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if account receivable is given to factoring organisation, what will be the effect of this on customer satisfaction?

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Question ajoutée par SULTAN-E- ROOM , Head Accountant , DALLA DRIVING ACADEMY
Date de publication: 2016/08/21
Mohamad Elsaba Ali Soliman
par Mohamad Elsaba Ali Soliman , محاسب أول -مدير حسابات , شركة البداية الخليجية للتجارة العامة و المقاولات

It will bother the client and resent this act and have had many assumptions that the company owning the debt is not able to deal with customers, and this affects the trade name of the company

Mohamed ELARIEF  US CPA CMA SOCPA
par Mohamed ELARIEF US CPA CMA SOCPA , Financial Manager , Tiraz AL Arabia / Tiraz Holding

It is base on :

Factoring with recourse or not 

without recourse  it consider saling to debt , so may be annoy the customer 

with recourse it  like loan so there is no relation between factoring company and cutomers 

manseer muhammed ali
par manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

Controls over accounts receivable really begin with the initial creation of a customer invoice, since you must minimize several issues during the creation of accounts receivable before you can have a comprehensive set of controls over this key asset. Controls then span the proper maintenance of accounts receivable, and their elimination through either payments from customers or the generation of credit memos

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