Does anyone use factoring for their invoices? I have a client that uses a factoring company and would like a standardized process in Acumatica. Possibly an integration, otherwise ideas how to record this other than JE’s.
Answer
Factoring
Best answer by Lhouldsworth
What I’ve done in the past is use bank deposits and entry types to log the transactions. You can use the entry types as charges on the bank deposit to hit any accounts you may need to in order to make the numbers work. It was a while back at a previous job but if you give me a synopsis of how the factoring agreement is setup and the accounts they want to hit I may be able to help.
What I’ve done in the past is use bank deposits and entry types to log the transactions. You can use the entry types as charges on the bank deposit to hit any accounts you may need to in order to make the numbers work. It was a while back at a previous job but if you give me a synopsis of how the factoring agreement is setup and the accounts they want to hit I may be able to help.
+3My team released AR Factoring, so you can leave us a request for that.
Or as alternative, you can go through Acumatica marketplace.
https://acupowererp.com
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