Remittance addresses - factored debts

[linda]

Hi
Can anyone tell me whether you can change the remittance address on sage line 50 without changing the delivery address/invoice address.

We have several suppliers who have factored their debts and we have no system in place to ensure that the cheques are made payable to the factor and that they are sent to the factors address and not the suppliers address.

Any help would be appreciated.

Thanks
L

[brucedenney]

You can't BUT

There are some things you could do do work around the issue.

You don't say which version you are using, but, the more recent versions allow you to print information from the purchase ledger on remittance advices. So you could set up a separate layout to use when printing remittance advices for Factored suppliers, which used the suppliers Bank address instead of their trading address (you would put the factors address in the bank address for the supplier).

Most factors accept cheques made payable to the supplier and/or you could alter the suppliers name to include the factors name. Or again have a separate layout for the cheques. You could also pay the factor by BACS and email a remittance advice to the supplier, who could forward it to their factors. (or you could put the factors email address in the supplier record and send it direct.)