| To set up factoring of accounts receivables |  |
| To set up factoring of your sales invoices, use the following sequence of sessions: Company Parameters (tfgld0503m000) To factor the accounts receivables that are processed through the current financial company, select the Factor Invoices check box. In a multicompany structure, you must do this for every financial company in which you want to use factoring. ACR Parameters (tfacr0500m000) Define the transaction types for factoring without recourse and for factoring with recourse. The transaction types must be of the following categories: For Send With Recourse, use Journal Vouchers. For Send Without Recourse, use Sales Invoices. Ledger Accounts by Business Partner Group (tfacr0111m000) Select a ledger account and dimensions for the Invoice Factored kind of transaction. CMG Parameters (tfcmg0100s000) On the Factoring Details tab, enter the following data: Ledger Account. Commission on Partial Payments: Define way in which you want to calculate and post the factoring commission on partial payments. Ledger Account. Create debit notes while repaying. To create debit notes, select this check box. To reopen the unpaid invoices, clear this check box. Re-open/Unfactor Invoices. Settle/Unfactor Recourse Invoices. Business Partners (tccom4100s000) Define each factor as a business partner and select the Factor check box. You must define the invoice-to and pay-by roles for the business partner. Pay-by Business Partners By Factor (tfacr0116m000) Assign pay-by business partners to a factor. You can assign a pay-by business partner to more than one factor, and you can indicate one of the factors as the default factor for the business partner. Related topics Factoring of accounts receivables Bank reference numbers Factoring with recourse Factoring without recourse Factoring - receipts |