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.
Accounts receivable financing is simply the selling of an invoice that is due to be paid in the future for immediate cash. In other words, instead of waiting 30 days or longer to receive payment a business can receive cash within 24 hours of invoicing their customer. It is commonly known as factoring.
