Invoice Factoring Video Library

  • Minimizing Bad Debt Losses through Factoring
  • Stop Waiting for Payments to Take Your Business to the Next Level
  • Universal Funding Respects Your Privacy
  • How Are Factoring Rates Determined?
  • Invoice Factoring – A Powerful Business Loan Alternative
  • Need Help Making Payroll? Invoice Factoring Can Help
  • Streamline AR Operations Through Factoring
  • How Factoring Can Give You a Competitive Advantage in 2015
  • Finance that Grows With Your Business
  • Who Uses Accounts Receivable Financing?
  • How Universal Funding Resolved Tax Issues and Cash Flow Concerns
  • How Invoice Factoring Eases the Top 3 Concerns for CFOs
  • Universal Funding – A Full Service Factoring Company
  • How to Offset the Cost of Factoring
  • Why Banks Are Failing Small Businesses – How Invoice Factoring Companies are Filling the Gap
  • When a Factoring Company Goes Above & Beyond to Help a Successful yet Struggling Business
  • Purchase Order Financing-How Does it Work?
  • Receivables Financing For Manufacturing and Fabrication Companies
  • Accounts Receivable Financing for Printing & Publishing Companies
  • Receivables Financing Programs for Staffing Companies
  • Invoice Factoring for the Gas & Oil Industries
  • Client Testimonial About Factoring Invoices with Universal Funding
  • Broker Referral Program-Earn Commission
  • How Does Invoice Factoring Work?
  • Get Paid Today with Invoice Factoring
  • Why Trucking Fleets Turn to Factoring Companies
  • Factoring for Wholesale & Distribution Companies
  • Why B2B Service Providers turn to Invoice Factoring Companies
  • How Invoice Factoring Helped a Security Consulting Firm
  • Invoice Factoring in the North Dakota Oil Boom
  • How Invoice Factoring Saved an Engineering Firm
  • Banker Refers Staffing Company to a Factoring Company
  • How Much Does Invoice Factoring Cost?
  • Financing Receivables for the Garment & Apparel Industry
  • How A Factoring Company Was Born – The UFC Story
  • What Will My Customers Think of Invoice Factoring?
  • Universal Funding Sponsors GraceSon Housing Foundation Event
  • How Invoice Factoring Works in the 2014 Economy
  • NOT AVAILABLE

    How Invoice Factoring Saved an Ad Agency
  • Invoice Factoring Versus Merchant Cash Advance
  • Purchase Order Financing For Injection Molding Clients
  • Tax Season Creates Higher Demand for Factoring Services
  • Universal Funding To Attend The International Factoring Association Conference in Force
  • Accounts Receivable Insurance
  • Invoice Factoring Broker Referral
  • Fast Track Deal- Universal Funding Facilitates Same Day Accounts Receivable Financing
  • Invoice Factoring Companies Help the Temporary Staffing Industry With 9.6% Annual Growth
  • What Happens to a Business When the Bank Wants to be Paid?
  • How To Use Invoice Financing To Avoid Being A Business Failure Statistic
  • Invoice Factoring Experts, Universal Funding is putting their own spin on SPIFFs!
  • Universal Obtains 2nd IFA Designation
  • Factoring Receivables Means No More Late Fees
  • Invoice Factoring Case Study
  • PO Financing Referral Case Study
  • Referral Network Case Study
  • How to Switch Factoring Companies
  • Factoring Company Offers Free Credit Screening

 

How Does Invoice Factoring Work?

Invoice factoring is a great way to build and maintain cash flow. This video explains about the lifecycle of a factored invoice. Here’s what happens after an invoice leaves your hands.

  • It begins when you receive and fulfill an order.
  • As soon as your services or goods are delivered, you invoice your customers. You also send the factoring company a copy of the invoice.
  • Once the invoice is quickly verified, funds are wired directly into your bank account.
  • You’ll usually receive an advance anywhere from 80% to 95% of the invoice amount. The remaining percentage is placed into a reserve account.
  • The factor then collects payment from your customer within the agreed upon terms (net 30, 60 or days, etc.).
  • Your account is credited for the payments received by your customers and the remaining funds deposited in your account minus a small factoring fee. This is the factoring rate which ranges from 0.55% to 2% monthly.
  • You can see all your transactions through our secure online portal at any time.

 

Financing that Grows With Your Business

Learn how accounts receivable financing is a scalable financial solution that grows as your business grows. Invoice factoring offers business owners a cash flow solutions that is quick, inexpensive and flexible.

 

Why B2B Service Providers Turn to Invoice Factoring

This video illustrates how you can turn your accounts receivables into working capital fast through invoice factoring with Universal Funding. Learn how you can say yes to big projects and get the funding you need today.

 

Sell Your Unpaid Invoices for Cash Today

If you spend time waiting for your customers to pay their invoices, you may want to consider invoice factoring. Universal Funding offers a fast and easy way to get an advance on your unpaid invoices and free up your cash.

 

How Much Will It Cost to Finance My Business?

Alternative lenders approve 63-67% of applications compared to large banks, which approve 17-19% of the time. But the loan rates for alternative financing can be fairly high. Business owners can look to other forms of funding, such as accounts receivable financing or invoice factoring to get access to immediate working capital. Invoice factoring is a financing solution providing an advance against unpaid invoices.  It is not a traditional loan, so your business is not incurring additional debt.

How To Reconcile QuickBooks For Factored Invoices

What’s the best way to record an invoice in QuicBooks and keep track of outstanding balances along with the factoring rates paid to the factoring company once the transaction is complete?  Here is a 3-step process for you to follow:

Step 1:  Create an A/R account in the Chart of Accounts (CoA), titled Factored A/R. All factored invoices will be created from this account. Use the original account for non-factored invoices.

Step 2: Check your eFactor account daily to see which invoices have been paid. In your QuickBooks account, you’ll go to Customers Receive Payments and receive the payments for the factored debts. You’ll post these payments to a new “other current assets” account called “Due from Factor.” This will show the balance owed to you from your factor.

Step 3: When you receive funds from your factor, make a deposit into the checking account and choose “Due from Factor” as the from account.

It’s essential that you use accrual accounting methods or VAT if you factor debts. If you have any challenges reconciling your QuickBooks, don’t hesitate to contact your dedicated Account Representative to assist you with this process.

Invoice Factoring Testimonial – Kirk of Motion Adrenaline

Invoice Factoring Testimonial From Larry at Pro Building Maintenance