tag:blogger.com,1999:blog-5285970135510371565.post6719139006734681841..comments2024-03-23T07:53:50.523-04:00Comments on The Dynamics GP Blogster: Asset-based lending and receivables factoringMariano Gomezhttp://www.blogger.com/profile/13267738662239812289noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5285970135510371565.post-87928531076199481532015-06-20T09:25:39.582-04:002015-06-20T09:25:39.582-04:00Ramón,
You can create two customer classes: FACTO...Ramón,<br /><br />You can create two customer classes: FACTORED and NONFACTORED. The factored customers can be addressed as outlined in the article, the non-factored customers are managed through the standard functionality. As for the latter, you won't be adding these to the national account factoring company.<br /><br />MG.-<br />Mariano Gomez, MVPMariano Gomezhttps://www.blogger.com/profile/13267738662239812289noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-57176459159823981302015-06-18T11:38:53.149-04:002015-06-18T11:38:53.149-04:00HI -
What if some invoices for a customer are fac...HI -<br /><br />What if some invoices for a customer are factored and other invoices are not factored. How do you suggest handling that?<br /><br />thank you<br />Ramon LopezRamonhttps://www.blogger.com/profile/02269958414427168234noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-34519873150610589142012-11-01T14:10:53.780-04:002012-11-01T14:10:53.780-04:00We do not have National Accounts in our instance o...We do not have National Accounts in our instance of GP, what would you suggest?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-76120366378719971332009-09-28T12:52:22.470-04:002009-09-28T12:52:22.470-04:00Good article Mariano. Very good use of existing fu...Good article Mariano. Very good use of existing functionality.Ian Stewarthttp://dynamicsgp.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-27147478522972793792009-06-22T19:28:41.729-04:002009-06-22T19:28:41.729-04:00This is clear now. What you can do in such cases i...This is clear now. What you can do in such cases is setup the factoring company as a vendor and record an invoice to the factory company. <br /><br />You can then use Customer/Vendor consolidation (or simple credit memos in AR, and invoices in AP) to consolidate any balances for moneys owed to the factoring company if a customer defaults.<br /><br />Best regards,<br /><br />MG.-<br />Mariano Gomez, MVP<br />Maximum Global Business, LLC<br />http://www.maximumglobalbusiness.comMariano Gomezhttps://www.blogger.com/profile/13267738662239812289noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-80950247330758250412009-06-22T17:22:58.330-04:002009-06-22T17:22:58.330-04:00I have a customer who will sell their AR to a fact...I have a customer who will sell their AR to a factoring company, getting up to 80% cash, but if the customer doesn't pay the factoring company within 90 days, the factoring company will look to the seller to get that money back. Very common in staffing industries. So we need to record the liability of cash received before we know that factoring company was paid by the customer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-22684370769547765972009-06-22T14:05:16.881-04:002009-06-22T14:05:16.881-04:00Not sure I understand what liability you are refer...Not sure I understand what liability you are referring to. Could you please clarify?Mariano Gomezhttps://www.blogger.com/profile/13267738662239812289noreply@blogger.comtag:blogger.com,1999:blog-5285970135510371565.post-1310060894597289032009-06-22T10:22:41.020-04:002009-06-22T10:22:41.020-04:00Using this method, are you still doing journal ent...Using this method, are you still doing journal entries to record the liability, or are you doing through National Accounts setup?Anonymousnoreply@blogger.com