Cashbook Finance
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FCA-registered UK lender FRN 782472 (opens the FCA register in a new tab)

Pay your workers weekly. Get paid monthly.

Turn approved contractor timesheets into funded invoices, so you can pay temporary and contract staff on time every week – while your clients settle on their usual monthly terms.

Start an application

Not sure yet? Check eligibility in 2–3 minutes, or talk to a director.

Reviewed by , Director & CMO.Updated

Illustration

Your cash position · week by week

£20,000 payroll a week · clients on 30-day terms

  1. MonTimesheets in
  2. TueApproved
  3. WedInvoiced
  4. ThuFunded
  5. FriPayroll
Gap without funding
£80,000
Until the client pays
4 weeks
With timesheet finance
Payroll covered
£20,000
Client terms

With £20,000 of weekly payroll and clients on 30-day terms, the gap without funding peaks at £80,000 before the first client payment; with timesheet finance, payroll is covered every week.

Invoices funded as timesheets are approved; payroll covered on Friday. Illustrative only: a 20% margin over pay, 90% advanced and a fee of about 2%. Actual terms vary by agency and end clients.

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The simple version

What is timesheet finance?

Timesheet finance is invoice finance designed for recruitment agencies. Each week, your approved contractor timesheets are converted into invoices and funded straight away, releasing the cash to run your weekly payroll. Your clients then pay on their normal terms. Many facilities also include back-office support – invoicing, payroll and credit control – so a fast-growing temp desk can run without a large admin team.

In short: it eases temp recruitment’s biggest squeeze: weekly payroll before clients pay.

In plain English · Timesheet financeAn invoice finance facility for recruiters. Approved timesheets become funded invoices, advancing the cash to pay contractors weekly. Often bundled with back-office, payroll and credit-control support, and scaling automatically as you place more workers.

Cashbook Finance facts. Cashbook Finance timesheet finance is designed for recruitment businesses with approved timesheets and recurring payroll obligations. Funding availability depends on the underlying timesheet and invoice evidence, end-client quality, concentration, reporting and agreed controls. Terms are assessed case by case.

The benefits

What timesheet finance does for your business.

  • Always make weekly payroll

    Cash is released against timesheets so your contractors are paid on time, every week.

    Smoother, predictable cash flow

    The weekly-pay, monthly-invoice gap that limits agencies simply disappears.

  • Grow without a cash ceiling

    Take on more placements without worrying how to fund the wages before clients pay.

    Funding that scales instantly

    More timesheets means more funding – automatically, with no renegotiation.

  • Back-office handled

    Invoicing, payroll and credit control can be included, freeing you to focus on placing candidates.

    Compete for bigger contracts

    Confidently take on larger clients and rosters, knowing payroll is always covered.

How it works

From approved hours to paid workers.

  1. 1

    Workers submit timesheets

    Monday–Tuesday · approved

    Your contractors’ hours are approved for the week.

  2. 2

    Timesheets become invoices

    Midweek · submitted

    Approved timesheets are turned into funded invoices.

  3. 3

    Payroll funded

    Payroll date · on time

    Cash is advanced so you can pay workers on time.

  4. 4

    Clients pay

    Day 30–90 · monthly terms

    Your clients settle on their normal monthly terms.

With back-office support included, the weekly cycle of timesheets, invoicing and payroll can run almost on its own – so you can concentrate on placements.
Invoice finance for recruitment agencies

The payroll week · facility conditions

Match the facility to the payroll calendar

Approved hours create the evidence base; payroll timing determines when cash is actually needed.

  • Monday–Tuesday Timesheets are collected, checked and approved.

  • Midweek Payroll and invoice files are finalised and eligible invoices are submitted.

  • Payroll date Availability supports the wage run while the end client pays later under its normal terms.

The same weekly cycle works for healthcare staffing and security and cleaning firms.

Who it’s for

Who timesheet finance suits best.

Suitability profile

  • Recruitment agencies

    You place temporary or contract workers and invoice clients for the hours they work.

  • Weekly pay, monthly clients

    You must pay workers every week, but clients pay on 30, 60 or even 90-day terms.

  • Fast-growing temp desks

    Every new placement adds to payroll before the client pays – growth is eating your cash.

  • Heavy back-office load

    Timesheets, invoicing and payroll are taking real time, and you’d value support running them.

  • New or scaling agencies

    You’re building a temp book and need funding and infrastructure that grow with you.

  • Cash flow capping growth

    You’re turning down placements simply because the weekly wage bill outpaces client payments.

Sounds like you? Check eligibility

Before you apply

What we need to review timesheet finance.

“Before recommending timesheet finance, I want to understand approved timesheets, payroll timing and whether the end customer normally pays on time. If that cannot be explained clearly, the structure is probably not ready.”

Endrit BeqajWhat I look for first

Prepare properly

What speeds review

  • Approved timesheets or shift records
  • End-client contracts or assignment details
  • Payroll or contractor payment schedule
  • Aged debtor report and sample invoices
  • Margin and payment-term summary

What slows or weakens the case

  • Unapproved timesheets
  • High churn or unclear assignment evidence
  • Payroll pressure where end-client collection is already weak

Upload them in the client portal, encrypted in transit and at rest

Verify before you share documents. Three independent registers hold the record for this firm. Cashbook Finance Limited is registered with the Financial Conduct Authority under Firm Reference Number 782472. Registered office: Cumberland House, 24–28 Baxter Avenue, Southend-on-Sea, Essex SS2 6HZ. Companies House 10723098: Active · incorporated 2017. ICO register ZB545200. The register links at the top of this page open each official record. All published figures are collected on the company facts page.

Worked example

A week of timesheets.

10 contractors work 40 hours at a £30 hourly charge and are paid £25 an hour on Friday; the client pays in 30 days.

The advance covers payroll from the same week’s timesheets.

A week of timesheets.: the figures
Weekly invoice (10 × 40 hours × £30)£12,000
Friday payroll (10 × 40 hours × £25)£10,000
Advanced within 24–48 hours (90%)£10,800
Discount charge, about 2% for 30 days£240
Paid to you when the client pays£960

Illustrative: a 20% margin over pay, 90% advanced and a fee of about 2%. Employer costs are not shown.

Official sources

Official guidance and legislation on the rules this page refers to. They explain the rules in general; take advice on your own position.

Quick answers

Timesheet finance FAQs.

All invoice finance options Case studies Factoring vs discounting Invoice finance vs business loan Invoice finance in London Recruitment funding

Who is timesheet finance for?

Recruitment agencies that place temporary or contract workers and need to pay them weekly while clients pay on longer terms.

Does it include payroll and admin?

It often can. Many facilities bundle invoicing, payroll and credit control, which is ideal for a growing desk without a large back office.

How does the funding keep up as I grow?

It scales with your timesheets automatically – the more workers you place, the more funding is released, with no need to renegotiate.

How fast is the cash available?

Once timesheets are approved, the corresponding invoices are funded quickly, so the cash is there for your weekly payroll run.

Will it help me take on bigger contracts?

Yes – because payroll is always covered, you can confidently bid for larger rosters and clients you might otherwise have to turn down.

What evidence do you need for each timesheet?

Approved timesheets or client sign-off, the matching invoices and the contract or assignment terms. Clean, consistently approved timesheets make funding faster and availability higher.

Sectors that use timesheet finance

Start an application

Make payroll every Friday, whatever the terms.

Start an application

Not sure yet? Check eligibility in 2–3 minutes, or talk to a director.
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