, rather than only at the test date, is spotting margin compression or a slowing collection cycle early enough to raise it with the lender before it becomes a breach discussion. Between formal reporting periods we stay the point of contact for lender questions, keeping every answer consistent with what has already been reported, and can join a lender call directly if that helps, though the lending relationship itself always stays between you and your bank. This runs alongside 13-week cash flow forecasting, which most lenders expect to see on a revolving facility regardless. Every calculation is built by our team, with senior principal review before anything reaches your lender.