How Payroll Factoring Helps With Accounts Payable

How payroll factoring can help

In a perfect world, you would send an invoice to a client and the client would send you a check upon receipt. But in reality, it hardly ever works that way. Instead, you send an invoice, and it could be 30, 60 or even 90 days before you get paid, which can make it difficult…

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What is Payroll Factoring?

Two coworkers sitting at desk looking at computer

Staffing agencies have a wide range of financial obligations, including workers’ compensation insurance, advertising and marketing, and office equipment and upkeep. Yet one of the biggest financial challenges is payroll factoring for staffing companies. Many staffing agencies choose to finance their payroll invoices through a factoring company such as Encore Funding. But what is payroll factoring…

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