<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tf/onlinemanual/000421" xml:lang="en">
   <Header>
      <Title>To set up factoring of accounts receivable</Title>
      <Keyword type="header" order="d1e1638452">
         <Level1>Factoring</Level1>
         <Level2>set up accounts receivable</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <ProcedureList>
         <ListIntro>To set up factoring of your sales invoices, use this sequence
		  of sessions:</ListIntro>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/gld/tfgld0503m000" role="session">Company Parameters (tfgld0503m000)</GUIRef>
         </ListItemHead>
         <ListItem>To factor the accounts receivables that are processed through
		  the current financial company, select the <GUIRef href="/baanerp/tf/gld/tfgld0503m000#tfgld004.infa" role="manual">Factor Invoices</GUIRef> check box. In a multicompany
		  structure, you must do this for every financial company in which you want to
		  use factoring.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/acr/tfacr0500m000" role="session">ACR Parameters (tfacr0500m000)</GUIRef>
         </ListItemHead>
         <ListItem> 
            <List>
               <ListIntro>Define the transaction types for factoring without
				recourse and for factoring with recourse. The transaction types must be of
				these categories:</ListIntro>
               <ListItem>For <GUIRef href="/baanerp/tf/acr/tfacr0100s000#tfacr000.ftyp" role="manual">Send With Recourse</GUIRef>, use <GUIRef href="/baanerp/tf/domains/gld.catg#journals" role="option">Journal Vouchers</GUIRef>.</ListItem>
               <ListItem>For <GUIRef href="/baanerp/tf/acr/tfacr0100s000#tfacr000.tynr" role="manual">Send Without Recourse</GUIRef>, use <GUIRef href="/baanerp/tf/domains/gld.catg#sales.inv" role="option">Sales Invoices</GUIRef>.</ListItem>
            </List>
         </ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/acr/tfacr0111m000" role="session">Ledger Accounts by Business Partner Group (tfacr0111m000)</GUIRef>
         </ListItemHead>
         <ListItem>Select a ledger account and dimensions for the <GUIRef href="/baanerp/tf/domains/acr.tran#factored" role="option">Invoice Factored</GUIRef> type of transaction.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000" role="session">CMG Parameters (tfcmg0100s000)</GUIRef>
         </ListItemHead>
         <ListItem> 
            <List>
               <ListIntro>On the <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg.fact" role="groupbox">Factoring</GUIRef> tab, enter this data:</ListIntro>
               <ListItemHead>
                  <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000#cmg.comm" role="groupbox">Commission</GUIRef>
               </ListItemHead>
               <ListItem>
                  <Link href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.fcac" role="formfield">Ledger Account</Link>.</ListItem>
               <ListItemHead>
                  <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000#cmg.cngt" role="groupbox">Contingent Liability</GUIRef>
               </ListItemHead>
               <ListItem>
                  <Link href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.clac" role="formfield">Ledger Account</Link>.</ListItem>
               <ListItemHead>
                  <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000#tfacp.general" role="groupbox">General</GUIRef>
               </ListItemHead>
               <ListItem>
                  <Paragraph>
                     <Link href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.fcpp" role="formfield">Commission on Partial Payments</Link>
                  </Paragraph>
                  <Paragraph>
                     <Link href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.cadn" role="formfield">Create debit notes while repaying</Link>
                  </Paragraph>
               </ListItem>
               <ListItemHead>
                  <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000#cmg000.ttyp" role="groupbox">Transaction Types</GUIRef>
               </ListItemHead>
               <ListItem>
                  <Paragraph>
                     <Link href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.rtyp" role="formfield">Re-open/Unfactor Invoices</Link>
                  </Paragraph>
                  <Paragraph>
                     <Link href="/baanerp/tf/cmg/tfcmg0100s000#tfcmg000.tsfr" role="formfield">Settle/Unfactor Recourse Invoices</Link>
                  </Paragraph>
               </ListItem>
            </List>
         </ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tc/com/tccom4100s000" role="session">Business Partner (tccom4100s000)</GUIRef>
         </ListItemHead>
         <ListItem>Define each factor as a business partner and select the <GUIRef href="/baanerp/tc/com/tccom4100s000#tccom100.fact" role="manual">Factor</GUIRef> check box. You must define the invoice-to and
		  pay-by roles for the business partner.</ListItem>
         <ListItemHead>
            <GUIRef href="/baanerp/tf/acr/tfacr0116m000" role="session">Pay-by Business Partners By Factor (tfacr0116m000)</GUIRef>
         </ListItemHead>
         <ListItem>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.</ListItem>
      </ProcedureList>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tf/onlinemanual/000423" role="manual">Factoring of accounts receivables</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tf/onlinemanual/000430" role="manual">Bank reference numbers</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>