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Payment Modes - Flip D

This page describes Flip D of the Payment Modes setting. Please click the following links for descriptions of the other parts of the setting:
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Bank
Paste Special    Banks setting, Purchase Ledger
If the Payment Mode is associated with a Bank (i.e. the Payment Mode represents a bank account into which Receipts will be paid and/or from where Payments will be issued), specify the Bank here.

If the Bank A/C No field on flip A is empty when you specify a Bank here, the Account (IBAN) from that Bank will be copied to the Bank A/C No field as a default.

If you will be paying Purchase Invoices using Banking File export files, the Bank will be included in those export files when you are using the following Payment File Formats:
TAX %, Cash A/C, TAX A/C
These fields are intended for use in Russia, where a Sales Tax is levied on cash Receipts.

When you mark a Receipt with this Payment Mode as OK and save it, the whole Received Value will be paid into the cash or bank Account in the usual fashion. In addition, a percentage of the Received Value (determined by the Tax %) will be credited to the Tax Account with a balancing debit to the Cash Account.

These fields will be ignored when you use the Payment Mode in Payments or in Cash Out records.

Note that these fields are not suitable for users of the Cash VAT scheme in the UK. Cash VAT postings will be made if you are using the Post Receipt VAT option in the Account Usage S/L setting and if you have specified an O/P Account for each VAT Code.

Force
Paste Special    Choices of possible entries
You can use this field in a Payment Mode to ensure the Bank Amt. in Cur. 1 and Bank Amt. in Cur. 2 fields on flip I of each Receipt row and the B. Cur. 1 V and B. Cur. 2 V on flip I of each Payment row contain values.

The Bank Amt. in Cur. 1 and Bank Amt. in Cur. 2 fields in a Receipt row contain the amount received, expressed in Base Currency 1 (i.e. your home Currency) and Base Currency 2 respectively. Similarly, the B. Cur. 1 V and B. Cur. 2 V fields in a Payment row contain the amount paid out, expressed in Base Currencies 1 and 2. These fields are intended to be used when your bank uses a different exchange rate to the one you have in Standard ERP and when you do not want this rate difference to result in gains or losses being posted in the Nominal Ledger.

The available options for the Force field are:
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The Force field will have no effect. You will be able to enter values in the Bank Amt. in Cur. 1 and Bank Amt. in Cur. 2 fields in a Receipt row and the B. Cur. 1 V and B. Cur. 2 V fields in a Payment row or leave them empty as appropriate.

Force Bank Values in B1
The Bank Amt. in Cur. 1 field in every Receipt row and the B. Cur. 1 V field in every Payment row that uses the Payment Mode must contain values, but the Bank Amt. in Cur. 2 and B. Cur. 2 fields will be left optional.

Force Bank Values in B1 and B2
The Bank Amt. in Cur. 1 and Bank Amt. in Cur. 2 fields in every Receipt row and the B. Cur. 1 and B. Cur. 2 fields in every Payment row that uses the Payment Mode must contain values.
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