Definition
A bill requesting payment for goods or services delivered.
Why it matters
Clear invoices with POs and proof of delivery fund faster.
Where it shows up in a deal
The invoice is the asset being financed, so its form matters as much as its amount. Funded invoices normally carry assignment language and the funder's remittance instructions, must match the purchase order and the proof of delivery, and are submitted on a schedule of accounts rather than one at a time.
What it affects
- A PO number or consignee name that does not match the supporting documents stalls verification.
- Missing assignment language is the usual cause of payments landing in the wrong account.
- Invoicing late shortens the collection window you have before recourse or ineligibility bites.
- Pre-billing - invoicing before delivery or acceptance - is a breach under almost every agreement.
The common mistake
Related terms
- Proof of DeliveryDocumentation proving goods or services were delivered.
- VerificationThe process of confirming an invoice with the customer before funding.
- Schedule of AccountsThe list of invoices a client submits to a factor for funding.
- Recourse PeriodThe number of days after which an unpaid invoice must be bought back in recourse factoring.
Questions about how invoice affects your facility?
Call (929) 658-8087 or request a written quote — no obligation, no credit impact.
