1 00:00:00,000 --> 00:00:04,410 Johny Fernandez: Why is it important for an accountant to have knowledge of this 2 00:00:04,410 --> 00:00:05,340 specific field? 3 00:00:05,670 --> 00:00:09,750 David Roitblat: Most funders, after having a five minute conversation with 4 00:00:09,750 --> 00:00:10,460 David Roitblat: That's a good question because many, many accountants, from 5 00:00:11,090 --> 00:00:13,250 very nice firms that I've spoken to in the past, do not get the difference 6 00:00:13,410 --> 00:00:16,030 understand this space. The real question is, even if they understand this space, 7 00:00:16,250 --> 00:00:18,190 between an advance and a loan. 8 00:00:18,390 --> 00:00:19,460 will they be able to book all that information at in one time? So an aver 9 00:00:19,460 --> 00:00:22,220 Johny Fernandez: He shared with me the importance of choosing the right 10 00:00:22,220 --> 00:00:23,030 accounting firm. 11 00:00:23,460 --> 00:00:27,810 ge company, let's say, the funding 4 -50 deals a month, the average deal, l 12 00:00:27,810 --> 00:00:36,120 t's say is over seven months, you're g nna have compounding 40 deals that e 13 00:00:36,120 --> 00:00:41,400 ery month and every deal if we're goin to book everything, every day for 14 00:00:41,400 --> 00:00:47,100 the payback, you're going to have a bunc of debits and credits that you hav 15 00:00:47,100 --> 00:00:48,300 to manuall