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What is invoice factoring? Invoice factoring is a popular financing solution that allows businesses that offer products and services to other organizations to sell their accounts receivable to a third-party company, known as a factor, at a discounted rate and receive a large percentage of those amounts immediately. The solution is appealing to small businesses

Different credit report – same concept You know the importance of your personal credit score, but do you know that your business credit score is equally relevant to your business’s ability to conduct business with third-party organizations?   A business credit score, also called a commercial credit score, performs a function similar for your business than

A Core Financial Report The Balance Sheet is one of the three core financial statements of a small or medium-sized business, along with the Profit and Loss Statement and the Cash Flow statement. It reports a company’s assets, liabilities, and owners/shareholders’ equity at a point in time. A standard balance sheet is considered to have

A Core Financial Report The Profit and Loss (P&L) statement is a financial report that summarizes the revenues, costs, and expenses incurred by a small business during a specified period. P&L statements are often called Income Statements, Earning Statements, or Statements of Operations. These reports indicate how businesses convert revenues into Net Income and whether