I am a business litigation attorney and I have a client who sells auto warranties. He gets paid an “advanced” commission when the sale closes. But the finance company holds back a portion of the commission as a “reserve” in the event that the customer cancels the contract early and the commission is not fully “earned.” The finance company has submitted a “Reserve Report” claiming he owes them money. I need to find someone who can help me understand this report, how the reserves were calculated and find any holes in it.
Attached are a pdf of the reserve report (I will upload an excel version later) and redacted excerpts of the Seller Agreement that explains (very poorly) the agreement. I have added an excel report detailing the cancellations which is apparently how they are calculating the alleged "refund."
15 freelancers are bidding on average $12/hour for this job
I have experience of 4 years in Financial Analysis, Buisness Planing, Taxation Matters etc. I have done Projects having turnover to the ranges 20-22 Crore.