Learn Invoice Factoring For Business #accounts #receivable #funding, #invoice #factoring, #factoring #company,


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Learn Invoice Factoring

Accounts receivable funding provides financing alternatives for businesses. Learn invoice factoring to expand or start a company with helpful articles and how-to ebooks.

We have assembled our hottest selling informational resources all in money-saving bundles. You can also find these items available individually with detailed descriptions in the Bookstore.

Bundle One: Introduction to Factoring

The Introduction to Factoring Bundle includes two of our best sellers, the 2017 Directory of Factoring Companies and How I Run My One Person Business. You get both for the special discounted price of $34.96.

Bundle Two: The Factoring Essentials

The Factoring Essentials Bundle is where most people start. You get an amazing overview of the factoring industry with real world content you can use today! Receive the entire set of nine best-selling factoring books (including the 2017 Directory of Factoring Companies) for the low price of $97.00.

The Factoring Essentials Bundle includes: 2017 Directory of Factoring Companies, How I Run My One Person Business, Factoring Case Studies, Factoring: Sell Your Invoices Today Get Cash Tomorrow, Factoring Wisdom, Fundamentals for Factors, How I Run My Virtual Office, How To Run a Small Factoring Business, and Marketing Methods For Small Factors Brokers You get the entire package of ebooks in a PDF Download for only $97.00.

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The Complete Factoring Toolkit is where the rubber meets the road. It is designed for those individuals looking to start a factoring business, gain insider knowledge, and have a strong marketing presence fast.

Not only do you receive the entire Factoring Essentials Bundle, you also get the Factoring Top 10 series AND your very own turn-key Factoring Website complete with the content and online forms to get your factoring business started!

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This package is a MUST for anyone serious about presenting a professional image (and wanting to save some $$$ in the process)!

At the end of the day

you need quality information from someone that knows the industry inside and out.

We believe we have put together one of the easiest ways for you to get up to speed on the factoring industry. Use the information to stat a new factoring business, sell your own invoices, or even bring your current business to the next level!

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Free, Downloadable Accounts Receivable Aging Report – Excel Format #aged #accounts #receivable


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Instructions and Explanations on How to Replace Inputs

The Date (A1) – This will serve as the reference point for the Past Due Days column. Modify the date in cell B1 by using the numeric mm/dd/yyyy format: 11/07/2010

Account Number Column (A) – Simply index this column with the company’s control number for past due accounts receivable. This is important for maintaining the traceability of data against other accounting records, i.e. accounting entry tickets or vouchers, sales invoices, et al.

Invoice Number Column (B) – Input your invoice number — it is not necessary for the numbers to appear in proper numerical sequence, since not all accounts receivable are being aged. Nevertheless, this information is important to allow for audit trace-back purposes.

The Due Date Column (C) – The information in this column will be used to format the cells in column D to generate the maturity dates for each account.

The Maturity or Due Date Column (D) — In our example, the due date is automatically generated using the 30-day credit term; hence this cell will reflect the account’s maturity date, accordingly.

To modify the template according to your own credit terms, refer to the formula bar and then change the term that is added to the cell reference number. To illustrate, let’s say you’re moving from cell D4 to D5 but the term for this account is 15 days instead of 30: Modify C5+30 appearing on the formula bar to C5+15. The cell will automatically return with the corresponding maturity date for a 15-day credit term and will likewise automatically input the number of Past Due Days in column E accordingly.

The Past Due Days Column (E) – The input in this cell is automatically generated by the functions of the cells in column D. As mentioned earlier, the D column automatically computes the number of days the account has been past due, based on the corresponding due dates generated under the Due Date column (D) and as of the report date you indicated in column B.

Amount Due – Place the corresponding principal amount or balance of the receivable under this column.

Past Due Days Column (1-30/ 31-60/ 61-90/ 91-120/ 151-180/ and Over 181) – Extend the amount due under the applicable column according to the number of Past Due Days generated under column E.

Totals – Totals can be generated through the auto sum function, by highlighting all cells from G4 to G12 extending through N4 to N12.

Once you have customized the formula values for the D columns, you can simply change the report date every time a new report is prepared and the number of past due days will be readily available.

To further appreciate the significance and uses of the accounts receivable aging report in Excel formats, it may interest the readers to view another Bright Hub article entitled: Accounts Receivable Aging: Understanding its Mechanics .


Invoice Factoring -an advance on money due to you from a business


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Invoice Factoring

Its what your looking for

What is factoring:

Invoice factoring is essentially an advance on money / cash due to a business, by means of the sale of the invoices to a bridging company. This is not a loan against invoices but an outright sale of selected invoices ( one or many ) or the full debtors book, to a bridging finance company, but with recourse to the seller of the full invoice value.

Why use single invoice factoring or selective invoice discounting

This is a very simple and reasonably quick method (within 2 weeks of receipt of all documents) used by businesses to improve cash flow or working capital as and when needed. There is no lock in period and no penalty for early settlement. You elect to bridge one or a few invoices not the entire debtors book.


Costs Once

Once off set up fee of approx 3 % to 5 % depending on the size of the invoice bridging required. Monthly cost of between 4,5 % and 6 %

Pre-Conditions to Discount Invoices:
The goods /services must have been delivered / rendered and the customer must have accepted the goods / services with no pending disputes. The company requesting the bridging should be profitable and have a clean credit record.

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