No problem on the first fee, we call that a transaction fee. (Normally collected up front when you purchase the invoice.) The interest can be set up on the Terms & Credit tab of the Client Entry screen.
Posted in: Fees and Charges
Our Factoring Fee is broken down into: Factoring Administration Fee of 2% of the Face Value plus an interest rate of say 19% per annum, charged daily on the balance drawndown (The client usually elects when they want to draw down) Can your system cope with that sort of approach?
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