Many firms offer factoring services whereby firms can increase liquidity of their accounts receivable, essentially selling them for cash.
TO DO
Factoring
What is Factoring?
https://guides.wsj.com/small-business/funding/how-to-use-factoring-for-cash-flow/
https://www.rtsfinancial.com/guides/what-factoring?pgnc=1
https://www.accountingtools.com/factoring-arrangements
https://www.irs.gov/Businesses/Factoring-of-Receivables-Audit-Techniques-Guide
Bank Financing vs. Receivables Factoring
Ian Johnson
https://youtu.be/Lu16E6BvvDE
Understanding the Difference Between Invoice Factoring and Invoice Financing
Fundera
https://www.fundera.com/business-loans/invoice-financing#!
https://youtu.be/HZtQgiFjwoE
Accounts Receivable Turnover Ratio Calculated (With Factoring Accounts Receivable)
Allen Mursau
https://youtu.be/QUOfnVcIF7U
Accounts Receivable Factoring With Recourse Versus Without Recourse On Sale
Allen Mursau
https://youtu.be/YsPVNRqG_Es
Collection Call Best Practices | Accounts Receivable Best Practices
e2b teknologies
https://youtu.be/91IxsVfJe6Q
Fundera Blog - Factoring Companies to Consider
https://www.fundera.com/blog/2015/03/13/the-4-best-factoring-companies-for-your-business-to-consider/
Winston Financial Group, Inc.
https://www.winfin.com
Your assignment is to explore these resources and to answer questions:
1. How does the process of factoring work?
2. What would be the impact on the company you wrote your research paper on if they began to use some form of factoring for all or some receivables? or how does factoring they already use help them?
3. What did you learn about factoring this week that you may find useful for business, academic or career purposes?
You are expected to make your own contribution in a main topic as well as respond with value added comments to at least two of your classmates as well as to your instructor.