Relationship Between Income Statement And Balance Sheet And Cash Flow Why Accounts Receivable Factoring – Is This You?

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Why Accounts Receivable Factoring – Is This You?

Are your customers asking your company to offer 30, 45 or 60 day terms to do business with them? If so, do they pay you on time… We have found that in almost all cases when the company grows, so does the balance of receivables. You mean, WOW business is great and sales keep pouring in. The problem is, as it happens, business is punished by its own success. You are selling like crazy and you have no money…

If you look at your income statement and balance sheet at the end of the month and think, what if I only had the money owed to me by my customers… It would be much easier to cover my salary, payroll taxes, suppliers, and current business expenses. If only I could get my clients to pay me faster… If you’re reading this, our team at Troon Funding understands what you’re going through too. We have all spent at least twenty years in the private sector managing our own businesses and accounts receivable before starting this company.

It’s unfortunate, but as sales grow and receivables increase, cash flow tends to get tighter and tighter, making it a challenge for the company to cover expenses. We also know that when this happens, the primary focus of ownership and senior management shifts from growing and managing the company to collecting unpaid bills. During these periods of growth, it becomes a daily discussion at the highest levels of the company.

Now imagine turning your invoices into cash after the goods and/or services have been delivered, rather than when your customers decide to pay. Big or small, if your business has unpaid invoices or accounts receivable, Troon Funding can turn those assets into cash. The way invoice factoring works, in most cases we will advance 80% of the total invoice amount to your company after delivery of your goods and/or service. The balance of 20% minus the factoring fee will be returned to your company after payment by the customer.

This will greatly improve your company’s cash flow, ensuring liquidity to cover your salaries, taxes, suppliers and monthly operating expenses. In some cases, suppliers will offer discounts and/or lower prices to get you paid faster, saving you money. By using accounts receivable factoring, your business will have the cash flow to take advantage of these savings. With Troon Funding you can plan for your future growth without worrying about working capital.

In today’s business climate, for continued growth, every business needs a stable cash flow to manage the day-to-day operations of the business. Troon Funding Service will ensure this. An added benefit, invoice factoring will generate cash flow without changing ownership and debt to repay. Turn what you already own into cash. That way, you can continue to offer your customers competitive terms while we step in and provide your company with money.

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