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Former Member

Factoring Indicator in BP master

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

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    author's profile photo Former Member
    Former Member
    Posted on Sep 29, 2011 at 06:22 AM

    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

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    • 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

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