Hi
The company I work for use Dynamics AX 2009 (DAX 2009). We use Bank, General Ledger, Accounts Receivables, Accounts Payables, and Projects.
We face the following issue. Some of our suppliers have begun to use factoring. They will send us an invoice, but the invoice is not payable to the supplier but to a separate company that collects on the supplier's behalf.
What is a good way to set this up in DAX 2009? Do we just define the factoring companies as separate suppliers with separate bank accounts and use offsets to make the bookings? Or are there simpler ways?
We'd like to still be able to report aging on oustanding payments etc by supplier. At the moment our workaround is to post the payment in DAX as if we're paying the vendor, while we manually set up the bank transfer to the factoring company. Ideally we want it to go automatically as per our normal payables process.
Thank you for your time and help!
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