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How to Effectively Manage Foreign Accounts Receivable

Effectively Manage Foreign Accounts Receivable

Exporters have to address the problems of larger inventories and accounts receivable, and an increased risk of bad debts due to the transportation time and additional paperwork involved in sending goods abroad. Foreign debts raise the following special problems. a) When goods are sold abroad, the customer might ask for …

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Beginner’s Guide to the Accounts Receivable Factoring and Invoice Discounting

account-receivable-invoice-factoring

Some companies use either factoring or invoice discounting to improve liquidity or to reduce administration costs. Insurance particularly of overseas debts can also help reduce the risk of bad debts. Factoring is an arrangement to have debts collected by a factoring company which advances a proportion of the money it …

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