The statement is made up of various documents that provide information about the statement. This billing information includes the fee invoice, the submission journal, the debtor balance list (balance list of your clients) and the booking journal.

The fees invoice provides an overview of the total of all fees. It includes all turnover-based fees as well as the total of all other factoring fees that you pay. These include, for example, reminders and limit requests. You must send this document to your tax advisor for posting the applications for the factoring business. The reverse charge note can be found on all invoices with customers who are not based in Germany. This note indicates that a special VAT regulation applies.

The sales tax is paid by the customer and not by JITpay™. The submission journal shows all receivables (invoices and credit notes) posted in a billing cycle. Purchased and non-purchased receivables are listed separately.

On the client balance list, you can see all information relevant to posting about your submitted receivables. This includes the amount of the customer limit, which indicates the maximum amount of your receivables. The amount of the open balance indicates which receivables with a remaining amount are still open.

The balance purchase shows the balance of the purchased receivables. The amount of the advance indicates what has been advanced to you from the amount of the claim. You are also shown the amount of the default that was posted for the receivable in question (e.g. due to a goods dispute). The debtor list (list of your clients) also gives you an overview of the balance of receivables not purchased and the amount of the account (the advance payment).