This revolutionary application is a first in the factoring industry. Learn how to create your invoices in Quickbooks® offline, and upload
your invoice data to our server. It's like we are all sharing the same virtual office. Also, we display, on your "Wires" web page, the correct
entries you should manually post into Quickbooks® to adjust for the factoring activity and keep your books in balance. No other factoring
company offers this free service.
Why you should enter factoring adjustments
If you create invoices using an accounting system, such as Quickbooks®, and then factor the invoices, your accounting system will be
immediately out of balance. Your accounting system and your Balance Sheet will reflect an increase in both accounts receivable and cash (your
factoring advance). The result is a doubling in assets and net worth. Since this is not true, and results from your accounting system not knowing
about the factoring transactions. So, adjusting entries must be posted - a job usually done by the company accountant, which can be costly. 21st
Capital Corp provides the proper accounting adjustments, free of charge.
Learn how to free yourself, your workers and their managers or supervisors from paper timesheets. But it's so much more than that. Since the
timesheet data represents most of the data that makes up staffing invoices, you will, essentially outsource your billing time to your
workers by using this amazing application. This will free you up for the most important aspects of you business: sales, training and worker and
client relations.
Quickbooks® Users
You can do all everything Non-Quickbooks® Users can do, plus you can do the following:
Import your workers' time data from our website into your Quickbooks®
Create your invoices offline in Quickbooks® using the imported time data
Upload the Quickbooks® offline invoice data to our server
Use our One-Click Quickbooks® automated journal entry adjustment technology to balance Quickbooks®
