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Payment of Invoices According to Bank Statement

Select the Incoming Payment List procedure. Please note that the payment method shall be FA (FActoring).

Payment method FA for factoring

Coding of an invoice example of SEK 1000.-.

D: Bank account, 1930 + 300 SEK
D: Factoring advance payment, 2410 + 700 SEK
C: Accounts receivable, 1510 -1000 SEK

The payment method = FA determines that the allocation is made to debit accounts. The allocation of the payment between the accounts is determined by the percentage entered in the Chart of accounts / Standard accounts. In the previous example entered as 70%.

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