Go to the back of the microsuede futon and look for a metal mechanism with a number of locking positions. If you see this mechanism, you have a click type futon. Otherwise, you have a bi-fold model.
Lift up on the back of the futon to remove it from its current position. You should see the futon frame disengage from the metal teeth in the click mechanism.
Tilt the futon back to the position you want. Move the back of the futon the whole way back if you want to convert it into a bed. Place the futon frame on the click mechanism teeth to hold it in place.
Pull the seat section forward, then push on the back to recline a bi-fold futon. If you have a bi-fold microsuede futon you can put it into the standard position and use it as a sofa, or lay it flat to use it as a bed.