Supplier factoring
Paul Timms
11-30-18
In the terms tab of a contact is a field called Factoring. This is used when you want to pay invoices from one supplier to the bank details of another supplier.

The process is as follows:
- Create purchase order for supplier

- Create goods receipt
- Create purchase invoice for same supplier
- Create payment for invoice, with bank details of factoring supplier

When pasting the supplier into the purchase order, the factoring supplier code is added to the Factoring field. When creating the purchase invoice, this field is copied to the purchase invoice. However, the bank account and sort code fields on the purchase invoice are taken from the invoice supplier, not the factoring supplier, unless you have a Swedish version of Standard ERP.

When pasting the invoice into a payment, it takes the bank account and sort code from the invoice, hence the factoring supplier's details are ignored.

Why should it only work this way in Sweden? Surely factoring should work wherever you are in the world?
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