This is the first-ever Finance and Accounting Manual for Factors covering the proper accounting policies and procedures for both Factors and Factoring Clients!

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This factoring accounting guidebook walks you through every possible accounting entry related to the purchase, collection, and closing out of chargebacks and reserves of Factored Accounts Receivable. It includes a sample chart of accounts, different methodology for tracking reserves, how to guide your clients on proper accounting methods, and much more.

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This factoring accounting handbook also discusses how the legalities of the Factoring Agreement affect generally accepted accounting principles.