value of invoice

Turnover will represent the net value of invoiced work or services rendered.

The value of invoiced sales - whether or not the money has been received - minus the direct costs of production.

Invoice finance offers ways to access working capital by unlocking the value of invoices, although interest rates and charges apply on the cash advanced.

For invoice discounting fees are typically between 0.2% and 0.5% of the value of invoices.

In the current economic climate banks will not normally lend more than 50% of the value of invoices and may sometimes only be prepared to lend 20% to 30%.

A factor, by contrast, will usually be willing to advance up to 80% of the value of invoices immediately, with the remainder, minus its fee and interest, when the client's customer settles his bill.

In January 1996 after a plea bargain, Elio Fiorucci was given a suspended jail sentence of 22 months for inflating the value of invoices to increase the value of the company to Carrera at the expense of his creditors.