Can the factoring fee be expressed as a daily rate? Also we calculate interest using 365 days vs. 360 days. We are looking for a 60% return, we divide 60/365 = daily factoring fee of 0.1643835 which we would normally round up to 0.165.

Yes, our software will handle that, in fact it is setup to work that way.  To see the Fee structures, go to Tables/Setup, then Terms.  You can create as many types of terms as you need, then you assign them to a client to establish their time based fees.

Posted in: Fees and Charges