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?

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

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