The UK Factoring & Invoice Discounting Helpline Profile
The UK Factoring & Invoice Discounting Helpline gives information on how factoring and invoice discounting work, the advantages and disadvantages, different types of factoring and invoice discounting, the cost, and how to choose a factor or discounter.
Factoring - also known as 'debt factoring' - involves selling your invoices to a third party. In return they will process the invoices and allow you to draw funds against the money owed to your business. Essentially, these companies provide a finance, debt collection and ledger management service.
It is commonly used by businesses to improve cashflow but can also be used to reduce administration overheads. Businesses that supply this service are called factors or debt factoring companies.
Invoice discounting is an alternative way of drawing money against your invoices. However, your business retains control over the administration of your sales ledger. As well as providing finance, it offers valuable support services and credit insurance.
Specialist Accountancy Areas of The UK Factoring & Invoice Discounting Helpline:
The UK Factoring & Invoice Discounting Helpline engages in the following accountancy sectors:
Taxation Accountancy Services The UK Factoring & Invoice Discounting Helpline covers:
Accountancy Memberships that The UK Factoring & Invoice Discounting Helpline is a member of:
New Cavendish Street
Tel - 0800 597 4757
Websites and Email Contact
The website of The UK Factoring & Invoice Discounting Helpline is - http://www.factoringhelpline.co.uk
Number of Qualified Accountants
The total number of accountants practicing at this firm is 5+
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