Factoring Processes
Summary
Section titled “Summary”Write-off Invoice
Section titled “Write-off Invoice”This step describes the process of performing a write-off on an Invoice to reduce it’s balance.
Write-off Fees
Section titled “Write-off Fees”Write-off Capital
Section titled “Write-off Capital”- “Capital”: Enable if you wish to write off capital from the Invoice. Can only be enabled if there is a remaining Capital Balance.
- “Reason Code”: Select a Reason Code. This is not a mandatory step. The Reason Code will pre-fill a Note that will be added to the Invoice and also define the internal bookkeeping account that will be used for the transaction.
- “Capital Amount”: The remaining capital balance is pre-filled but you can change it to how much you would like to write off. Should be between zero and the remaining capital balance.
- “Bookkeep in ERP”: Defines if any client voucher created from the transaction should be queued for bookkeeping in the client’s ERP. Only applicable if a ERP connection exist.
- “Kickback”: Enable if you want give back the written off amount to the client. Will create a negative charge