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<ManualTopic ID="/baanerp/tf/onlinemanual/000428" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">To process factored sales invoices</Title>
		<Keyword><Level1>Factoring</Level1>
			<Level2>sales invoices</Level2>
		</Keyword>
	</Header>
	<GeneralSection><SectionTitle>Factor invoices without recourse</SectionTitle>
		<ProcedureList><ListIntro>If you have an agreement to factor all your sales invoices and without <Link href="/baanerp/tf/glossary/glossary#000425" role="glossary">recourse</Link>, use the following sequence of sessions:</ListIntro>
			<ListItem><GUIRef href="/baanerp/ci/sli/cisli2200m000" role="session">Compose/Print/Post Invoices (cisli2200m000)</GUIRef>. Print the factor's address on the remit-to address of the sales invoice.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/acr/tfacr2212m000" role="session">Send Documents to Factor (tfacr2212m000)</GUIRef>. Select a range of invoices or credit notes and send them to the factor.</ListItem>
			<ListItem>Assign the receipts from the factor to the invoices in the regular way. For factoring without recourse, when the full payment is received from the factor the status of the factored document is automatically changed to <GUIRef href="/baanerp/tf/domains/acr.stat#sett" role="enum">Settled</GUIRef>.</ListItem>
		</ProcedureList>
		<Paragraph>When you send invoices to the factor in the <GUIRef href="/baanerp/tf/acr/tfacr2212m000" role="session">Send Documents to Factor (tfacr2212m000)</GUIRef> session, for each selected document, SSA ERP checks the total amount fo the selected invoices against the business partner's credit limit. Only invoices/ credit notes within the credit limit that you defined in the <GUIRef href="/baanerp/tf/acr/tfacr0116m000" role="session">Pay-by Business Partners By Factor (tfacr0116m000)</GUIRef> session are automatically selected. To increase the number of documents that can be factored within the credit limit, SSA ERP first selects the credit notes and negative invoices from the specified range.</Paragraph>
		<Paragraph>For details about the financial postings, refer to <Link href="/baanerp/tf/onlinemanual/000425" role="manual">Factoring without recourse</Link>
		</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Factor individual invoices without recourse</SectionTitle>
		<ProcedureList><ListIntro>If you have an factor individual sales invoices after they have been invoiced and without <Link href="/baanerp/tf/glossary/glossary#000425" role="glossary">recourse</Link>, use the following sequence of sessions:</ListIntro>
			<ListItem><GUIRef href="/baanerp/tf/acr/tfacr2210m000" role="session">Assign Factor to Documents (tfacr2210m000)</GUIRef>. Assign ranges of invoices or credit notes to a factor.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/acr/tfacr2211m000" role="session">Assign Factor to Specific Documents (tfacr2211m000)</GUIRef>. You can optionally use this session to view the documents selected in the <GUIRef href="/baanerp/tf/acr/tfacr2210m000" role="session">Assign Factor to Documents (tfacr2210m000)</GUIRef> session, and to refine the selection.</ListItem>
			<ListItem>Manually notify the customer that he must make the payment to the factor.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/acr/tfacr2212m000" role="session">Send Documents to Factor (tfacr2212m000)</GUIRef>. Send a range of invoices to the factor.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/acr/tfacr2215m000" role="session">Send Specific Documents (tfacr2215m000)</GUIRef>. You can optionally use this session to refine the selection of invoices that must be sent to the factor.</ListItem>
			<ListItem>Assign the receipt from the factor to the invoices in the regular way. For factoring without recourse, when the full payment is received from the factor the status of the factored document is automatically changed to <GUIRef href="/baanerp/tf/domains/acr.stat#sett" role="enum">Settled</GUIRef>.</ListItem>
		</ProcedureList>
		<Paragraph>For details about the financial postings, refer to <Link href="/baanerp/tf/onlinemanual/000425" role="manual">Factoring without recourse</Link>
		</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Factor sales invoices with recourse</SectionTitle>
		<ProcedureList><ListIntro>If factoring is with <Link href="/baanerp/tf/glossary/glossary#000425" role="glossary">recourse</Link>, use the following sequence of sessions:</ListIntro>
			<ListItem><GUIRef href="/baanerp/ci/sli/cisli2200m000" role="session">Compose/Print/Post Invoices (cisli2200m000)</GUIRef>. Print the factor's address on the remit-to address of the sales invoice.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/acr/tfacr2212m000" role="session">Send Documents to Factor (tfacr2212m000)</GUIRef>. Select a range of invoices or credit notes and send them to the factor.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/acr/tfacr2215m000" role="session">Send Specific Documents (tfacr2215m000)</GUIRef>. You can optionally use this session to refine the selection of invoices that must be sent to the factor.</ListItem>
			<ListItem>Wait for notification from the factor.</ListItem>
		</ProcedureList>
		<List><ListIntro>Depending on the situation, continue with one of the following actions:</ListIntro>
			<ListItem>If the customer has paid, you can settle the invoice.</ListItem>
			<ListItem>If the customer fails to paid, you must repay the factor.</ListItem>
		</List>
		<ProcedureList><ListIntro>To settle the invoice:</ListIntro>
			<ListItem><GUIRef href="/baanerp/tf/cmg/tfcmg2105s000" role="session">Assign Unallocated/Advance Receipts to Invoices (tfcmg2105s000)</GUIRef>. Assign the <Link href="/baanerp/tf/glossary/glossary#000430" role="glossary">advance payments</Link> to the invoices if this was not already done.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/cmg/tfcmg6200m000" role="session">Settle, Repay/Unfactor Factored Invoices (tfcmg6200m000)</GUIRef>. Settle the factored invoice and reverse the entries that create a provision to repay the factor.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/cmg/tfcmg6100m000" role="session">Settle,Repay/Unfactor Specific Invoices (tfcmg6100m000)</GUIRef>. You can optionally use this session to refine the selection of documents to be settled.</ListItem>
		</ProcedureList>
		<Paragraph>For details about the financial postings, refer to <Link href="/baanerp/tf/onlinemanual/000424" role="manual">Factoring with recourse</Link>
		</Paragraph>
		<ProcedureList><ListIntro>To repay the factor:</ListIntro>
			<ListItem><GUIRef href="/baanerp/tf/cmg/tfcmg6200m000" role="session">Settle, Repay/Unfactor Factored Invoices (tfcmg6200m000)</GUIRef>. Create a credit note for the amount due to the factor. This amount is the amount paid by the factor on the unpaid invoices.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/cmg/tfcmg6100m000" role="session">Settle,Repay/Unfactor Specific Invoices (tfcmg6100m000)</GUIRef>. You can optionally use this session to refine the selection of documents before they are processed. If you selected the <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.cadn" role="formfield">Create debit notes while repaying</GUIRef> check box in the <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000" role="session">CMG Parameters (tfcmg0100s000)</GUIRef> session, SSA ERP creates a debit note for the <Link href="/baanerp/tf/glossary/glossary#000435" role="glossary">original pay-by business partner</Link>. If this check box is cleared,SSA ERP reopens the original invoice.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/cmg/tfcmg6201m000" role="session">Repay Advances (tfcmg6201m000)</GUIRef>. Repay the advance payments that you received from the factor and that are related to the unpaid invoices.</ListItem>
			<ListItem><GUIRef href="/baanerp/tf/cmg/tfcmg6211m000" role="session">Specified Advances (tfcmg6211m000)</GUIRef>. You can optionally use this session to refine the selection of advances to be repaid that you generated in the <GUIRef href="/baanerp/tf/cmg/tfcmg6201m000" role="session">Repay Advances (tfcmg6201m000)</GUIRef> session</ListItem>
		</ProcedureList>
		<Paragraph>For details about the financial postings, refer to <Link href="/baanerp/tf/onlinemanual/000424" role="manual">Factoring with recourse</Link>
		</Paragraph>
	</GeneralSection>
	<RelatedTopics><SectionTitle>Related topics</SectionTitle>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000420" role="manual">Factoring</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000422" role="manual">To set up factoring of accounts payables</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000424" role="manual">Factoring with recourse</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000425" role="manual">Factoring without recourse</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tf/onlinemanual/000426" role="manual">Factoring - receipts</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
