Before entering the first opening balance, there is a single setting in the Sales Ledger that needs to be considered if you will be entering Receipts for the fiscal year to date.

Use the Modules menu to enter the Sales Ledger and select 'Settings' from the File menu. In the subsequent list window, double-click on 'Payment Modes'.

Payment Modes represent the different methods by which your Invoices will be paid by your Customers and by which you will pay your Suppliers. Typical examples are cash, cheque, direct debit and credit card. If necessary, Hansa allows each Payment Mode to debit a different Account and to be paid into a different bank account.

If you have used the accounts template supplied with Hansa, you will find that the basic Payment Modes have already been entered. If you have modified the Chart of Accounts supplied, or you have created your own, ensure that the Account Code shown in the second column now refers to the correct Account (remember, you can use 'Paste Special' if necessary).

To create a new Payment Mode, simply click in the first blank row and enter a unique Code. Then enter the other details as appropriate, referring to this page if necessary. Click flips B-D to complete the entry. Click [Save] when you have finished. Then, close the 'Settings' list using the close box.

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