Where an invoice is raised for work completed but prior to the completion of all of the work detailed on the original purchase order.

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.

A fee charged by a factoring & invoice discounting specialist (in this case Skipton Business Finance) when an invoice is recoursed back to the client. It is usually expressed as a percentage and t [..]

A confirmation document from the customer detailing which invoices are to be paid in their next payment run.

The invoices raised by a client in relation to products sold or services provided.

This can be any document which confirms the successful delivery of goods or fulfilment of a service to an end Customer.

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