Payment Modes - Flip B
- Document
- Paste Special
Form register, System module
- You can allocate a different payment document to each Payment Mode. This can be useful in the Purchase Ledger as it allows you to have a different design of Remittance Advice for each Payment Mode.
- This field is not used in the Sales Ledger: Receipts will always be printed using the same Form, irrespective of Payment Mode.
- Objects
- Paste Special
Object register, System module
- Up to 20 Objects separated by commas can be allocated to each Payment Mode. In Nominal Ledger Transactions generated from Receipts or Payments using this Payment Mode, these Objects will be assigned to the posting to the bank or cash Account (i.e. the Account specified on flip A of this setting). This will allow detailed analysis by department or cost centre. This field is also shown on flip D.
- Type
- Paste Special
Choices of possible entries
- Enter the Payment Mode Type here. The available options are "Free", "Received Cheques", "Own Cheques", "Credit Card", "Withholding", "Cash", "Resource" and "On Account". "Free" will be used in most cases as "Received Cheques", "Own Cheques" and "Credit Card" link the Payment Mode to the Cheques module (and should not be used if that module is not present) and "Withholding" is used in special circumstances described below. "Cash" will be used if the Payment Mode is to be used in the Cash Book module ((Single Transaction method and Doube Transaction method).
- Withholding Calc. Form.
- Paste Special
Calculation Formulae setting, Nominal Ledger
- This field is only used when the Type field is set to "Withholding". It is intended for use in Argentina, where the responsibility for the collection of some of the input VAT lies with the recipient of Purchase Invoices. This is done by paying a percentage of the Invoice amount directly to the authorities. The code of the Calculation Formula in which this percentage has been defined should be entered here. A Payment Mode can then be allocated to each Supplier (on the 'Company' card) to ensure that the percentage calculation is always correct. For full details of this feature, please refer to your local Hansa representative.
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Introduction to Settings in the Sales Ledger
