Dear all
As promised I’m hereby sending my first draft/strawman for the tradable invoice / bill of exchange document, prior to Wednesday’s meeting:
- ID
- Issue date
- Transaction type - provides information about the type of transaction (i.e. factored invoice, discounted invoice, bill of exchange, …)
- Invoice document reference -
reference to the original invoice associated with this document
- Invoice authorization reference -
reference to the authorization or approval sustaining the validity of the original invoice document
- Acceptance date -
date when customer/debtor party accepted the liability of the debt/invoice
- Credit note reference -
reference to an associated credit note (may be several credit notes)
- Purchase order reference -
reference to a purchase order associated with the transaction
- Contract document reference -
reference to an associated contract
- Waybill reference -
reference to an associated waybill
- Delivery date -
date when goods or services were delivered
- Classification or description of goods or services -
needed to establish conditions for invoice financing
- Supplier party
- Customer or debtor party
- Factor party -
party that finances the invoice (the creditor) - How to handle secondary transactions?
- Total invoice amount -
total amount of original invoice minus any associated credit notes
- Total tax amounts
- Withholding tax total
- Total prepaid amount
- Total amount payable -
total invoice amount + total taxes - withholding taxes - prepaid amounts
- Approved net amount -
total amount approved by customer/debtor party or by factor
- Pending amount -
total pending amount in case installments are made before the invoice is traded
- Approved due date -
date when debt matures, as approved by customer/debtor or factor
- Installment/payment date -
date when a payment or installment is agreed to be made (0..n)
- Installment/payment amount -
amount agreed to be paid at the above installment/payment date (0..n)
- Note -
any additional observations
Best regards,
Kenneth
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