What is invoice factoring?
Invoice factoring is when a company sells outstanding invoices for an immediate cash payment. Invoices are sold at a discount to their face value. While invoice factoring is considered expensive compared to a bank line of credit, it’s relatively cheap compared to many other forms of financing available to small businesses.
What should be on an invoice? (Free Invoice Template)
The goal of an invoice is to get your company paid as quickly as possible. A good invoice makes it clear the services or products you provide, their cost, who authorized the purchase, and who to contact if there any problems. Our free invoice template makes it easy to include all the information needed to get your company paid on time.
What is the best software for sending invoices?
Your invoicing software should make it easy to create, send, and track your invoices. Additionally, it should seamlessly integrate with your accounting software. We compare 4 popular invoicing software solutions.
Who is the best factoring company?
There are over 700 companies that offer factoring services. Unfortunately, only a fraction of these companies are interested in serving the needs of small businesses. We compare prices and features for 4 factoring solutions, including Fundbox and BlueVine.
How To Collect Invoices & Increase Cash Flow?
This article covers a range of issues from setting payment terms to how to respond to a client that is late in paying an invoice. Includes a sample email to send out to a client that have past due invoices.
Who is the most innovative invoice factoring company?
Fundbox is so innovative that other factoring companies might not call what they are doing invoice factoring. Their product is a hybrid of a short-term loan and invoice factoring.