Agreement Receivable Statement With Text In King

State:
Multi-State
County:
King
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

A factor is a person who sells goods for a commission. A factor takes possession of goods of another and usually sells them in his/her own name. A factor differs from a broker in that a broker normally doesn't take possession of the goods. A factor may be a financier who lends money in return for an assignment of accounts receivable (A/R) or other security.

Many times factoring is used when a manufacturing company has a large A/R on the books that would represent the entire profits for the company for the year. That particular A/R might not get paid prior to year end from a client that has no money. That means the manufacturing company will have no profit for the year unless they can figure out a way to collect the A/R.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Accounts receivable are recorded on a company's balance sheet. Because they represent funds owed to the company (and that are likely to be received), they are booked as an asset.

Accounts receivable are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset.

Accounts receivable are recorded on a company's balance sheet. Because they represent funds owed to the company (and that are likely to be received), they are booked as an asset.

AR is listed on the balance sheet as current assets and also refer to invoices that clients owe for items or work performed for them on credit. Accounts receivable is a current asset on the balance sheet.

Accounts receivable are the funds that customers owe your company for products or services that have been invoiced. The total value of all accounts receivable is listed on the balance sheet as current assets and include invoices that clients owe for items or work performed for them on credit.

More info

This Assignment of Accounts Receivable with Recourse template can be used to quickly remove valuable receivables from the operating entity. Attached is an Accounts Receivable Assignment Agreement to formally assign the rights to the Accounts.Edit, sign, and share agreement receivable online. No need to install software, just go to DocHub, and sign up instantly and for free. Enter the Accounts Receivable Description, which is limited to 35 characters. Enter the accounts receivable amount in the Total this Bill field. Optional Financing Option means the option of the Seller to request the Bank in accordance with the Platform to purchase certain selected Eligible Accounts. On November 10,2009, King Co. sold inventory to a customer in a foreign country. If the job uses phases, enter the phase number in the Phase text box. In the Description text box, enter a brief statement about the invoice.

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Agreement Receivable Statement With Text In King