A factoring company requires a completely different type of software to post invoices that it will fund/purchase. The software calculates fees, account debtor data, reserves and daily reports on collected invoices. A client requires a different type of invoicing and accounting system like MyBizPad™ that may include inventory control, purchase order creation, pay vendors, post…
An invoice is a description of items or services rendered by a supplier to a customer. The invoice should always mention other items of the sale such as sales tax, purchase order, shipping, discounts if any, terms offered and total due. Most companies also have legal language in reference to company’s collection policies as well…
Sellers can now process up to 2000 invoices in 6 minutes, prepare for your factoring company three files needed to get funded. An xlsx file for Cadance upload, invoice creator based on your Amazon order id’s, and a Schedule of Accounts matching up with the invoices created in the batch.