Characteristically funds can be made available to you within 24 hours of the invoice being received.
Cheques, Receipts, Payment invoice, Cash invoice,
Invoice a/c .. dr To cash a/c
I've never really ran across this, but my understanding, and I do hope that I am at least close is: A trade invoice is an invoice dealing with a "trade", product for product or service for service, even product for service and vice versa. (no cash is involved.) Where a "sales" invoice is pertaining to a cash/product or cash/service transaction.
Yes, it is.
original tax invoice
terms of sale
http://wiki.answers.com/Q/What_is_the_difference_between_bill_invoice_cash_memo ?
terms of sale
Your business will be authorized for monthly invoice factoring quantity. You can factor invoices as much as that amount. Commonly your lender will advance from 70%-80% of an invoice, with the balance held in reserve until the invoice is paid.
Normally an invoice factoring company will advance about 85% of the value of an invoice based on which sector your business works in. The remaining balance, less the invoice factoring company charges, is then made available to you as soon as the debt has been collected.
Factoring relationships can be set up rather quickly to augment one's cash flow. Factoring allows for direct funds; they do not cause any extra debt. Because of this, a small business can use invoice factoring to help improve their credit by receiving more funds.
There are several advantages of invoice factoring. Such advantages are the ability to find other customers, the managing time, access to supplying cash, and many more.