HomeFinanceThursday, February 21, 2019, 15:22:36

Tuesday, June 26, 18, 10:21:33, 9 Months Ago Via Hemsanthomas In Finance

Rated 0 out of 5 stars based on 0 reviews.
Hits: 1

Searching for fee finance service in Australia? Contact Client Finance for professional fee finance for accounting, accountants and legal firms.

Often Professional Fee Funding and debtor financing are confused. In fact, there are many differences, so keep reading to understand more about Professional Fee Funding. Simply, it is often described as FeePay, a short-term cash flow funding product that is aimed at professional service firms and their clients. It gives clients the option of choosing between direct debit, credit card, or BPAY as well as single lumpsum payments or multiple instalments. They can easily split the professional fees into various smaller chinks.

Normally, any client will pay a fixed interest charge and some kind of fee to establish the Professional Fee Funding. This can all be agreed and discussed upfront, which allows a real partnership to be created. There are some real benefits for professionals. They will often see their debtor management costs reduced and the amount of outstanding invoices will drop down. It also gives their clients another option to choose from. It shows they are flexible and understanding of clients’ needs by offering Professional Fee Funding.

Ultimately, it enables more clients to access their work, which will only improve their reputation and increase word of mouth recommendations. Overall, it gives any professional a real advantage over competition and a reason for people to choose their services over those of others. There are also a number of benefits for clients as well.

Firstly, and most obviously, it will help their cash flow, by being able to opt to pay these fees over a longer period of time. It essentially frees up more of this cash to be invested elsewhere, perhaps to help grow the business. It is also often seen to help clients with their cash flow discipline, and it also gives an extra line of credit for their business. So that’s a little bit about Professional Fee Funding, but if you are still wondering how it is different from debtor financing, we can explain using three clear reasons:

1. There are no discounts

With debtor financing the accounts receivable ledger is finances by the accountant at their own cost. Whereas Professional Fee Funding allows the accountant to receive payments in full for their invoices every time.

2. There is choice

There is much more flexibility with Professional Fee Funding. For example, clients can pay their invoice in various levels of instalments if they want to. That way clients can choose an option that suits them and allows them to be in control and be open and transparent with their accountant. On the other hand, for those people who take advantage of this, they may often pay late, which is difficult.

3. Accountants can choose as well

Accountants are free to decide themselves which clients they offer the option of Professional Fee Funding. That is great, as no one solution suits every client. In stark contrast, debtor financing leaves the accounts receivable ledger totally in the hands of the debtor, which gives accountants and their clients absolutely no control.

Client Finance helps Fee Payment For Accountants and law firms. Contact our friendly team today, and we’ll work with your Accountant and Law Firm or Insurance provider to arrange the funding for your invoices and set up a payment plan that works for your business.


Sign In

About Author
Hemsan thomas
Date Registered: Mon, Feb 12, 2018
Last Time Online: Sat, Feb 16, 2019
So far has created 110 entries.
Brother TN450: The Only Low-Cost Toner With High Page Yield

Related Articles

Like some other people, probably your home is the greatest investment you have done in your lifetime. A wonderful way to increase this investment is to landscape your garden or yard. Once more, if you are like some other people, you can have just small information regarding the landscaping principles thus it can be a wonderful idea to hire a Saratoga Landscape Design company rather than try to make a design manually. It is confirm that we can’t design what exactly a professional archi...

Mar 15, 18, 1 Year Ago Via Lucablake In Business

Key Benefits of Using a Professional Airport Transfer Service

There are different factors involved in traveling that can get a person anxious and frustrated. The vacation is no different from the business trip when it comes to the level of stress and anxiety involved. However, by proper planning and execution, you can save your time and energy. An airport service can save you from the hassle of driving to the airport. Hiring an airport transport service comes with various benefits, therefore, choosing a reputable airport transfer company is your best optio...

Mar 15, 18, 1 Year Ago Via jamesjohn7289 In Business

A busted garage door might be an exceptionally inconvenient issue genuinely. Even so, as ironic mainly because it sounds, often the mend approach may be relatively inconvenient, notably if you did not go with a commendable service provider. Horror stories of start-up responsibilities and over-pricing have directed a lot of website visitors to try to fix their own personal troubles by them selves. As an alternative to allowing a professional does it. Even though garage doorway mend Independence, ...

Mar 9, 18, 1 Year Ago Via Whibther In Home and Family

Professional or the Emergency Dentist are normally appraised on particular criteria that assess their administration and skill. Case in point, they may be appraised for their support, simplicity of reliability, hold up time, level of trust, staff, amicability, arrangement, listening abilities, office environment, learning, time went through with costs, patient and things of that nature. Dentist appraisals sites additionally You can utilize such sites to discover the Emergency Dentist Houston i...

Mar 10, 18, 1 Year Ago Via dentistinhouston In Business

Starting a business does not necessarily means that you just need a good business idea and things will turn out fine. You need a good funding source as well to compliment that good idea to get your business up and running. The funds that you need to start, maintain and grow your business have to come from various sources which can vary from time to time and situation to situation. A right business fund at the most appropriate time can propel your business into full flight, if not then it can be ...

Mar 10, 18, 1 Year Ago Via businesswork In Finance

Low Price Process Server Process Server Express had been serving legal industry for more than 10 years. Our expertise in process server is second to none. We pride of how we service our customer with honesty and dignity. Our professional process server staff give first priority to our client as " King" . We understand that every document that is being served is very important to the legal procedure and we make sure that its deliver in a timely manner according to the court guideline. We guarant...

Mar 12, 18, 1 Year Ago Via insafali737 In Business

Online educator in NigeriaREADWELL LETS YOU MEET ACADEMIC TUTORS, SKILL TRAINERS AND SHOP FOR BOOKS AT YOUR CONVENIENCE.WHY USE READWELLReadwell inverts the process of learning by making virtual learning student-oriented, allowing students track their performance through a range of analytics and assessment tools we provide. This inverted learning ideology helps student gain mastery of a subject matter, and perform optimally at exams.Professional Tutors in NigeriaCarefully Selected tutors We have...

Mar 12, 18, 1 Year Ago Via insafali737 In Business

Today a lot of people face harassment at place of work and need counselling. Counselling is done by trained professional who dedicate effort and time. Many of the counsellors have set up counselling packages for different varieties of counselling. The packages include counselling for youth and children besides couple counselling, family counselling and a lot more. The counselling packages have a validity period.There are different types of counselling packages and the fees for the counselling pa...

Mar 13, 18, 1 Year Ago Via Thecounselling In Marketing

Tag Cloud