Settle,Repay/Unfactor Specific Invoices (tfcmg6100m000)

Use this session to refine the selection of documents to be settled or repaid that results from the selection criteria you entered in the Settle, Repay/Unfactor Factored Invoices (tfcmg6200m000) session.

If you click Process All Pay-by BP, LN performs the following actions:

  • For the documents to be settled, LN enters the postings to reverse the entries on the Contingent Liability Account account.
  • For documents that are reopened, LN creates a correction document and links it to the open entries. The postings to reverse the entries on the Contingent Liability Account account are also created.
  • For the documents to be repaid, LN generates a credit note in favor of the factor and a debit note in the favor of the original pay-by business partner.

Field Information

Factor

The factor for whom you selected the documents to be settled or repaid.

Title

The factor for whom you selected the documents to be settled or repaid.

Original Pay-by Business Partner

If you selected the documents of one business partner, this is the original pay-by business partner of the documents.

If you selected the documents of multiple business partners, this field is empty.

Batch

The batch for the transactions created in the Settle, Repay/Unfactor Factored Invoices (tfcmg6200m000) session.

Document

The transaction type.

Document Number

The document number.

Document Type

The type of receipt, for example, a Sales invoice, a credit note, or an Advance receipt.

Currency

The invoice currency.

Factored Amount

The factored amount in the invoice currency.

Factoring Commission

The factoring commission amount in the invoice currency.

Amount Settled

If the invoice has been partially settled, the amount already settled, in the invoice currency.

Amount to be Settled

The amount still to be settled in the invoice currency. The default amount is the amount received minus the amount settled.

Selected

To select a document for processing, select this check box.

On the appropriate menu, you can click Select all to select all the documents, and you can click Deselect All to clear the selection.

Repay Amount

The amount to be repaid, in the invoice currency.

The default repay amount is:

Repay amount = Amount received – (Amount settled + Factoring commission paid)

Unfactored Amount

The amount for which no money has been received from the factor and for which the document must be reopened, in the invoice currency.

Unfactored amount = Amount factored – Amount settled – Amount repaid.

Invoice Date

The document date.

Factoring Commission Paid

The factoring commission paid on this invoice, in the invoice currency.

Amount Received

The amount received from the factor for this invoice, in the invoice currency.

Recourse

If this check box is selected, factoring of this invoice is with recourse.

Discount

The discount amount of the invoice.

LPS

The late payment surcharge amount of the invoice.