Factoring Receivables
| input | description | help# | importance | frequency |
|---|---|---|---|---|
| MVS[12;] | Factor advance (% of receivable) | 512 | 1 | |
| MVS[13;] | Factor interest rate | 512 | 1 | |
| MVS[14;] | Points to factor | 512 | 1 |
Notes and mortgages taken back from purchasers in lieu of cash may be factored according to the inputs below.
The system will assume all customer payments are applied to the factor's principal and interest account until his loan is repaid and all remaining payments will go to the developer.
