Set up Factors
The setup to collect Customer Ledger Entries and export them to your factor is stored in the factor table. To make these settings available in the Factoring Journal, the factor has to be assigned to the appropriate Factoring Journal Batch.
- Select the search symbol in the upper right corner and search for Factors.
- Select the action New.
Fill in the fields on the Factors page as described in the following table.
Field Description Code Enter a unique code for the factor. Description Enter a description for the factor. Export Only New Ledger Entries Activate this function if your factor only expects new customer ledger entries. As soon as a customer ledger entry has already been posted via the factoring journal, it won't be posted again later. Company Identifier (Contract No.) Enter the company identifier or contract no. given by your factor. Customer Export Data Exchange Definition Enter an export data. exch. definition. This will be used to map the business central fields to the fields requested by your factor while exporting the customer master data. Customer Delete Export Data Exchange Definition Enter an export data. exch. definition. This will be used while exporting the customer master data to your factor with a delete-flag. Leder Entries Export Data Exchange Definition Enter an export data. exch. definition. This will be used to map the business central fields to the fields requested by your factor while exporting the factoring ledger entries. VAT Key Mapping Code Enter the code of the VAT mapping. With the VAT mapping you can map the business central VAT Business/Product Posting Groups to the ones of your factor. Export Data Transfer Endpoint Select or create a new Data Transfer Endpoint to be used when exporting data. Ledger Entries Export Filename Enter a filename including the file extension for the ledger entries export. Some placeholders are available for this field. Customer Export Filename Enter a filename including the file extension for the customer export. Some placeholders are available for this field. Import Data Exchange Definition Enter the import data. exch. definition. This will be used to map the fields delivered by your factor to the business central fields. If required, use the Set Customer Ledger Entry Filter action to define filters which are used while filling the factoring journal.
- If required, use the Set Customer Filter action to define filters which are used while filling the factoring journal.
- Before you are able to sell customer ledger entries to a factor, you have to hand over the customer master data usually. This export can either be done manually using the Export customers action which downloads a csv-file or you can use the same action with a different export type option which sends the csv-file to the entered email-address.