Factoring?

Can someone please explain the concept of factoring to me? This whole maths/accounting thing is like a foreign language!

From Haywards Heath,

Hello

If you are talking about factoring as business finance then i can help, as i have worked in the factoring industry for 9 years.

What exactly do you need to know - as i really dont want to bore you to death with too much information.

Regards

Oakfield