Hello, I was wondering if any of you experts had t...
# accountingv
Vavi
02/23/2021, 1:21 PMHello, I was wondering if any of you experts had the opportunity to find a solution for NetSuite to handle the below in NetSuite, where invoice is paid to customer by another party.
like the following:
Where Company A send invoice to customer A, and Company A has a factoring agreement with Company B to pay 90% of the invoice for Customer A and when customer A has finally paid the invoice to Company B, Company B then pays the reminder excluding their fee to Company A.
Happy to hear your comments.
Thank you
p
PNJ
02/23/2021, 1:29 PMWe do similar with agencies. TBH, you're best just invoicing Company B the 90% figure (using a discount line or whatever) - then it's up to them how they invoice the 100% figure to Company A.
PNJ
02/23/2021, 1:30 PMThough you're going to have to be clearer. If you receive no money from "Customer A", and the money comes from the other company, then you don't even need to deal with the customer as far as invoicing is concerned - they are not your customer financially, the other party is
PNJ
02/23/2021, 1:34 PMIf it's the other way round, and you receive the full 100% directly, then you probably just want the other company to send a bill for the 10% that you can pay (or similar, you send a PO first etc)
PNJ
02/23/2021, 1:34 PMIt's standard 3rd party affiliate/commission stuff, there's just several ways to do it
v
Vavi
02/24/2021, 7:59 AMHi PNJ,
Vavi
02/24/2021, 7:59 AMThank you for feedback and thinking.
4 Views