Pay-by Business Partners By Factor (tfacr0116m000)
Use this session to link pay-by business partners to a factor.
Before you can use this session, you must define the factor as a pay-by business partner and in the Business Partner (tccom4100s000) session, you must select the Factor check box.
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.
Field Information
- Factor
-
The pay-by business partner who is the factor.
You can select the factor from the Pay-by Business Partners (tccom4514m000) session. In the Business Partner (tccom4100s000) session, the Factor check box must be selected for the business partner.
- Pay-by BP
-
The pay-by business partners that represent your customers for whom you factor the invoices.
- Factoring Commission Perc.
-
The default factoring commission expressed as a percentage of the invoice amount.
- Recourse
-
If this check box is selected, the customer's invoices are factored with recourse.
- Factoring Limit
-
The maximum amount that can be factored with this factor for the business partner, in the local currency.
- Balance Receivable
-
The total factored amount for the customer, in the local currency.
- BP Number at Factor
-
The customer number that the factor uses for the business partner.
- Default Factor
-
If this check box is selected, the factor is the business partner's default factor. A pay-by business partner can have only one default factor.