Performance Counts

Work performance is a big issue with accounts receivable factoring. The factoring company must know that whatever their client does, they’ve truly done it. In order to use accounts receivable financing, the work must be completed and accepted by the customer. An invoice isn’t technically an invoice until the job is finished and the amount is owed without credits or set-offs. So leaving aside all prior arrangements of customers allowing an invoice to be submitted beforehand, no advances unless the worked has been performed to the customer’s satisfaction. And then it’s bravo here’s our funding.