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The Factor Payment Report function allows you to print or preview information regarding check issued to factors or made payable to factors.  Checks are automatically issued to a factor when there is a valid value entered in the Factor to (Pay To) field of the vendor record.

 

This report can be used to review and monitor the checks issued to or made payable to factors.

 

 

To generate the Factor Payment Report, follow these steps:

 

1.Access the Factor Payment Report function from the Payment group under the Reports main menu in the Accounts Payable module.

 

2.Click the List box button next to the Configuration field; then, select the report configuration that you want to use.

 

3.Select the report sorting option by clicking on the List box button next to the Sort By field.

 

4.In the Layout field, click the List box button to select the report layout you want to use in generating the report.

 

 

5.In the Report Configuration area, you may mark the Individual checkbox if you want to generate the report for a single record and enter the appropriate value in the adjacent field; otherwise, select in the Filters area the preferred criteria in generating the report.

 

6.Select any of the following options for which you want to generate the report:

 

•All Payment Types

•Printed Checks Only

•Handwritten Checks Only

•Electronic Payments Only

 

7.Click the Preview or Print button to preview or print the report. In the Report Preview Page, you may click the Configure tab to return to the Report Configuration Page.

 

 

The Factor Payment Report function also provides you with flexibility to perform the following:

 

•Set up user-defined sort option

•Set up user-defined report layout

•Include notes in the printed report

•Export the report to various supported file formats

•Send the report as attachment to an email

•Drill-down on certain fields in the report:

oBank #

 

oVendor #

 

 

 

See Also

AP Payment Reports

 

 

 

 

 

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