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 , 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
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The factor for whom you selected the documents to be settled or repaid.
- Title
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The factor for whom you selected the documents to be settled or repaid.
- Original Pay-by Business Partner
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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
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The batch for the transactions created in the Settle, Repay/Unfactor Factored Invoices (tfcmg6200m000) session.
- Document
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The transaction type.
- Document Number
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The document number.
- Document Type
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The type of receipt, for example, a Sales invoice, a credit note, or an Advance receipt.
- Currency
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The invoice currency.
- Factored Amount
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The factored amount in the invoice currency.
- Factoring Commission
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The factoring commission amount in the invoice currency.
- Amount Settled
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If the invoice has been partially settled, the amount already settled, in the invoice currency.
- Amount to be Settled
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The amount still to be settled in the invoice currency. The default amount is the amount received minus the amount settled.
- Selected
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To select a document for processing, select this check box.
On the appropriate menu, you can click to select all the documents, and you can click to clear the selection.
- Repay Amount
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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
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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
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The document date.
- Factoring Commission Paid
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The factoring commission paid on this invoice, in the invoice currency.
- Amount Received
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The amount received from the factor for this invoice, in the invoice currency.
- Recourse
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If this check box is selected, factoring of this invoice is with recourse.
- Discount
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The discount amount of the invoice.
- LPS
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The late payment surcharge amount of the invoice.