Factoring Plus™ grows with your company. Enable the Purchase Order Financing option and fund your clients purchase orders. Fund partial or full purchase orders and collect out by the associated invoice factoring or collection.
Create separate invoice schedules for purchase orders. You can assign invoices to both regular invoice schedules and purchase order schedules for improved tracking of invoices associated with purchase orders.
Recover purchase order financing from invoice factoring or from client rebate (net due) payments as invoices are paid. The Factoring Statement and Remittance Advice forms show your clients whenever purchase order funds are advanced or collected.
Purchase Order Financing Features
- A client’s purchase order financing may be recovered based on “oldest first” method or by specific purchase order number
- Versatile user defined rate structures are assigned to purchase orders when input to control revenue earned as purchase order advances are recovered
- Use the Purchase Order Aging Report and View Purchase Orders screens to make it easy to keep track of your clients open and closed purchase orders
- Track purchase order receivables balances for each client using individual Purchase Order Receivables accounts on your general ledger balance sheet
Combined with Passport Business Solutions widely used accounting system, Factoring Plus seamlessly combines the functions and features of feature rich factoring software with those of accounting software.
To learn more about purchase order financing with Factoring-Plus, email us at email@example.com, visit our web site at www.cap-soft.com or call Capital Software at 614-336-2865. Visit the Passport Business Solutions web site www.pass-port.com.