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Factoring for Domestic Legal Entity

Factoring for Domestic Legal Entity

Factoring for Domestic Legal Entity

010381.gif010382.gif010383.gif

Let us assume that domestic legal entity A sells its foreign receivables to another domestic legal entity B.

The outstanding receivable amount is 170 GBP.

Selling Factoring

Posting factoring  1211/1210 170 GBP
Company B's payment  1100/1211 170 GBP

Receivables issued in USD

+170 credit receivables from customers

006283.gif

-170 selling factoring
006284.gif
0 balance at the end of period concerned

(Company B's payment is not shown in the report because it is a domestic legal entity with head office located in the Republic of Slovenia.)

 

Purchasing Factoring

Posting factoring  1651/1100 170 GBP
 
Posting payments to factoring accounts  1100/1651 170 GBP

a) Factoring payments settled the same month

Receivables in GBP:

+170 purchasing factoring (linked document: PC3)

006285.gif

-170 payment of factoring on export of goods (linked document: PC3)

006287.gif

0 balance at the end of period concerned
 

b) Outstanding receivables at the end of month

Receivables in GBP:

+170 purchasing factoring (linked document: PC4)

006288.gif
002867.gif

+170 credit balance at the end of period concerned
Balance of Receivables
Currency
Country
170 GBP 826

 

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