Ozarks Capital Funding

When you enter into an invoice factoring arrangement for the purposes of acquiring working capital, your staff may not have experience in how to handle accounting for factoirng.

When you get an advance on your outstanding accounts receivable, it must be accounted for. The same is true when the factoring company remits the reserve less the service fee that is charged.

Peachtree is the accounting software I have used for several years because I have found it to be reliable and on the cutting edge. To account for factoring transactions, check out this Peachtree Community thread on how to account for factoring.