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title: "Invoice discounting - forecast - disbursement - commission"
canonical: "https://wiki.soft1.eu/space/SS5EN/226230344/Invoice%20discounting%20-%20forecast%20-%20disbursement%20-%20commission"
format: markdown
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Invoice discounting (forecast) The Invoice discounting (forecast) job is optional. You may run this job if you need to monitor the company's financial planning until you receive the notification by the factor. To create the forecast, work as follows: ① Verify disbursement amount Right-click  on the  invoices factoring document  and select  Invoice discounting (forecast) . Then, set the job's filters: the  Date  on which the forecast document will be created. the  Series  of forecast document. (The suggested Series are those having  Forecast  as Type Behavior). the  Loan account , the money will be drawn from, the  Current   account,  the money will be deposited to, the  Comments,  entered in the forecast document (Comment field), the  Discount percentage , agreed between the company and the factor.  Select  Verify Disbursement amount  ( Job  field) and click  Run.  The amount to be discounted by the factor is displayed in the  Verification  field and is calculated based on the value of the invoices and the given discount percentage. ② Create forecast document To create the forecast document, work as follows: fill in the  Discount amount  in the respective field,  select  Create Document  ( Job  field), click  Run, click  Save  once the new screen is displayed. The forecast document can now be found at the Factoring documents list. info!  Accounting entry:  the loan account (52.90*) is credited while the current account (38.*) is debited. Once you receive the bank extrait, follow the  Invoice discounting (disbursement)  job. Invoice discounting (disbursement) Using the invoice discounting (disbursement) job, the agreed discount percentage of the invoices' value (i.e. 80%) is deposited to the current account. To create the disbursement, work as follows:  ①  Verify disbursement amount Right-click  either i) on the  forecast  or ii) the  invoices factoring document , in case no forecast document has been created, and select the  Invoice discounting (disbursement)  job. Then, set the job's filters: the  Date  on which the disbursement document will be created. the  Series  of disbursement document. The suggested Series are those having  Disbursement  as Type behavior. the  Loan account , the money will be drawn from, the  Current   account,  the money will be deposited to, the  Comments  entered in the disbursement document (Comment field), the  Discount percentage  agreed between the company and the factor. Select  Verify Disbursement amount  ( Job  field) and click  Run . The amount to be discounted by the factor is displayed in the  Verification  field and is calculated based on the total outstanding value of the invoices and the given discount percentage. ② Create disbursement document To create the disbursement document, work as follows: select  Create Document  ( Job  field), click  Run, you may edit the disbursement amounts per line ( Value  field). (Run the job again if no values have been disbursed at first). Click  Save  and find the document at the Factoring documents list. info!  Accounting entry:  the loan account (52.90*) is credited while the current account (38.*) is debited. ⚠  In case a forecast document was created (such as INVDF00002 in the example), then once the disbursement document is created, a reversal transaction will be created for the forecast (such as INVDF00003 in the example). Discount commission / fees  Once the Invoice discounting (disbursement) job is completed, enter the agreed  commission / fees (%) , towards the factor and work as follows: (The commission is calculated at the open account balance and affects the balance of the receivables discounting). ① Verify commission amount Right-click  on the  invoices discounting   disbursement  doc and click  Discount commission / fees. Then, set the job's filters: the  Date  on which the expenses document will be created (Creditor Other transactions), the  Series  of expenses document. The suggested Series are those of Creditors Other transactions. the  Creditor , namely, the factor, where the invoice will be assigned to,  the  Debit/Credit , namely, the debit/credit used for the document,  the  Commission / fees (%)  agreed between the company and the factor, the  Comments  entered in the expense document (Comment field), Select  Verify commission amount  ( Job  field) and click  Run . The commission amount is displayed in the  Verification field  and calculated based on the discount amount and the given commission / fees (%). ② Create expenses document To create the expenses document, work as follows: fill in the  Commission  column (payment document line). select  Create Document  ( Job  field), click  Run , the expense is displayed on the new screen. Click  Save  and find the document at the  Creditor Other transactions  list. Tip! Add the  Contract  column at expense document lines if you wish to keep track of it. info!  Accounting entry:  the loan account (52.90*) is credited while the expenses account (65.*) is debited.)