| To set up factoring of accounts receivableTo set up factoring of your sales invoices, use this 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
these 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 type of transaction. CMG Parameters (tfcmg0100s000) On the Factoring tab, enter this data: Commission Contingent Liability General Transaction Types
Business Partner (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.
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