This course provides a guide to understanding and implementing invoice factoring within QuickBooks Online. You'll learn everything from the initial file setup—including clearing accounts and distinct products/services—to the recording factoring sales and payments. The class also explores critical concepts like recourse versus non-recourse factoring and detailed techniques for tracking rebates, discounts, and losses to keep your books perfectly accurate.
You’ll learn how to…
Understand the mechanics of factoring and different contract structures
Set up clearing accounts, products, and services for factoring workflows
Record the sale of invoices to factoring companies
Manage upfront cash advances and initial payments
Effectively close out customer balances on factored invoices
Track and record factoring rebates and losses
This class is included in all of our training plans
Self-paced
All training plans include instant and lifetime access to this course.
Course Content
9 lessons · 1 hr 4 min
Intro to Factoring1:49
What is Factoring?4:01
Why Factor Invoices?7:11
Types of Factoring & Workflow6:59
Set up your file9:39
Record Customer Sales & Factoring Invoices6:32
Record Initial Payments from Factoring Company4:28
Close Factored Invoices3:57
Record Final Payments & Rebates19:38
Learner
Training only
1 user
$899.95
$599.95
30-day money back guarantee
Lifetime access to all included training
This course + 35 other courses
Live classes every weekday
Hands-on exercises
All future course updates
Optional Live 1-on-1 Help continues at $50/mo. Cancel anytime.
Most Popular
Certification
Training + Certification
1 user
$999.95
$699.95
30-day money back guarantee
Lifetime access to all included training
Everything in Learner
Training for all 7 certifications
7 QuickBooks certification exams
Practice exams and test prep
Optional Live 1-on-1 Help continues at $50/mo. Cancel anytime.
Team
Team Training + Certification
2-5 users
$1,799.95
$999.95
30-day money back guarantee
Lifetime access to all included training
Everything in Certification
Up to 5 users included
Certification for your team
Team progress tracking
Optional Live 1-on-1 Help continues at $90/mo. Cancel anytime.
