Accounting

This 38-page guide offers a comprehensive step-by-step approach to recording invoice factoring in QuickBooks, covering essential topics such as adding necessary accounts, selling invoices to factoring companies, collecting factored and non-factored invoices, managing uncollectible invoices, recording fees and charges, and handling reserve releases.

Optimizing cash flow through invoice factoring transactions requires meticulous bookkeeping. This comprehensive guide breaks down the accounting steps involved in factoring receivables, from the initial sale to the final settlement, offering practical insights for businesses seeking to manage their finances effectively.