Getting Started in Factor/SQL®
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- Setting up Corporate Defaults
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- Establishing User and Group permissions/restrictions
- Modifying User and Group security
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- Analyzing fee structures and rate table setup
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- Creating an incremental rate table (IR) with generated and custom tiers
- Creating a daily rate table (DR) with an set APR or multiple percentages
- Creating a net funds employed rate table (NFE) with an APR or prime rate; adding prime bank
- Creating a link rate table (IR +DR)
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- Storing information in Factor/SQL®:
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- Banks
- Brokers
- Collectors
- Standard Charges
- Verification Codes
- Tickler Codes
- Rating Codes
- Investors
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- Basic setup with single and multiple relations
- Adding a single or multiple Brokers
- Setting up tickler reminders
- Setting up Wire/DDA information
- Understanding Float/Clearing Days
- Client Information
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- Entering a new Debtor manually with single and multiple accounts
- Importing Debtors through excel
- Debtor Information
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Daily Tasks
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- Purchases and Verifications
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- Entering schedules manually and through importing
- Using Verification Tools:
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- Creating and using Verification Codes
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- Invoice approval or rejection
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- Using Factor/SQL® to create invoices (Transportation)
- Attaching Investors to an invoice
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- Review of Transaction types
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- Payments and Reserve Transactions
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- View of daily transaction types
- Posting full, partial, and over payments
- Posting discounts, credit memos, and charge backs
- Posting unapplied cash and non-factored payments
- Posting to multiple Clients/Debtors from one transaction
- Reversing a transaction
- Balancing
- Review reserve transactions types
- Posting Adjustments and Reserve Disbursements
- Searching for payments, transactions, checks
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- Using Collector Notes during collection calls
- Creating and using tickler reminders for debtors
- Adding Additional Note Categories
- Reviewing Collection Status report
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- Creating notification, past due, and audit letters
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- How to customize letters in Factor/SQL®
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- Interfacing Factor/SQL® with your G/L system
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- Basic Setup- G/L interfacing
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Reports
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- Overview of reports available in Factor/SQL®
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- Daily Reports
- Periodic Reports
- Portfolio Reports
- Audit and Security Reports
- Miscellaneous Reports
- Statements
- In depth: How to read a Client Summary
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- Using Microsoft outlook to email reports
- Using Factor/SQL® to fax reports
- Saving reports as a pdf, excel, and word document
- Scheduling reports to run
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- Customer Maintenance: Email and Call in support
- Website: Customer Login
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