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Tailored cash flow facility for accountants, Abacus provides a working capital line equal to 75% of your outstanding invoices to business/corporate clients both at commencement and on an ongoing basis.
As soon as your clients have paid in full and we have cleared funds. we will get the remaining 25% balance. Designed specifically for accountants and operating on an administratively simple basis. Abacus is completely confidential.
Abacus is simply a cost effective modern alternative to conventional
bank overdraft/loan funding utilising funds tied up in your sales ledger. Usually funding will be against all invoices up to 90 days old for creditworthy business clients.
You continue to deal directly with your Clients who will be unaware of our involvement.
Automated (BACS) payments should be directed straight to your nominated Abacus account which is held with us. Cheques will be received by you and should be paid into the same nominated Abacus Account.
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