Billing and factoring
Track factoring status
Follow an invoice through submission, purchase, funding, reserve, payment, and close.
What factoring means
Factoring sells an eligible account receivable for an advance, less fees and reserves. It is not a load or driver loan.
Status flow
Use Ready → Submitted → Purchased → Funded → Closed. Record advance, reserve, fee, funding date, and reconciliation evidence. Close only after payment and reserve outcomes reconcile.