Our clients who use Quickbooks® can create their invoices offline in Quickbooks® and use our exclusive technology to connect their
Quickbooks® to our server and upload their Quickbooks® invoice data to our server and, thereby, participate in our Factoring Extranet.
One of the outstanding features is our Automated Quickbooks® Adjusting Journal Entry Technology. An imbalance is created whenever a factoring client
creates invoices in Quickbooks®, and then factors the invoices. The reason is that factoring is the sale of the account receivable asset in
exchange for some initial cash. To correct the imbalance, adjusting journal entries must be posted to the accounting system. Most factoring clients
don't know how to do this, and their books remain out of balance until their accountant gets around to posting an adjusting journal entry, which is
usually once a year. During the interim, however, the books remain out of balance.
The Solution
21st Capital Corp recognizes this problem, and is the only factoring company to offer free accounting assistance to correct these imbalances on an on-going
basis so that its clients' Quickbooks® is always in balance. We have written a free, one-click exclusive solution. If you are a
Quickbooks® user, just click a link on our website and our software will automagically write the adjusting journal entries to your
Quickbooks® and it will always be in balance.
