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?
Paul Timms
11-30-18
Actually it's the opposite, it's designed not to work if in Sweden but is everywhere else.
Paul Timms
12-3-18
What I found is that you can end up with a mixture of a sort code from one supplier and a bank account from another. This seems a bit daft really. If there's a factoring supplier, the bank account and sort code should come from the factoring supplier.
Giuseppe L.
1-24-19
Hi Paul and thank you for reaching out to us with your enquiry.
It looks like this is meant by design.

Please make a wish with your request.

Best Regards


Giuseppe
HansaWorld Italy
Leave Comment
You can subscribe to notifications for this post by selecting the 'star' icon on the top right corner of the post.
Back to the list
Latest Posts
Bror-Erik Kotiranta
Clients have their own cache, and then the server has the shared cache, if you want it kind of black and white. Presense should be there as far as i know...
10:55 7 July 2025
Yavuz Yigiterhan
Hello Paul, That is something only HansaWorld can do. But that would help to understand is that causing the problem and - if so - we fix the issue. Additional information is appreciated. Yavuz...
10:45 7 July 2025