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icon4.gif  How to create a partial receipts while making bills receivables remittances. [message #209847] Mon, 18 December 2006 02:03 Go to next message
RAJESH.GANESUNI
Messages: 19
Registered: December 2006
Location: HYDERABAD
Junior Member
Hi All,

Could any body provide solution for the below situation.

while remitting bills receivables with factoring it is creating receipt for 100% of the bills receivable amount ( but the our client is availing 85% now and on maturity date 15% remaining amount after deducting Collection charges).

Any workarounds to include the above functionality in Bills Receivables life cycle.

Kindly help me in this regard.(send to my personal id ganesunirajesh@gamil.com

Thanks in Advance

Rajesh

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Re: How to create a partial receipts while making bills receivables remittances. [message #210026 is a reply to message #209847] Tue, 19 December 2006 00:41 Go to previous messageGo to next message
mamta.anig
Messages: 1
Registered: December 2006
Location: USA
Junior Member
have u tried attaching a distribution set???

& just to be sure is it 15% of the remaining amt or is it just the remaining balance???

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Re: How to create a partial receipts while making bills receivables remittances. [message #210092 is a reply to message #210026] Tue, 19 December 2006 06:13 Go to previous messageGo to next message
RAJESH.GANESUNI
Messages: 19
Registered: December 2006
Location: HYDERABAD
Junior Member


Hi,

85% he getting as a short term loan(bill date to maturity date)
On maturity date if drawee(Customer) pays the amount to the bank then bank will pay that remainig 15% amount after deducting collection charges.

no chances to assign any Distribution sets any where.


Thanks'n'Regards

Rajesh

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Re: How to create a partial receipts while making bills receivables remittances. [message #210787 is a reply to message #209847] Fri, 22 December 2006 06:20 Go to previous message
sridharkundeti
Messages: 11
Registered: December 2006
Junior Member
Hi,
Only oppurtunity I think for this is whenever we receive a bill split it to two bills of 85 and 15 %
numbering them as A and B
85% bill should have factor remittance and 15% as standard

If you think it's not a good idea then try to link the automatic receipt with bankcharges
then also we have to transfer the bankcharges amount to cash on maturity manually

reply if it works

Regards,
Sridhar

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