Inside Waddle

What's An Invoice & How Can B2B Companies Leverage This Asset?

Posted by Team Waddle on 17-Nov-2015 16:42:28

Businesses issue invoices to their customers for completion of good & services. Simple stuff, however, it’s worthwhile taking a closer look at what an invoice actually is.

Plainly stated an invoice is the promise of a future cash payment by a third party. In accounting and business parlance any future positive cash flow is labelled an Asset and specifically for an invoice it is a Current Asset as it converts to cash in the short term (e.g. payment terms NET 30 days). For many businesses in B2B industries, it is common place for the accounts receivable ledger to be the only asset of value on the balance sheet.

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Topics: Credit terms, Invoice Finance, Waddle Tips

Inside Waddle

Every business needs easy access to low-cost working capital. Subscribe to our blog to receive updates about invoice financing and to read about the impact that modern invoice financing is having on Australian businesses.

 

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