Cash 101 -   How it works

Cash 101 couldn't be simpler!

1. You sell your goods or services to your customer in the usual way.

2. You invoice your customer in the usual way. You simply add a notice of assignment to the invoice saying that the customer should pay Sales 101 instead of you.

3. You send a copy of the invoice to Sales 101 together with the delivery note and or an acknowledgement of debt (depending on what you have provided)

4. Sales 101 makes an immediate bank transfer for up to 85% of the value of the invoice

5. When the invoice is paid to Sales 101, the outstanding balance less the agreed discount (4% if the invoice is settled within 15 days) is sent on to you.

       



Simple!