Keeping the Seller's ERP inline
Sellers of trade receivables need to know if the receivable has been sold, and if so, at what price. Only then does the accounting department know whether to debit the receivable against cash and declare the VAT on the gross discount as input tax. if the trade receivable is not sold, it must be continued as an unpaid invoice. TrustBills' Reporting Engine creates CSV files for selected trade receivables, which can be imported into ERP systems to synchronize the state of each trade receivable between TrustBills and the ERP.