Star Funding Accounts Receivable Factoring Definitions A-C
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Transcript of Star Funding Accounts Receivable Factoring Definitions A-C
STAR FUNDING, INC.1
Purchase Order Funding
Factoring
Letters Of Credit
Your Premier Trade Finance Organization
Factoring DefinitionsA-C
STAR FUNDING, INC.3
Account Debtor
Customers who are purchasing the goods and services of Account Creditor.
STAR FUNDING, INC.4
Accounts Payable
Payments or liabilities of the client to their vendors and suppliers.
STAR FUNDING, INC.6
Accounts Receivable Verification
The process of determining eligibility of the receivables. This is done through phone
calls to the customer, retrieving info from an online portal, or some factors accept
shipping docs and tracking numbers as verification of delivery and receivables.
STAR FUNDING, INC.7
Receivables Aging Report
Report showing how long accounts receivable have remained outstanding and
total amounts owed by customers.
STAR FUNDING, INC.8
Approved Account
Accounts where factor has checked and approved credit, assuming the credit risk of
non payment.
STAR FUNDING, INC.9
Cash Flow
The movement of money throughout your business and in and out of your business.
STAR FUNDING, INC.10
Chargeback
Deductions from original invoice price not paid back to the supplier. Could be due to damaged goods, late shipments, poor sell
through or marketing expenses.
STAR FUNDING, INC.12
Client Risk Receivables
Those receivables not insured or approved through a non-recourse facility.
STAR FUNDING, INC.14
Collection Days
Allowance for mail delivery time and for the check to clear with no issues prior to
posting to an account.
STAR FUNDING, INC.15
Concentration
Occurs when a single customer accounts for a significant percentage of the suppliers
overall business.
STAR FUNDING, INC.16
Credit Memo
Used to correct account balance. Often offsets damages, discounted or waived fees and other changes to fees or money owed.
WWW.STARFUNDING.COM18
Avi W. Levine
Vice President
(212) [email protected]
237 West 37th Street.New York, NY 10018
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