Handling freight bills and factoring

[cmc]

How do trucking companies handle freight bills and factoring?

[Damian]

For freight bills, it’s all about accuracy and timeliness. You need to make sure invoices are accurate and sent out as soon as the delivery is completed. Delays or mistakes can mess with cash flow and customer satisfaction.

[Mile Maker]

Factoring is a game-changer for managing cash flow. Instead of waiting 30, 60, or even 90 days for a customer to pay, you sell the invoice to a factoring company. They give you most of the money upfront, which helps keep operations running smoothly without waiting forever for payments.

[Accitivy]

But, you gotta be careful with factoring fees. They can add up and eat into your profits. It's important to shop around and understand the terms before choosing a factoring company. Some might have hidden fees or strict requirements that can catch you off guard.