If your system is set up to use Flexible Factoring for Supplier Invoices you can now automate the payment of an invoice to a third party, e.g. a Factoring Agency.

The factor code is displayed on the (F6) automatic allocation screen, (once unsuspended on the form). You cannot select items for more than one factor. If more than one factor has been selected, you are requested to change the selection. This enables invoices and credit notes for the same factor to be linked.

See Also :

• Flexible Factoring:
  • Suppliers
  • Invoices
  • Payments
  • Change Open Item Status
  • Enquiries and Reports
  • Year-End Supplier Cleardown
  • POP Invoices
  • Commercial Papers (Enhanced)
• Suppliers :
  • CIT Details
  • EC VAT Intrastat
  • Supplier Enquiry
  • Supplier Details Report
  • Year End Supplier Cleardown
• Supplier Maintenance :
  • Supplier Codes
  • Multiple Control Accounts
  • Small Firms Indicator
  • Supplier Payment Terms
  • Supplier Stop Status
  • Balance Forward Accounts
  • Analysis Fields
  • HMRC Reference
• AP Invoices and Credit Notes
• AP Cash Entry
• Creating/Generating Payments
• Accounts Payable Enquiries
• Accounts Payable Journals
• POP Invoices
• Purchase Letter of Credit Lifecycle
• Producing Letters of Credit