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How to set up undisclosed and recourse factoring in fusion

Accepted answer
edited Nov 6, 2023 10:24AM in Receivables & Collections 2 comments
  1. AR invoice is sold to bank. And Bank 80-90% funds of invoice value.
  2. Bank deducts Charges upfront or charges monthly on the last day of the month
  3. Upon due date Customer pays us.
  4.   On Maturity date we return the gross amount to purchasing bank. (Funded amount + Interest amount if deducted upfront)

Let me know how to setup above.

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