Bill discounting and factoring
This query is : Resolved
14 July 2015
Can somebody discuss the difference between Bill Discounting and Factoring?
15 July 2015
Invoice discounting is a form of short-term borrowing often used to improve a company's working capital and cash flow position. Invoice discounting allows a business to draw money against its sales invoices before the customer has actually paid
15 July 2015
Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs
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