Factoring Indicator in BP master

[Former Member]

Dear All,

Kindly let me know what is the function of the field Factoring indicator under general tab in BP master. How and under what scenarios we can make use of this field?

Regards

Kapil Kapoor

[Former Member · Accepted solution]

Hi Kapil....

Please check this....

Factoring Indicator:
If required, assign a factoring indicator (both code and name) for the business partner. 
The indicator is automatically inserted as the default value in invoices and can be displayed 
in the account statements.

In Short this is used for more specific Financial Reports.......

Regards,

Rahul

[Former Member · Accepted solution]

Hi Rahul,

I have already gone through the help file but could not understand what it means. I need to know what purposes can be solved or what scenarios can be covered with it.

[former_member196081 · Accepted solution]

Hi,

Dont know the exact purpose but when we define this and punch the invoice .It reflect in general ledger report in indicator column.

[jitin_chawla · Accepted solution]

Hi,

Check the following extract from the Note No. : 593657 which explains your question:

Symptom

What is the Factoring Indicator?

Cause

Consulting.

Solution

The factoring indicator is a key that can be recorded in journal entries and used as a selection criterion in the General Ledger Report.

In Reports -> Financials -> Accounting -> General Ledger, click on the 'Expanded' pushbutton, under Parameters the Indicator (Factoring Indicator) is available.
The report will only display the journal entries marked with the Indicator set in the key range.

If a Factoring Indicator has been defined for a business partner (Business Partner Master Data, tab General), this will be entered automatically into each marketing document (tab Accounting) - thus its journal entry - added for the business partner.

The Indicator can be updated any time in a marketing document.
The journal entry linked to it will be updated automatically.

The Indicator is mainly intended for the Austrian localization as Factoring Indicator to mark receivables either sold or to be sold to a third party (factor) for report purposes.

Kind Regards,

Jitin

SAP Business One Forum Team