When most people think of tax time, they no doubt think of the last minute crunch of standing in line at the post office late at night on April 15th. While you may never find yourself in that late night line, you probably have experienced the rush to get your online forms submitted or hurried to set up an appointment with an advisor. However, as tax season approaches, there are a number of things … [Read more...]
The receivable accounts of any business can be turned into working capital by invoice factoring. In this way, a business will no longer have to worry as much about budget shortages and lack of supplies because the factoring company can give them immediate cash in exchange for invoices. This can be done by selling the business’ invoices to the factoring company at a discounted rate. In cases … [Read more...]
In the real world everyone refers to working with a third party financing party (known as Factor) to improve your cash flows as accounts receivable factoring. However it turns out that there are different ways to use your customer’s invoices to smooth out your cash flows. This article will discuss the difference between factoring and discounting. Factoring When a company factors its … [Read more...]
