invoice discounting, though, works differently. With factoring, a business is not taking on any new debt. Instead, with factoring, a company receives funds based upon its outstanding account receivables; in other words, your company can obtain funds for work that you have completed but, for which you have not yet received payment.
Jay Nagbe Sloh is the founder and CEO of Sloh Information Service, a not-for-profit community media organization dedicated to publishing balanced, fast, and accurate information about events that shape the destiny of the global village. He is a journalist, political activist, community organizer, and a faithful christian. Prior to 1997 when he was exiled in the United States for his political opinion, he held reportorial and editorial positions with several Liberian and international media organizations. He also served as Director of Communications at the Ministry of Finance in Monrovia.
1 comment:
invoice discounting, though, works differently. With factoring,
a business is not taking on any new debt. Instead, with factoring,
a company receives funds based upon its outstanding account receivables; in other words,
your company can obtain funds for work that you have completed but,
for which you have not yet received payment.
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