Can anyone share a link about accounting for invoice discounting? i.e. I invoice a client, client pays ID co and I draw down up to 90% of invoice value when I want.
Thanks but that's not what I meant.
I use ABN Amro for invoice discounting i.e. I invoice the client and I can draw down up to 90% of the value of all invoices from ABN. I only draw down what I require. The client pays ABN. ABN charge me (various charges) for this facility.