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INTERNAL FACTORING REALITIES AND PERSPECTIVES IN ROMANIA Lecturer Ph.D. DanielaMarinela Manley, marinelamanea×yahoo.com Lecturer Ph.D. Radar Postulate, radapostolache×yahoo.com Malaria University,

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What is internal factoring?

Internal factoring refers to a financing strategy in which a company converts its accounts receivable into cash by selling them to a financial institution or factor, which assumes the responsibility of collecting the owed amount from the debtor.

Who is required to file internal factoring?

Any company that wishes to utilize internal factoring as a financing method can file for it.

How to fill out internal factoring?

To fill out internal factoring, you need to provide information about the accounts receivable you want to factor, including details such as the debtor, invoice numbers, amounts, and payment terms. You will also need to enter into a factoring agreement with a financial institution or factor.

What is the purpose of internal factoring?

The purpose of internal factoring is to improve the cash flow of a company by converting its accounts receivable into immediate cash. It can also help in managing credit risk and outsourcing the collection process to a factor.

What information must be reported on internal factoring?

The information to be reported on internal factoring includes the accounts receivable details such as debtor information, invoice numbers, amounts, payment terms, and any other relevant details requested by the financial institution or factor.

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