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Subject Author Date
Factoring yojerkyboy 01-30-2008
---> Re: Factoring Allan Martin01-30-2008
Posted by yojerkyboy on January 30, 2008, 1:29 pm
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 I run a small company and I just started using a factoring company. Does
anyone
know how to properly account for the factoring payments? I am using cash
basis
accounting.

Thanks


Posted by yojerkyboy on January 30, 2008, 1:41 pm
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 The factoring company holds 10% in reserve for 30 days and takes a 1%
fee for every 15 days that the invoice is outstanding.


>I run a small company and I just started using a factoring company. Does
>anyone
> know how to properly account for the factoring payments? I am using cash
> basis
> accounting.
>
> Thanks


Posted by Allan Martin on January 30, 2008, 3:50 pm
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>I run a small company and I just started using a factoring company. Does
>anyone
> know how to properly account for the factoring payments? I am using cash
> basis
> accounting.

I do.

>
> Thanks


Posted by yojerkyboy on January 31, 2008, 5:13 pm
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Does anyone who is not a troll have an answer?

Thanks

>
>>I run a small company and I just started using a factoring company. Does
>>anyone
>> know how to properly account for the factoring payments? I am using cash
>> basis
>> accounting.
>
> I do.
>
>>
>> Thanks
>


Posted by Allan Martin on February 1, 2008, 9:54 am
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> Does anyone who is not a troll have an answer?

I remember back in the day I asked a beautiful young lady if "I can make
love to her?". She said "I believe so", then she walked away and I never saw
her again.



>
> Thanks
>
>>
>>>I run a small company and I just started using a factoring company. Does
>>>anyone
>>> know how to properly account for the factoring payments? I am using
>>> cash basis
>>> accounting.
>>
>> I do.
>>
>>>
>>> Thanks
>>
>


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