What is Accounts Receivable Verification?

Accounts Receivable Verification is part of the due diligence process of A/R Factoring. The factoring company will verify the accounts receivable of their client’s customer (the Account Debtor). The factor is verifying that the Account Debtor is happy with the quality, quantity, and timeliness of the service or product provided. The invoice dollar amounts, terms, and conditions will also be verified.

  • Accounts Receivable (A/R)

    Accounts Receivable are monies owed to a company by their customers (another business, a government entity or individual) for goods or services sold on terms. Accounts receivable are a Current Asset on a company’s Balance Sheet. In most businesses, the…

  • Accounts Payable (A/P)

    Accounts payable (A/P) - The money a company owes its vendors. When one company transacts with another on credit, one will record an entry to accounts payable on their books while the other records an entry to accounts receivable.

  • Accounts Receivable Factoring

    Also known as A/R factoring, factoring or general factoring. Factoring designed specifically for trucking companies is referred to as freight factoring.

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