This is a type of audit/due diligence undertaken by a factoring & invoice discounting specialist (in this case Skipton Business Finance) at a clients premises prior to a facility being offered.

This is the account set up for an invoice discounting client into which they pay the money they receive from debtors.

The fee that a factoring & invoice discounting specialist (in this case Skipton Business Finance) charges for the administration of the facility. It is usually expressed as a percentage and is cha [..]

The ledger that shows all the outstanding sales invoices that have been sent to customers and remain unpaid at any point in time.

The ledger that shows all the outstanding purchase invoices due to creditors.

This means that an invoice will be given back to the client by a factoring & invoice discounting specialist (in this case Skipton Business Finance) if the customer fails to pay within an agreed pe [..]

An invoice to be settled on cash terms.

When an invoice is issued prior to goods or services being delivered.

Money that a factoring & invoice discounting specialist (in this case Skipton Business Finance) will pay against an invoice normally expressed as a percentage.

An umbrella term for finance that is provided where the debtor book is used as security. Two examples of invoice finance are factoring and invoice discounting.