Great Factoring With the Proper Financing Now

Factoring is the regular recurring purchase of receivables from deliveries of goods and services for immediate payment of the purchase price.

In practice this means: In factoring, a company sells its outstanding receivables to a factoring company (factor).

For this, the company is immediately credited an amount that amounts to about 80 to 90 percent of the respective external balance. In addition, the factoring company usually assumes the default risk as well as the entire debtor management, from dunning to debt collection.

The factoring contract

In the factoring agreement, the factoring customer (customer) undertakes vis-à-vis the factor to offer all in the future receivables arising from delivery and service for purchase (obligation to supply).

The factoring agreement with a basic term of 1-2 years basically includes the purchase of all arising receivables. With the purchase order financing you will be able to have the best option now.

Changes in accounts receivable accounting

Invoices are to be numbered consecutively and submitted to the factor in agreed cycles. The term of payment may not exceed 90 days.

The payee in factoring is no longer the factoring customer but the factoring company. The debtor can only pay to the factor with debt-discharging effect. This change is indicated to the customer by a note on the customer’s invoice. The customers are also informed in advance by the customer about the cooperation with the factor.

In addition, the factor will take over all accounts receivable and receivables management, including dunning, extrajudicial and judicial recovery.

Incoming claims are processed by the factoring customer in coordination with the factor. As far as credits are to be issued, these are also booked by the factor.

Assumption of credit risk

The factor assumes the default risk in full by purchasing the receivable. Approximately 80 to 90 percent of the invoice amount purchased less the factoring fees are transferred to the factoring customer when the invoice is submitted.


The company receives a detailed statement of the settlement items as a daily statement. About 10 to 20 percent of the purchased invoice amount will be retained (blocked account) and credited to the factoring customer when paying by the customer is at the latest, however, after 150 days. This also applies if the customer does not pay, so the case occurs.

The factor constantly checks the creditworthiness of the debtors during the cooperation. The factoring customer applies for a credit limit amounting to the maximum expected receivables from its debtors. After a positive check, each customer is granted a credit limit within which the factor is obliged to purchase the factoring customer’s receivables. The credit limit will be adjusted if necessary to the credit development. If a credit limit is rejected, the company will be informed immediately.

How To Help Your Friend Cope With Divorce

Divorce. That dirty, cloudy word that sounds scarier than Halloween itself. At one point in your life, you’re going to know someone who is going through it. If this person happens to be your best friend, it can be even tougher on you and your relationship as you see the flower that she once was deplete from the sadness and loneliness that divorce brought onto her. Taragh Bracken understands the importance of helping your loved one’s cope with some of the toughest moments of their life. Here’s exactly how you can do it:


Invite Her Out

Even though she may not be feeling like going out, you should still extend the offer. Allowing her to decide for herself whether she wants to let her hair down loose or binge-watch Netflix is her own choice, but as her best friend you should be there to try and get her to change her thoughts and environment. This means that if you are having a couple’s night with a few other friends, you should still ask her to come out. Let her know that she may be fifth or seventh-wheeling the occasion just to mentally prepare her for it. State that you still want her to be present whenever she can since divorced or not, your relationship matters infinitely to you.


Be Affectionate

Bracken cannot stress this point enough since your best friend used to have someone there to be affectionate with, and now those dreams have dwindled away. Never cease from a hugging her. A big embrace can trespass miles, and pairing that with an impromptu jog, coffee or dinner date will make her feel a little bit better about herself. Another encouragement is writing a hand-written letter to her. Now more than ever does she wish for inspiration and kind words to act as a pick-me-up throughout her darkest days.


Be Honest With Her

If you feel as though she is taking the divorce too bad by starting up with bad behaviour, now is when you need to chime in and be honest about it. Just because she is going through a very difficult time in her life doesn’t give her the ability to act inappropriately or unethically.

Find the Best Deals for the Best Mortgage

Verifying customers for reliability is a special area of ​​activity for each bank. Everyone has their carefully developed standards of verification and solvency of potential borrowers, while no bank discloses control technology.

Nevertheless, everywhere the verification process is subordinated to one similar scenario. When an application is submitted for review, the customer undergoes a kind of security check. The main criteria for refusal at this stage are a “bad” credit history, the presence of criminal records, ongoing litigation, the unreliability of the employer, unpaid taxes and fines. Regarding the last point, some banks are more loyal and do not make special demands. As for the study of profiles in social networks, this method is unlikely, especially since in many banks managers’ access to such sites is limited. Fine deals are there for the mortgage broker Geelong are there now.

If at the first stage the refusal was not received, the client is considered from the point of view of solvency. The main parameter in determining the maximum possible loan amount is the “payment / income” ratio. The value of this coefficient can vary from 35% to 80%, depending on the bank.

To whom do banks give mortgages for an apartment, and who is denied?

  1. First, banks check the specified mobile phone – they simply hammer it in the search engine and see what happened on the issue. Often this way it is discovered that a person does not work at all, as evidenced by a certificate from work. For example, the certificate states that a person does not work for a certain number of years as a manager at a company, but in reality it turns out to be a hairdresser who works with clients at home and does not have an official confirmation of income.
  2. Secondly, banks call directly to the applicant and begin to find out the details of the work. Suppose: “Do you give an advance in what numbers?” How many people are sitting in your office? On which floor of the business center is your office located? And where do you turn from the elevator? “In parallel, the same conversation is conducted with the employer. And, if the certificate from the work is faked, made through acquaintances, forgery is revealed at a time, because it is impossible to prepare for such questions and the applicant’s answers with the “employer” answers do not converge.
  3. Thirdly, some banks, indeed, analyze social networks. Many pages are a reflection of real life and people put everything there without looking back. The groups in which a person is a member testifies to his occupations and interests, photos, friends, etc. – all this is a huge information shaft, it would be strange not to use it. In part, these data indicate a so-called lifestyle. Let’s say photos from travel, “Checking” in fashionable cafes, shops, etc., eloquently testify to the degree of the applicant’s solvency. If the applicant sometimes appears on the photo in a state of intoxication or some compromising circumstances, this leads to thoughts about unreliability. Well, of course, the page can give a head with a person who brings a certificate from the work of one.

Fashion Newbie: From College to 3D Logo Maker

No More College Wear

Your days of wearing sweats and leggings paired with your comfy school hoodie are long gone. The moment you walk on that graduation stage and accept your diploma, you need to rethink the fashion choices you’ve been making for the better part of four years. No matter your faculty—arts and science, business, computer science—you must fake it until you make it. And part of that means looking the part. Appear as though you have your dream job right in your hands and soon enough, you just may be living out the dream as you had imagined.


Looking Like an Adult

Beware of the dreaded coffee stains, because now you need to actually be careful when you eat and drink. You’re going to be putting a pretty buck down on investment pieces to add to your sad, drab-looking wardrobe that consists of only t-shirts, jeans, sweats and Lulu yoga pants. Now you need to put a little more effort into how you dress yourself in the morning. You’re an adult now, making a sufficient pay cheque and driving home new sales for the company you work at. Act like it and you may just see a promotion in your near future. Tori, a 3D logo maker working with Katia from Pixxelogo, stated that encompassing a more professional ensemble allowed her to feel more respect for her job. She loves the sound that her mini pumps make whenever she’s running between meetings, having her feeling like she’s the boss of the show.


It’s Psychology

Many studies have shown that what you wear has a proportionate impact on your psyche. If you’re more put together, you’ll be more productive at work than if you are wearing your most comfortable sweats—the same that you would wear for a fun night in doing the Netflix and chill thing.


There’s Hope for A Fashion Newbie

Even if you’ve never paid attention to your clothing all through middle school and high school since you’ve had to wear a uniform for all those years, there’s a lot of hope. Tori was the exact type to brave the school hallways in sneakers and leggings, yet she still managed to observe what the other 3D logo designers were wearing in the office to cue in on some fashion advice. Becoming an expert observer is a great starting point, however you must be more specific in what it is that you like. For instance, if you love that Canadian suit (all jeans), then ask yourself why you do? Is it the color coding scheme that your co-worker is rocking? The texture of her button down jean shirt? Or the length of her mini denim skirt?


Observing and understanding what you like in others’ outfits is a design project all on its own.

All The Essential Options for the Proper Factoring

Factoring over the past year and a half has experienced many changes – some market participants even believe that because of the crisis the market returned to 5 years ago. The decrease in the volume of factoring transactions was due to the unsustainable financial condition of both customers (producers and trading companies), as well as banks and factoring companies. In addition, there was a sharp decline in the number and volume of trade transactions themselves.

Factoring or credit?

Factoring appeared about 100 years ago in the US, and in the middle of the 20th century – in Europe. Now the international factoring industry is actively developing: in the world there are about 1000 factoring companies. About 66% of their turnover falls on Europe, 22% – on the US, 11% – on the countries of Asia. In case of the reverse factoring also you will be getting the options now.

Recall that factoring is a complex of financial services consisting in transferring the right to claim cash (receivables) for the delivered products to the bank (factor) and to receive the supplier of immediate payment. That is, the supplier, working with customers in installments, can receive payment for goods or services immediately after they are shipped. And the debt to the bank or a factoring company is paid off by the debtor. With the help of factoring, the company can get 50-95% of the debt without a loan and lien.The contract limit is usually from 1 to 3 months. The service itself costs the customer more than a normal loan, but factoring has a number of advantages – for example, an easier process for obtaining financing and no limitation on the amount of financing, as it may increase depending on sales growth.

Factoring is beneficial to wholesale trade enterprises that supply products to stores (in the chain stores, supermarkets), to manufacturing enterprises that sell goods to distributors, to suppliers that sell goods and raw materials.

The service is intended to replenish the current assets of the enterprise, i.e. ensuring the receipt of funds immediately after the delivery of goods, without waiting for the end of the period of deferred payment. That is, the enterprise’s accounts receivable turns into “live” money.

Advantages of factoring:

  • The enterprise receives the opportunity to finance working capital without collateral (collateral)
  • Factoring accelerates the period of turnover of funds

In comparison with standard credit products, for example overdraft, factoring allows you to get up to 90% of the amount of goods delivered (future receipts).

  • Factoring is the ability to provide more favorable (competitive) settlement terms to its debtors (customers).
  • Factoring improves the status of the customer’s receivables. The factor checks the reputation and payment discipline of the debtor, makes sure that the debt is repaid in time and in full.

If we talk about the shortcomings of factoring, then this: the bank’s strict requirements for the provided documents relating to the sale of goods, often – the need for bail for the customer, more expensive in comparison with the loan price.

How to find good wooden Venetian blinds

Roller blinds are often seen as real functional eclipse, but they offer more possibilities than you might think! With a wide variety of colors, materials and designs of good wooden venetian blinds you can create a personal atmosphere. For example, you can choose two matching colors, instead of just one color. However, due to the sleek appearance of roller blinds, they are not suitable for every interior. Roller blinds can consist of different fabrics: ‘ordinary’ or blackout. Blackout blinds are often used in the bedroom or office because of their functionality.

Roman blinds

A roman blind creates a nonchalant look for your window. But you can also easily create a sleek, modern look with a roman blind. A roman blind can in fact be pulled up by means of a pull cord and kept hanging at any height. So you can play with the curtains: if you do not hang them at the same height, this gives a completely different effect than when all roman blinds hang at the same height.

Rental Business ideas for a start up

Starting up a rental business is a great way to discover Singapore businesses. Loneliness is good for no one. Create a service that hires friends on time or in the day to go to the movies, do some shopping, talk about a coffee or to make you think that we are very popular on his birthday. In Japan, the concept already exists with the Client Partners agency.Select your collaborators so that they make “good friends”, and especially do not let the services skid to “and more if affinities”.

Private swimming pool rentals

A swimming pool is expensive and, in the end, it is little used during the summer. This platform allows connecting pool owners who want to reduce their bills with tenants who seek to swim safely for one or more hours. The owner indicates the price, the conditions and the dates of hiring available for his swimming pool. The tenant makes a reservation request. The rental is paid online. At the end of each transaction, everyone can note the other on the platform.

Prevent Jaundice with the help of vegetables

Just like tomato and lemon carrots make up another effective good at jaundice home treatment. This orange vegetable is very effective for liver cleansing and damage repair. In addition, carrots are rich in beta-carotene, which the body turns into vitamin A, a nutrient needed for a strong immune system and faster recovery. Drink a glass of carrot juice every day to improve the condition of your liver. You can also eat mashed carrots, boiled or salad to speed up the healing process.Licorice is considered a great liver detoxifier that can remove the accumulation of metabolic toxic substances in the body by increasing the liver’s ability to filter out these harmful wastes.

Best Options with the Use of the Net Working Capital

The net capital of the enterprise is the company’s own capital (the value of assets less liabilities) less certain deductions of assets that are difficult to convert into cash at their full value.In the securities sector, the indicator of net capital is used to determine whether a brokerage firm can be considered sustainable and creditworthy. Let us know what is net working capital and more

Net capital formula

Net capital = All assets – All liabilities

If the amount of liabilities exceeds the value of its assets, this is one of the indicators of high credit risk. Banks and other lending institutions are unlikely to offer such a low interest rate, since there is an increased level of risk of non-repayment of the loan.

Periodic evaluation of net capital helps to determine whether or not the implementation of a new project will lead to deterioration in the financial condition.

Still found about the net capital of the enterprise

Net working capital and own circulating capital of small enterprises: a functional role, a methodology for calculating and analyzing an

Relative to net working capital, it is not possible to establish an optimal level, but at any given time the value of PSC must be equal to 0, which means a full load of capital in current assets. Let’s consider a concrete example calculation of own circulating and net working capital of the conditional small

The most common financial indicators of the

Company and the net working capital Calculated by the formula 17. Factor of turnover of fixed assets fixed assets turnover times Capital productivity This coefficient characterizes the efficiency of use of the enterprise and the available assets The higher the value of the coefficient, the more efficient the enterprise uses fixed assets. The low level of return on assets

Net negative cost

Analysis of the existing methods of assessing the investment activity of the enterprise

capital at the expense of the company’s net profit 7 Refers to the structural-index method Calculated by the formula E RGT where E is the numerical value of the balanced growth indicator R is the share of net profit in the company’s revenue G is the growth rate of revenue T- of assets

Net current assets

Net current assets Own capital of the enterprise Long – term financial liabilities – Non-current assets Net current assets Total amount of current assets of the enterprise – Amount of short-term financial liabilities Net current assets are necessary to maintain the financial stability of the enterprise because their availability means that it is not only able.


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