Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What can a business do with the additional cash it obtains from factoring its accounts receivable?

April 26, 2017Accounts receivable additional Business cash factoring Obtains

0

Posted

What can a business do with the additional cash it obtains from factoring its accounts receivable?

1 Answer

0

Posted

Clients can use the cash to meet payroll and payroll taxes, pay suppliers, take advantage of supplier discounts, purchase inventory or equipment, or take on more orders.