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• 15:30, 21 March 2023 Lukegao1 talk contribs created page How to Account For Factoring (创建页面，内容为“Factoring is a financial transaction where a company sells its accounts receivables to a third party, known as a factor, at a discount. The factor then assumes responsibility for collecting the debt owed by the customers of the company. Accounting for factoring involves recording the transaction in the company's financial statements in accordance with Generally Accepted Accounting Principles (GAAP). Here are the steps to account for factoring: 1. Identify th…”)