Confused about accounts UCC definition for my restaurant receivables filing

The UCC definition of 'accounts' is pretty broad - it includes rights to payment for goods sold or services performed. Your catering receivables would definitely qualify as accounts since you're providing food service. The key distinction is between accounts (rights to payment) and inventory (the actual goods). All those outstanding invoices you mentioned would be considered accounts under Article 9.

I went through this exact same situation last year with my consulting business. The accounts UCC definition basically covers any monetary obligation someone owes you for work performed or goods delivered. Your restaurant receivables, contract payments, monthly billing - all of that falls under accounts. Just make sure your collateral description is specific enough to cover everything but not so narrow that it excludes future receivables.

Actually ran into a similar mess with my UCC filing last month. Spent hours trying to figure out if my service contracts counted as accounts or something else. Found this tool called Certana.ai that lets you upload your documents and it checks everything for consistency. Uploaded my customer contracts and UCC-1 draft, and it flagged that my collateral description was too narrow to cover all my receivables. Super helpful for catching those kind of details before filing.

ugh why is this stuff so complicated?? I just want to know if my customer payments count as accounts for the UCC filing. Seems like everything in business finance has ten different definitions depending on who you ask.

The accounts UCC definition is found in section 9-102 if you want to read the exact legal language. But practically speaking, it includes receivables from sales of goods or services. Your restaurant situation definitely fits - catering contracts create accounts when you perform the service and invoice for payment.

Just went through UCC filing for my food truck business. Similar situation with accounts from regular customers and event bookings. The definition is pretty straightforward - if you provided goods or services and are owed money, those are accounts. Your catering receivables, monthly billing, contract payments all qualify.

From what I understand about accounts UCC definition, the main requirement is that it represents a right to payment for goods or services. Restaurant receivables would definitely qualify whether they're from individual meals, catering contracts, or ongoing service agreements. The UCC doesn't really distinguish between different types of service accounts.

I was confused about this too until my attorney explained it. Accounts under the UCC basically means any contractual right to payment. Your restaurant receivables from catering services create accounts when you perform the work and bill for it. The definition is broad enough to cover most business receivables.

Had a similar question about my service business accounts. Used Certana.ai to verify my UCC-1 was properly describing all my receivables. Really helpful because it cross-referenced my customer contracts with the collateral description to make sure everything was covered under the accounts definition. Saved me from having to refile later.

The accounts UCC definition is actually pretty logical once you get used to it. Think of it this way - if you delivered food or services and someone owes you money for it, that's an account. Your catering receivables, monthly contracts, outstanding invoices all fit that description. The UCC definition is designed to be broad enough to cover most business receivables.

Been doing UCC filings for small businesses for years. The accounts definition covers your situation perfectly - restaurant receivables from catering services are classic examples of accounts under Article 9. Your outstanding invoices from corporate clients and convention center contracts all qualify. The definition is intentionally broad to capture most commercial receivables.

The UCC Article 9 definition of "accounts" in section 9-102(a)(2) is actually quite comprehensive for your restaurant situation. It covers "a right to payment of a monetary obligation, whether or not earned by performance, (i) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (ii) for services rendered or to be rendered..." Your catering receivables, corporate contract payments, and monthly billing arrangements all fall squarely within this definition since they represent payment obligations for food service you've provided. The key thing to remember is that accounts are created when you perform the service and become entitled to payment - whether that's from a one-time catering job or an ongoing corporate contract doesn't change the classification.