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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A Business Owner’s Guide to Invoice Factoring

Invoice factoring is a mainstream business financing option. It is designed...
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What Is Non-Recourse Factoring?

Factoring accounts receivables to optimize cash flow and gain immediate ac...
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