| Factoring/Invoice Discounting in WinForecast |
| 0845 421 0117 |
This tutorial is intended to demonstrate how to use the Factoring function in Sage WinForecast.
the Main option). The screen shots assume that the Main option is chosen.
2. Select the Factor Trade Debtors option from the drop-down.
the Main option). The screen shots assume that the Main option is chosen.
2. Select the Factor Trade Debtors option from the drop-down.
not covered by your factoring agreement they can be excluded by 'un-ticking' the check box. In order to
de-select a sales line from Factoring it's record type must be set to Separately Invoiced Income.
de-select a sales line from Factoring it's record type must be set to Separately Invoiced Income.
3. Make your entries in the Factor Trade Debtors screen.
5. Set the period in the Forecast you wish to Factor, and if there is an maximum available exposure to
the factoring company, enter that value also.
the factoring company, enter that value also.
6. Enter the Max Advance this is the amount
that is available once the factoring company has
been made aware of the sales. It can either be a
% of Sales or can be Enter Maximum.
that is available once the factoring company has
been made aware of the sales. It can either be a
% of Sales or can be Enter Maximum.
7. Enter the Advance, this is the amount of
funds that will be used from the Maximum
available. The options are: Enter Advance,
Use Maximum, Use as Needed (maintains
bank balance at zero) and Use O/D Facility
(maintains bank balance at O/Draft limit).
funds that will be used from the Maximum
available. The options are: Enter Advance,
Use Maximum, Use as Needed (maintains
bank balance at zero) and Use O/D Facility
(maintains bank balance at O/Draft limit).
of Invoices or can be Enter Charges (Enter
payable).
payable).
9. Enter any Interest, as a Percentage.
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