What is Contra Account?

A Contra Account, in terms of A/R financing or Invoice Factoring, is when the Factoring Company’s Client and their Customer (the Account Debtor) each owe the other monies. For example, slotting or advertising fees in retailing. This must be disclosed immediately to the working capital provider so the borrowing base or availability can be adjusted accordingly.

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What Is Non-Recourse Factoring?

Factoring accounts receivables to gain immediate access to working capital is a sound business decision. The process of selecting the right factoring company for your…

A Business Owner’s Guide to Invoice Factoring

Invoice factoring is a mainstream business financing option. It is designed to accelerate cash flow by delivering payments to businesses within hours of issuing invoice…