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Invoices for Factoring - Norwegian Banks

This page contains some guidance about where to enter information in order for it to be included correctly in Invoices for Factoring export files when they are produced using the following Factoring Banks: Bedriftsfinans, eCredit, Factoring Finans (NOR), Gjensidige Bank (NOR), Kredittstyring, NORD finans, Nordea Finans and SG Finans (NOR).

Bedriftsfinans

Configuration
  1. In the Contact records for each Customer:

    1. Specify the Customer's VAT Registration Number.

    2. Enter the address using the first three Address fields. The third field should contain the four-digit postal code (in "XXXX" format) and the town, separated by a space.

    3. Ensure the address, country and telephone number are correct.

    4. The maximum number of characters that you can use in Customer Numbers is eleven.
Invoices
  1. The maximum number of digits that you can use in Invoice Numbers is eleven.

  2. Credit Notes should be allocated to previous Invoices, so it is recommended that you use the Do not allow Credit Invoices without No. option in the Account Usage S/L setting.

eCredit

Configuration
  1. In the Factoring Export setting, ensure the Contract Number is correct and that the field isn't blank.

  2. In the Contact records for each Customer:

    1. Specify the Customer's VAT Registration Number.

    2. Enter the address using the first three Address fields. The third field should contain the four-digit postal code (in "XXXX" format) and the town, separated by a space.

    3. Ensure the country and telephone and fax numbers are correct.

    4. The maximum number of characters that you can use in Customer Numbers is ten.

  3. You should also choose "eCredit" as the Bank on the 'OCR' card of the Bank Transfer setting in the Purchase Ledger. This will ensure the KID Codes in the export files will be in the correct format.
Invoices
  1. If you enter an Our Reference in an Invoice, it will be included in the export file. The Our Reference field will take its default from the Person record of the user who creates an Invoice.

Factoring Finans (NOR), Gjensidige Bank (NOR), Kredittstyring, NORD finans, SG Finans (NOR)

Configuration
  1. In the Factoring Export setting, ensure the Contract Number is correct and that the field isn't blank.

  2. In the Contact records for each Customer:

    1. Specify the Customer's VAT Registration Number.

    2. Enter the address using the first three Address fields. The third field should contain the four-digit postal code (in "XXXX" format) and the town, separated by a space. Usually the first and third fields will be exported (Factoring Finans (NOR) will export all three lines). In the case of NORD finans, the address will be exported from the Invoice instead of the Contact record.

    3. Ensure the country and telephone number are correct. For Gjensidige Bank (NOR) and SG Finans (NOR) only, the country should be connected to a record in the Countries setting that will supply the Country Name.

    4. The maximum number of characters that you can use in Customer Numbers is six (NORD finans), seven (Factoring Finans), eight (Kredittstyring) or nine (Gjensidige Bank, SG Finans).

    5. Enter the Customer's bank account number in the Bank Account field (NORD finans only).

    6. Mark the No Factoring box for any Customer whose Invoices are not to be exported.

  3. If the Factoring Bank is NORD finans, then you should also choose "Norway - NORD finans" as the Bank on the 'OCR' card of the Bank Transfer setting in the Purchase Ledger. This will ensure the KID Codes in the export files will be in the correct format.
Invoices
  1. The maximum number of digits that you can use in Invoice Numbers is six (NORD finans), seven (Factoring Finans), eight (Gjensidige Bank, SG Finans) or twelve (Kredittstyring).

  2. If you specify a Cust. Ord. No. in an Invoice, it will be included in the export file.
Exporting
  1. If the Factoring Bank is Factoring Finans (NOR), you should not include Invoices that you issued in different Currencies in the same export file.

  2. If the Factoring Bank is NORD finans, you should only export Invoices that you issued in local Currency (i.e. NOK).

Nordea Finans

Configuration
  1. In the Factoring Export setting, ensure the Contract Number is correct and that the field isn't blank.

  2. In the Contact records for each Customer:

    1. Customer Numbers should contain a maximum of seven characters.

    2. Mark the No Factoring box for any Customer whose Invoices are not to be exported.
Invoices
  1. The maximum number of digits that you can use in Invoice Numbers is seven.
Exporting
  1. If you do not specify a Currency in the specification window, Invoices in NOK and Invoices with no Currency specified will be exported (only).

  2. Use the Type options to specify whether the export file should contain Invoices or Credit Notes.
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Export functions in the Sales Ledger and Integration modules:

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