In this model, an invoice factoring company purchases a small business's
unpaid invoices at a discounted rate.
Not exact matches
In many situations, the factor will insist on «recourse» — the right to sell the
invoice back to you
at face value if the debt goes
unpaid beyond, say, 90 days.
Contingent liability If a firm has received goods from a supplier, along with an
invoice that remains
unpaid when the balance sheet is drawn up
at, say, 31 December...
«
At some point, most businesses have to deal with a commercial dispute of some kind — whether that's an
unpaid invoice, a dispute with a supplier or conflict between directors.
At trial Madam Justice B.A.Brown ruled that Terranova did not have grounds to terminate its contract with Kon Construction and was therefore liable for a portion of the
unpaid invoices which she found had been improperly inflated (Kon Construction v Terranova Development, 2014 ABQB 256).
-- Audit
invoices against database information so that accuracy is maintained
at all times — Processing credit card payments and resolving related issues — Following up on
unpaid invoices — Reviewing customer tariffs and communicate with different parties as and when required — Obtaining data for month end accruals
One of the specific matters with which Mr De Luca had to deal
at Senate Estimates was the recent report of
unpaid invoices totalling as much as $ 300m owed by the NDIA to various service providers.