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Receivables - EBS (MOSC)

Bank Charges Calculation for Factoring Remittances

Mar 20, 2013 10:59PM edited Mar 30, 2013 9:38PM in Receivables - EBS (MOSC) 4 commentsAnswered

Hi,

I want to know the setup steps for bank charge calculation or manual entering method for factored receipts.

I'm doing following 4 steps for factoring receipts as per thr Guide

1. Enter Factoring receipt - Confirm receipt ( DR Confirmation CR Receivable) - ok for me

2. Remit Factoring Receipt - Factor Remittances ( DR Remittance CR Confirmation) - ok for me

3.Clear Receipts - Run Automatic Clearing Program with Eliminate bank risk No - (DR Cash DR Bank Charges CR Remittance) -

When i run the above program im getting the whole balance DR Cash & CR Remittance.

How can i enter relavent bank charge amount in this factoring receipt.

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