Received an invoice?
Finqle sends invoices on behalf of her clients.
Have you received an invoice from Finqle for one of your suppliers? That is entirely possible. Finqle is an invoice factoring company delivering services to your merchant, supplier, seller or vendor. Please use the example invoice below to get answers to frequently asked questions by debtors.
Invoice format
Your supplier (or merchant, vendor, seller) has transferred their invoice rights to Finqle via Assignment for optimizing cashflow and outsourcing credit management.
Your supplier, however, remains responsible for correctly delivering the goods and services they are meant to supply to you. They are also still responsible for correctly formatting the invoice.
Therefore, the invoice is made in the name of your supplier, with their address, logo & VAT-number. The only thing that will change is the IBAN. Finqle has already paid this invoice to your supplier, and you now need to pay Finqle.
Invoice number
Please always refer to the invoice number when you transfer the funds to Finqle’s bank account. We process thousands of invoices every week and without an invoice number, we cannot process your payment correctly and instantly. If we cannot process your payment, your invoice might be tagged as overdue, and you will start receiving reminders.
If you wire multiple invoices in a single transaction, please make sure to send us copy & paste-able remittance advice or specification. Please make sure it contains the following information:
- Invoice number
- Invoice amount
- Total amount
This remittance advice can be sent to [email protected].
Your information
As the goods or services are delivered to you, you are the receiving or payer party. Your supplier is the delivering party. Finqle is the payee party.
Invoice details
Even though the invoice has been transferred to Finqle, the invoicing conditions remain intact. For example, a requirement to add a PO-number. Also, the payment term as negotiated between you and your supplier remains the same.
Line items
These simply state the goods and services delivered to you. They usually contain a description, unit price, units, VAT percentage, total charged and total to pay.
If you have received a collective invoice, these line items might show individual invoices. They nonetheless entail the same information.
VAT
This is an invoice as any regular invoice. This means you and your supplier can register the VAT as mentioned on the invoice. Finqle charges its services on a separate invoice to your supplier. Please register the name and VAT-number of your supplier in your accounting system.
Notice of assignment
This is the notice of assignment, as we are required to present it by law. If you see this notice, you know the invoice has been purchased by Finqle and can only be legally paid into Finqle’s bank account.
⚠ IMPORTANT: a legally valid payment can only be made into Finqle’s IBAN. If you pay the invoice into another bank account (e.g. your supplier bank account), you have NOT fulfilled your payment obligation. You run the risk of having to pay the invoice amount again into Finqle’s bank account.
G-account
In some cases under Dutch law, you are required to pay the invoice taxes (social securities + income taxes + VAT) into a special blocked account (G-account). In that case, please pay as follows:
- invoice taxes → into the G-account of your supplier
- remainder → into the N-account of Finqle
Invoice format
Your supplier (or merchant, vendor, seller) has transferred their invoice rights to Finqle via Assignment for optimizing cashflow and outsourcing credit management.
Your supplier, however, remains responsible for correctly delivering the goods and services they are meant to supply to you. They are also still responsible for correctly formatting the invoice.
Therefore, the invoice is made in the name of your supplier, with their address, logo & VAT-number. The only thing that will change is the IBAN. Finqle has already paid this invoice to your supplier, and you now need to pay Finqle.
Invoice number
Please always refer to the invoice number when you transfer the funds to Finqle’s bank account. We process thousands of invoices every week and without an invoice number, we cannot process your payment correctly and instantly. If we cannot process your payment, your invoice might be tagged as overdue, and you will start receiving reminders.
If you wire multiple invoices in a single transaction, please make sure to send us copy & paste-able remittance advice or specification. Please make sure it contains the following information:
- Invoice number
- Invoice amount
- Total amount
This remittance advice can be sent to [email protected].
Your information
As the goods or services are delivered to you, you are the receiving or payer party. Your supplier is the delivering party. Finqle is the payee party.
Invoice details
Even though the invoice has been transferred to Finqle, the invoicing conditions remain intact. For example, a requirement to add a PO-number. Also, the payment term as negotiated between you and your supplier remains the same.
Line items
These simply state the goods and services delivered to you. They usually contain a description, unit price, units, VAT percentage, total charged and total to pay.
If you have received a collective invoice, these line items might show individual invoices. They nonetheless entail the same information.
VAT
This is an invoice as any regular invoice. This means you and your supplier can register the VAT as mentioned on the invoice. Finqle charges its services on a separate invoice to your supplier. Please register the name and VAT-number of your supplier in your accounting system.
Notice of assignment
This is the notice of assignment, as we are required to present it by law. If you see this notice, you know the invoice has been purchased by Finqle and can only be legally paid into Finqle’s bank account.
⚠ IMPORTANT: a legally valid payment can only be made into Finqle’s IBAN. If you pay the invoice into another bank account (e.g. your supplier bank account), you have NOT fulfilled your payment obligation. You run the risk of having to pay the invoice amount again into Finqle’s bank account.
G-account
In some cases under Dutch law, you are required to pay the invoice taxes (social securities + income taxes + VAT) into a special blocked account (G-account). In that case, please pay as follows:
- invoice taxes → into the G-account of your supplier
- remainder → into the N-account of Finqle