About Entity Setup for Factors

Owned by Nancy Cohn (Deactivated)
Last updated: Feb 16, 2024 by Kinga Huszno
1 min read

Eagle Accounting has several fields defined at the entity's accounting basis level that apply to factors:

  • Gain Loss on Paydown (tag 1871). Required. This field determines whether Eagle Accounting treats the gain/loss caused by a paydown transaction as gain/loss, or takes the gain/loss caused by a paydown transaction as accelerated amortization.

  • Paydown Gain Loss Account (tag 4519). The Paydown Gain Loss Account (Capital or Income) field drives general ledger posting for a gain/loss caused by factor processing.