# Timesheet Finance UK for Recruiters Source: https://www.cashbookfinance.co.uk/timesheet-finance Last updated: 2026-10-31 Publisher: Cashbook Finance Limited > Timesheet finance for UK recruitment businesses funding weekly temporary-worker or contractor payroll while approved client invoices are paid later. FCA-registered UK lender FRN 782472 ## 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](https://www.cashbookfinance.co.uk/apply?product=invoice) Not sure yet? [Check eligibility](https://www.cashbookfinance.co.uk/eligibility) in 2–3 minutes, or [talk to a director](https://www.cashbookfinance.co.uk/book-call). Illustration Your cash position · week by week £20,000 payroll a week · clients on 30-day terms - **Mon** · Timesheets in - **Tue** · Approved - **Wed** · Invoiced - **Thu** · Funded - **Fri** · Payroll - **Gap without funding** £80,000 - **Until the client pays** 4 weeks - **With timesheet finance** Payroll covered Weekly payroll £20,000 Client terms 30 60 90 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. Check eligibility The simple version ### What is timesheet finance? Timesheet finance is invoice finance designed for [recruitment agencies](https://www.cashbookfinance.co.uk/sector-recruitment). 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 finance** · An 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 #### Workers submit timesheets Monday–Tuesday · approved Your contractors’ hours are approved for the week. 2 #### Timesheets become invoices Midweek · submitted Approved timesheets are turned into funded invoices. 3 #### Payroll funded Payroll date · on time Cash is advanced so you can pay workers on time. 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](https://www.cashbookfinance.co.uk/insights/invoice-finance-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](https://www.cashbookfinance.co.uk/sector-healthcare) and [security and cleaning](https://www.cashbookfinance.co.uk/sector-security-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](https://www.cashbookfinance.co.uk/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 Beqaj](https://www.cashbookfinance.co.uk/endrit-beqaj)What I look for first ##### Prepare properly - [**Timesheet finance checklist** · Preparation PDF · Use this before applying so the first conversation is specific rather than exploratory.](https://www.cashbookfinance.co.uk/downloads/timesheet-finance-checklist.pdf) - [**What to prepare** · Application prep · A cross-product guide to references, evidence and secure document submission.](https://www.cashbookfinance.co.uk/downloads/application-preparation-guide.pdf) - [**Pricing and decisions** · Decision context · Review the commercial factors that affect pricing, availability and structure.](https://www.cashbookfinance.co.uk/pricing-decisions) ##### 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](https://www.cashbookfinance.co.uk/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. - **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 - [Conduct of Employment Agencies and Employment Businesses Regulations 2003](https://www.legislation.gov.uk/uksi/2003/3319/contents) · legislation.gov.uk 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](https://www.cashbookfinance.co.uk/invoice-finance) · [Case studies](https://www.cashbookfinance.co.uk/case-studies) · [Factoring vs discounting](https://www.cashbookfinance.co.uk/insights/factoring-vs-invoice-discounting) · [Invoice finance vs business loan](https://www.cashbookfinance.co.uk/insights/invoice-finance-vs-business-loan) · [Invoice finance in London](https://www.cashbookfinance.co.uk/invoice-finance-london) · [Recruitment funding](https://www.cashbookfinance.co.uk/sector-recruitment) **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 - [Recruitment finance](https://www.cashbookfinance.co.uk/sector-recruitment) · Sector - [Healthcare finance](https://www.cashbookfinance.co.uk/sector-healthcare) · Sector - [Security & cleaning finance](https://www.cashbookfinance.co.uk/sector-security-cleaning) · Sector Start an application ### Make payroll every Friday, whatever the terms. [Start an application](https://www.cashbookfinance.co.uk/apply?product=invoice) Not sure yet? [Check eligibility](https://www.cashbookfinance.co.uk/eligibility) in 2–3 minutes, or [talk to a director](https://www.cashbookfinance.co.uk/book-call). Introducing a client? [Work with us as an intermediary](https://www.cashbookfinance.co.uk/intermediaries). --- Cashbook Finance. Cashbook Finance Limited is registered with the Financial Conduct Authority under Firm Reference Number 782472. Company number 10723098. Registered office: Cumberland House, 24–28 Baxter Avenue, Southend-on-Sea, Essex SS2 6HZ. Registered with the Information Commissioner’s Office under reference ZB545200. All finance is subject to eligibility, satisfactory due diligence, credit approval and agreed terms. Invoice finance, trade finance and bridging finance may not be suitable for every business. The availability, structure, amount, pricing, fees, security requirements and completion timescales of any facility will depend on the applicant’s circumstances, the quality of the supporting evidence provided and our assessment of the proposed transaction. Any figures, examples, rates or timescales shown on this website are for illustrative purposes only and do not constitute an offer, commitment or guarantee of finance. Terms and conditions apply. Bridging finance is secured against property. Your property may be repossessed if you do not maintain repayments on a loan secured against it. Applicants should obtain independent legal, financial and tax advice where appropriate.