View - Accounting
- Customer Ledger - Factoring
Clicking on the Factoring button will start a wizard for the generation of factoring files. To be able to generate factoring files, you need to enter into an agreement with a factoring company and make your Factoring settings in Mamut.
How to generate a factoring file
Create a filter to limit the number of claims that will
be proposed for factoring.
You can set one or more of the following queries:
Type of contact:
Select the required customer type.
Customer:
Select the required customer.
Filter:
Click on the Filter button if you would like to place a more
advanced query.
Click Next to see which claims are being proposed based on your query. You also have the possibility to remove the mark from lines with claims that have been proposed. The claims you remove the mark from will not be included in the factoring file this time.
Click Next when
you are happy with the proposed selection. This will open a preview of
the factoring list report, which you
can print by clicking on the Print report
button.
Click Next. If you wish to edit the selection, click on Previous.
Select the folder where the factoring files should be placed.
Select the required file format for the factoring list if you wish to send a report to your factoring company together with the factoring files.
Select to create an e-mail to the factoring company with factoring files attached, if you want to use this option.
Click Next to generate the files.
Click Complete. All invoiced and credit notes in the selection will be marked for sending to factoring.
The invoices will remain open items in the
Customer & Supplier Ledger.
Payment receipts
Unless your factoring company sends you an electronic file, which you can import into your program, you will need to post incoming payments manually. You first either close all open items against an accumulative account for factoring and then post the total received from the factoring company against this account, or you post the payments received from your factoring company one by one against the respective contacts. Since the factoring company deducts its fees and interest before sending you the received payments, these will be less than the amount outstanding in your books and you will need to post the difference to a cost account.
Contact your auditor/accountant for more information on which account/s you should be using.
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