invoice factoring

AI generated answer (using internal Slack threads):

Based on the conversations, it seems like the topic of 'invoice factoring' is being discussed in the context of NetSuite. Here are some insights from the threads: 1. For situations where a vendor bill must be paid not directly to the vendor but to another company (similar to a factoring process), there are a couple of solutions suggested. One is to create a custom field for recording the actual vendor (not the one you are paying - the one you are paying should be the A/P or primary Vendor). Another suggestion is to set up 2 separate vendors. Get an invoice from the first, enter it in the system, and then credit it off and add a new one on the 2nd vendor for the actual cash payment. However, this method might complicate any 1099 reporting if that's involved. 2. For advance invoicing, such as pre-invoicing 50% of an order with inventory items, one suggestion is to add a non-inventory or other charge item to the invoice for the 50%, then add a negative line for the same as an offset. First, invoice the positive line for down payment, then when it ships include the negative line to offset the full price. 3. If you need to deduct 3% from total invoice profitability if an invoice is paid with a credit card, one suggestion is to consider an item (like a discount item) and put it on the line. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******