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How do I handle factoring invoices and payments in OnSite?

10-10-2019
Tags: accounting, Invoicing, Payments, Receivables

Some of our customers choose to have an outside company factor their open invoices.  This means that they "sell" the receivable to a company and are paid immediately for the invoice minus a small percentage of the amount of the invoice.  Below is a link to a video on how to process the payment received from the factor

 

                     Factoring Payments