<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tf/onlinemanual/000428" xml:lang="en">
   <Header>
      <Title>To process factored sales invoices</Title>
      <Keyword type="header" order="d1e1670440">
         <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="option">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, LN 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, LN 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="option">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="manual">Create debit notes while repaying</GUIRef> check box in the <GUIRef href="/baanerp/tf/cmg/tfcmg0100s000" role="session">CMG Parameters (tfcmg0100s000)</GUIRef> session, LN 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, LN 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">Reverse Charge Mechanism</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>