The Factoring Record opens through the New option in the Factoring Records window. The transactions of the contracts accessed through the list of factoring definitions are recorded through this screen.
No |
The number of the factoring record is entered here. It is required to enter information here. |
Date |
The date when the factoring record is entered is entered here. The date entered in the Date field must be earlier than the payment date of the payment and collection transaction selected by Invoice Payment Transactions Transfer. |
Description |
The description of the factoring record is entered here. |
Aux. Code |
The auxiliary code of the factoring record is entered here if any. |
Auth. Code |
The authorization code is entered to apply authority restriction to the factoring record. |
Organizational Unit |
The organizational unit that is selected in the factoring definition is displayed automatically. It is required to enter information in the Organizational Unit field. |
Department |
The department selected in the factoring information is written here. |
Factoring Code |
This is the field where the factoring contract definition specified through the Factoring Definitions screen is selected. It is mandatory. The Invoice Payment Transactions Transfer option in the right click menu or the Transaction menu is activated after the Factoring Code is specified. |
Invoice Information |
The Invoice Information field specifies the Payment and Collection transactions selected by the Invoice Payment Transactions Transfer option. The amount columns are calculated by the rates in the factoring definition selected in the Factoring Code field. Only "Assignment Amount" can be edited. |
Invoice No |
It is the number of the invoice to which the payment and collection transaction is related. |
P/C Transaction No |
It specifies the order number of the payment and collection transactions. |
AR/AP Code |
It specifies the AR/AP code of the related invoice. |
AR/AP Title |
It specifies the AR/AP title of the related invoice. |
TC |
It specifies the value of the invoice in transaction currency. |
Amount |
It specifies the net value of the invoice payment and collection transaction. |
Assignment Amount |
The factoring (assignment) amount is specified here. |
Prepayment Amount |
The prepayment amount is specified here. Prepayment amount is calculated by multiplying the assignment amount by the prepayment rate (%). |
Commission Amount |
The commission amount is specified here. Commission amount is calculated by multiplying the assignment amount by the commission rate (%). |
Commission BITT Amount |
The commission BITT amount is specified here. Commission BITT amount is calculated by multiplying the BITT rate (%) by the commission amount. |
Interest BITT Amount |
The interest amount is specified here. The interest amount is calculated as below: |
Expiry Date |
The expiry date is specified here. The expiry date is specified as below: |
Interest BITT Amount |
The interest BITT amount is specified here. It is specified as below: |
Payment Date |
The payment date of payment and collection transaction is specified here. |
Totals |
The totals of the columns belonging to the transactions in Invoice Information are displayed in the related fields. |