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 the factoring expense of $10.

However, In v17, when we select a $90 bank statement line with the $100 customer payment, Odoo will automatically adjust $100 to $90.