How do I perform factoring in Odoo 17?

Question

What is factoring? A business will sometimes factor its receivable assets to
meet its present and immediate cash needs.

Prerequisite: 1. The following demonstration is using version 17 and USA localization.

The use case:
Create an invoice and a customer payment for $100 for the same customer, and reconcile. But the bank statement shows $90, so we sell the $100 receivable to the third party at a discount.
We need to reconcile the $90 bank statement line with the customer payment of $100 and th

Pei Hua Tsai (pht) · Accepted Answer

The workflow and the solution:
1. Create the invoice and customer payment for $100 and reconcile these two journal entries.

2. Select the $90 bank statement line and reconcile it with the $100 payment to the bottom right.
Odoo will automatically adjust the $100 to $90.

3. Select the
$90 payment and click the manual operations tab below to change the amount to
$-100.

4. Then click
on the $10 amount and modify the account on the manual operations tab below.

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What is factoring?

Prerequisite:

The use case:

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