Hello everyone,
First time forum member here. I recently started working for a clothing wholesaler who factors their AR. Working with a factor is new to me, so I'm hoping to find others with experience. I understand the basic concept of factoring but translating into how it should be entered into QuickBooks is eluding me. Hopefully I will find answers in the threads here.
Thank you in advance for any help you can provide!
First time forum member here. I recently started working for a clothing wholesaler who factors their AR. Working with a factor is new to me, so I'm hoping to find others with experience. I understand the basic concept of factoring but translating into how it should be entered into QuickBooks is eluding me. Hopefully I will find answers in the threads here.
Thank you in advance for any help you can provide!