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.