hi,
if anyone have been explored Factoring functionlaity( Receavable as well as payable) please guide me , if any doucment related to this please attached.

regards
ashok sharma

Factoring is where your supplier has sold their receivables to a bank, when you pay the supplier invoice (instead of remitting to the supplier) you send the check to the bank.

On the receivables side, you have sold your receivables to a bank and your customer will remit to the bank.

Normally the sale to the bank is at a steep discount. Also depends if the receivables sold are with or without recourse.

If you need further information, let me know and what you are considering doing?

hi friend,

thanks for respond, actully i want to know what steps i have to follow to do the without recource factoring in LN.6.1, like what parametar i have to set, what master data to create , and process should i follow to execute the functionality.


ashok sharma

I will send you some documentation this weekend

hi friend,

thanks for post, please send me these documents on my gmail account that is ashok.msl@gmail.com


ashok sharma

Hi jimbacon44,

Is it possible to have your documentation concerning factoring, please ?
Regards

Hi Experts,

Please also send me the documents @ emial id charu.bhandari1@gmail.com

Thanks & Regards
Chitaranjan Singh Bhandari

LN online help on Factoring is quite good, if u have a basic idea of factoring.
Simulate it for ACR & ACP with simple journal entries.

Will send u complete flow with screen shots if possible, shortly in LN.

Naya

Hi Nayauser,

Few times i have seen that the quality of LN's online help is not the same between 2 distinct versions.

May be can you post your FP7 online help concerning this part

Thank you for your help
Regards

Factoring is where your supplier has sold their receivables to a bank, when you pay the supplier invoice (instead of remitting to the supplier) you send the check to the bank.

On the receivables side, you have sold your receivables to a bank and your customer will remit to the bank.

Normally the sale to the bank is at a steep discount. Also depends if the receivables sold are with or without recourse.

If you need further information, let me know and what you are considering doing?

Hello,

I am new here. We work with BaaN IV. This year we are going to use the factoring functionality (receivables side) too. Please be so kind as to help me concerning this problem.

Thank you in advance,

Helena