Factoring can take the worry away from invoicing
Invoicing is such an important part of your business records and it is important to get the invoicing right so that invoices get paid on time. An invoice not only shows the customer or client how much money is due but provides tax and accountancy information.
Getting an invoicing system and payment terms right is the key to a healthy business. A business needs to make sure its customers understand how much they need to pay and when they must settle up. Customer and clients are more likely to pay you on time if these terms are clearly set out in writing from the start.
Once the invoicing has been done a business relies on receiving the money as quickly as possible. The problem is businesses often take too long to pay and this can cause a real bottleneck for a business if it need cash to finance the working capital needs of a business.
How can factoring help?
Factoring is a method where one company purchases a debt or invoice from another company. It refers to the acquisition of accounts receivable, which are discounted in order to allow the buyer to make a profit upon collection of monies owed. Factoring transfers ownership of such accounts to another party that then works vigorously to collect the debt. Factoring and invoicing can work together to make cashflow more predicable and reliable.
The process of factoring invoicing for small businesses
- The factoring company visits your business premises and inspects your invoicing.
- The factoring audit will be looking at which customers you are invoicing and how many customers you are invoicing.
- Most factoring companies will factor a business that is only invoicing a few clients as long as those customers are credit worthy.
- From experience have found that businesses who’s invoicing is decreasing may be declined a factoring invoicing facility.
- If accepted for a factoring facility a credit limit will be offered to cover te invoicing needs.
Get factoring and invoicing help today by calling 0800 597 4757 or apply online
Factoring Menu
- Compare Factoring Companies
- Compare Factoring Quotes
- Guide To Factoring
- Factoring Explained
- Which businesses are suitable for factoring?
- The benefits and advantages of using factoring
- Invoice Factoring
- Factoring Advice
- Online Factoring Quotes
- Factoring Brokers
- Factoring and Invoice Discounting Frequently Asked Questions
- Invoice factoring in the UK explained
- Debt factoring
- Compare factoring lenders
- Free Factoring Advice
- Who uses factoring Services?
- Glossary of factoring terms
- What is asset based factoring?
- What is accounts receivable factoring?
- How can factoring help a business?
- What is credit factoring?
- Factoring in the UK
- What is Export Factoring?
- What is Domestic Factoring?
- Factoring and Invoice Discounting
- How invoice factoring can solve business cash flow problems
- What can a factoring company do for your business?
- Factoring quote
- Choosing the best factoring service
- Factoring Invoices
- What is business factoring?
- A brief overview of invoice factoring in the UK
- Choosing the right accounts receivable factoring company
- Release cash immediately with accounts receivable
- The benefits of accounts receivable factoring
- Arranging a factoring accounts receivable facility
- Business Receivable Factoring Vs Factoring
- The benefits of using factoring solutions
- Why do you need a Factoring Consultant?
- Advantages and disadvantages of small business factoring
- What you need to know about business factoring services
- Company Factoring UK
- How does business debt factoring work in the UK
- Commercial factoring overview and benefits
- Looking for a Factoring Company
- Considerations when selecting factoring companies
- The benefit of Factoring Brokers
- What is a factoring broker?
- Free Factoring Advice Service
- Finding the best factoring deal for UK Companies
- Free Factoring and Invoice Discounting Advice
- Factoring companies in the UK
- The advantages of using a broker factoring company
- Factoring future cash payments
- Broker Factoring
- How can you or your business benefit from Business Factoring?
- The benefits of using a broker factoring company
- An overview of Independent Invoice Factoring Companies
- Is my business eligible for Asset Based Lending?
- Which lender is right for your business if your business trades UK wide?
- Choosing a factoring company to help your business grow
- The benefits of using broker factoring
- Factoring for new businesses or startups
- Factoring for export companies
- Invoice factoring in the UK explained
- Factoring Agents
- Factoring Companies
- Invoice factoring and finance for SME businesses
- SME factoring in the UK
- SME Finance
- Accounts receivable finance funding
- Business invoice factoring
- Buy Invoices
- Cash flow advice for UK Business
- Cash flow finance financing advice
- Cash flow help to business in the UK
- UK factoring and invoice discounting advice service
- How can a factoring adviser help your business?
- UK factoring consultants
- UK factoring firms
- Factoring future cash payments for small to medium size businesses
- Factoring Information
- Getting a factoring quote
- Factoring can take the worry away from invoicing
- Using a factoring company to get money in quickly
- Recourse factoring explained
- Non recourse factoring explained
- Purchase order financing in the UK
- What is Reverse Factoring?
- Small business financing
- Working capital factoring explained
- Business Debt Factoring
- Factoring advice for increasing cashflow
- Factoring to solve cashflow problems
- Are you looking to change your factoring company?
- Commercial finance solutions
- Credit Factoring Advice
Industry Specific Factoring Options
- Courier Companies
- Recruitment Companies
- Logistic Companies
- Construction Companies
- IT Companies
- Manufacturing Companies
- Media Companies
- Advertising Companies
- Printing Companies
- Publishing Companies
- Professional Services
- Retail Warehousing Companies
- Distribution Companies
- Phoenix Companies
- Haulage Companies