If the Factoring company is buying the invoices, does our business actually get to bill the customer?
The business prepares its invoice to the customer in the normal way, showing the delivery of completed goods or services. The original invoice is sent to the Factoring company, who will bill the customer, pointing out that payment is to be made to the Factoring company.
The Factoring company would also verify the invoice with the customer and then make the advance to you.
© 2007 Sanjeev Aaron Williams & Cashwerks All Rights Reserved
The business prepares its invoice to the customer in the normal way, showing the delivery of completed goods or services. The original invoice is sent to the Factoring company, who will bill the customer, pointing out that payment is to be made to the Factoring company.
The Factoring company would also verify the invoice with the customer and then make the advance to you.
© 2007 Sanjeev Aaron Williams & Cashwerks All Rights Reserved
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