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Invoice discounting is a form of short-term borrowing often used to improve a company's working capital and cash flow position. Invoice discounting allows a business to draw money against its sales invoices before the customer has actually paid. To do this, the business borrows a percentage of the value of its sales ledger from a finance company, effectively using the unpaid sales invoices as collateral for the borrowing.〔(【引用サイトリンク】url=https://www.gov.uk/business-finance-explained/invoice-financing )〕 Invoice Discounting is sometimes referred to as Discreet Factoring as it is essentially the same product as Factoring - the business gets cash from its sales invoices earlier than it otherwise would - but the key difference is that the credit control remains with the business owner. ==Features== When a business enters into an invoice discounting arrangement, the finance company will allow the business to draw down a percentage of the outstanding sales invoices - usually in the region of 80%. It is possible to achieve a full 100% advance rate but this is typically only seen within the recruitment industry. As customers pay their invoices, and new sales invoices are raised, the amount available to be advanced will change so that the maximum drawdown remains at the agreed percentage of the sales ledger.〔(【引用サイトリンク】 url = http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1073791096 )〕 The finance company will charge a monthly fee for the service, and interest on the amount borrowed against sales invoices. In addition, the finance company may refuse to lend against some invoices, for example if it believes the customer is a credit risk, sales to overseas companies, sales with very long credit terms, or very small value invoices. The lender will require a fixed charge over the ''book debts'' (trade debtors) of the business as security for the funds it lends to the business under the invoice discounting arrangement. Responsibility for raising sales invoices and for credit control stays with the business, and the finance company will often require regular reports on the sales ledger and the credit control process. Invoice discounting is targeted at larger companies with established systems and an expected annual sales turnover in excess of £250,000;〔(【引用サイトリンク】 Invoice Discounting as a cashflow alternative )〕 providers will need to be satisfied that the client can manage their own sales ledger administration and credit control facilities. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Invoice discounting」の詳細全文を読む スポンサード リンク
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