Invoice submissions
Pick the invoices you are factoring and prepare the submission for your factor, with a schedule you can send them.
Factoring
Factor invoices without losing track of them
Prepare submissions for your factoring company, keep the notice of assignment with the customer, and see what each factored invoice really cost you.
Included from the Essentials plan
| Invoice | Amount | Fee |
|---|---|---|
| INV-10471 | 2,640.00 | 79.20 |
| INV-10474 | 3,105.00 | 93.15 |
| INV-10477 | 1,980.00 | 59.40 |
| INV-10480 | 4,215.00 | 126.45 |
| Schedule total | 11,940.00 | 358.20 |
Schedule prepared
Factoring that stays connected to your receivables
Notice of assignment
Keep the notice of assignment on file for each customer, so everyone knows where that customer should be paying.
Factoring fees
Record the fee on each factored invoice so the cost of factoring shows up in your numbers instead of disappearing into a deposit.
Factoring reports
See which invoices are factored and what the fees came to, so the cost of factoring is never a guess.
Same invoices as always
You factor the invoices you already created from loads, so each one stays tied to its load and its customer.
You stay in charge
You choose which invoices to factor and when. Nothing is sent to a factor until you send it.
Works with the factor you use
You prepare the submission in TruckerPro, send it through the channel your factor uses, and record what they advance and charge. That keeps it working with whichever factor you use today, and with the next one if you switch.
Recording a schedule takes a few minutes. In return, every factored invoice, fee and assignment sits next to the rest of your receivables, where you and your accountant can see it.
Know what factoring costs
Factoring fees are easy to lose: the factor deducts them and deposits the rest. Recording the fee against each invoice means your load margin and profit views show the real cost of getting paid early.
If you are weighing factoring against waiting on terms, look at your factoring fees alongside your A/R aging, then decide which customers are worth factoring at all.
How it works
A factoring run in four steps
- 1
Invoice the loads
Create invoices as usual from delivered loads.
- 2
Prepare the schedule
Select the invoices to factor and prepare the submission.
- 3
Send it to your factor
Send the schedule and documents the way your factor asks.
- 4
Record the advance and fee
Enter what was advanced and the fee, and the reports update.
Factoring is included from Essentials
Starter
Invoice loads, collect payments and settle with drivers.
$30$24/mo
Billed monthly, CAD
$30$18/mo
$216 billed yearly, CAD
US$27US$21.60/mo
Billed monthly, USD
US$27US$16.20/mo
US$194.40 billed yearly, USD
Includes:
- Load invoices with PDF and email
- Custom and recurring invoices
- Customer statements and credit notes
- Payment recording and bulk payments
- A/R aging, refreshed daily
- Customer portal with online card payment
- Driver settlements and pay statements
- AI tools
Essentials
Add bills, IFTA, factoring and owner-operator pay.
$65$52/mo
Billed monthly, CAD
$65$39/mo
$468 billed yearly, CAD
US$58.50US$46.80/mo
Billed monthly, USD
US$58.50US$35.10/mo
US$421.20 billed yearly, USD
Includes this feature
Everything in Starter, plus:
- Bills, recurring bills and vendor credits
- Batch payments to vendors
- AI scan of vendor invoices into draft bills
- IFTA quarterly reports with official tax rates
- Fuel card feeds and file imports
- Factoring submissions and fee tracking
- Owner-operator statements with deductions
- Truck units, load margin and per-truck P&L
Plus
Connect your books, your bank and both currencies.
$110$88/mo
Billed monthly, CAD
$110$66/mo
$792 billed yearly, CAD
US$99US$79.20/mo
Billed monthly, USD
US$99US$59.40/mo
US$712.80 billed yearly, USD
Includes this feature
Everything in Essentials, plus:
- Sync with QuickBooks Online, Xero, Sage Business Cloud Accounting or Wave
- Bank and credit card accounts with statement import
- Cheque printing with MICR line
- Matching rules and reconciliation reports
- CPA-005 EFT files for your Canadian bank
- CAD and USD with Bank of Canada rates
- GST/HST return worksheet
- Driver expenses with receipt scanning
Advanced
Run Canadian payroll and keep a full general ledger.
$220$176/mo
Billed monthly, CAD
$220$132/mo
$1,584 billed yearly, CAD
US$198US$158.40/mo
Billed monthly, USD
US$198US$118.80/mo
US$1,425.60 billed yearly, USD
Includes this feature
Everything in Plus, plus:
- Canadian payroll source deductions
- Office staff payroll and PD7A remittances
- T4, T4A, ROE and T619 XML for CRA upload
- US W-2 and 1099-NEC forms
- General ledger, journals and period close
- Trial balance, balance sheet and income statement
- Multi-company consolidation
Prices are per company, per month, before tax. Taxes are extra. The struck-through figure is the list price. Yearly plans are billed once for twelve months. US dollar prices are for companies based in the United States; checkout shows the currency and amount you will be charged.
Questions, answered
Which plan includes factoring?
Essentials and above.
How do I send invoices to my factor?
Prepare the submission and its schedule of accounts in TruckerPro, send them the way your factor asks, then record the advance and fee when the factor pays.
Can I use any factoring company?
Yes. Because nothing is wired to a particular factor, you can use the one you have today.
Where do I keep the notice of assignment?
On file in TruckerPro with the customer it applies to.
Bring your factored invoices into the books.
Pick a plan, connect what you already use, and invoice your next load from TruckerPro.