Accounts Payables and Accounts Receivables Factoring Tips

www.acdfinancial.com It can be of tremendous benefit to your company if you follow best-of-practice accounts payables rules, because when managed well, you'll improve the working capital in your business. When you reduce the amount of working capital financing that you need. Here are some tips:  Try to obtain business credit from new and potential suppliers in advance of when you need it; never run out of essential supplies; get price and volume discounts and volume discounts when you can demonstrate a track record of a well managed account. This will help you obtain an advantage over your competitors, to move  towards better returns on investment (ROI); document your procedures well documented so that no one is unclear about what needs to be done.  This reduces the time wasted by management and your business will be  more efficient; make sure you set clear expenditure mandates which will improve net profit by reducing unneccessary expenditures; when things get tight, consider accounts recievables financing. One of the oldest and most widely used forms of funding, standard invoice factoring has been used for thousands of years.   But there is a newer form of factoring called single invoice factoirng, or spot factoring, which allows the factoring of one invoice at a time.  Your business can receive an advance of 90 percent against invoices. For more information about invoice factoring, go acdfinancial.com. Original post blogged on b2evolution. Courtesy of IFG Network.