Invoice Factoring

This module allows you to account correctly for sales invoices which have been assigned to a factor. Among its features are:

• Factored reference plus assignment message can be printed on sales invoices
• Automatic generation of Factoring Current and Control accounts plus expense nominals for admin and discount charges
• Batch Factored Invoice transaction prints schedule of factored invoices and automatically posts totals to the factoring control accounts
• Separate transactions for prepayments, admin and discount charges