09 Dec
Purchase Order Financing (Steps) | CA Final SFM
- Receive a purchase order form your customer.
- Obtain a proposal from the supplier regarding the estimates.
- Apply for PO financing and obtain approval from POF Co.
- The Supplier is paid by the POF Co.
- The Supplier fulfills the Customer’s order and deliver goods.
- Invoice the Customer for fulfilled order.
- The Customer directly pays to the POF Co.
- The POF Co. remits the balance to you (After deducting its principal and interest)
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