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What is a Factoring Discount?

  • dindoquitor
  • January 22, 2023

A factoring discount is a percentage of the invoice amount that is discounted when a business sells its invoice to a factor, also known as an invoice financing company. A factoring discount is a cost-effective solution for businesses looking to…

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Importance of Working Capital for Business: Improving Liquidity and Credit Rating

  • dindoquitor
  • January 21, 2023

Components of working capital include accounts receivable, inventory, and cash. Customers purchase goods or services on credit and owe the company as accounts receivable. A company holds a certain amount of merchandise as inventory. Cash is the money a company…

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Professional Accounting Services

Why Every Small Business Needs Professional Accounting Services

  • dindoquitor
  • January 6, 2023

Small businesses face many challenges in their early stages of development, and one of the most important is establishing a strong foundation for financial management. Accurate financial record-keeping, compliance with tax laws and regulations, and the ability to make informed…

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