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This text refers to program version 6.4  

Opening Balances in the Sales Ledger - Payment Modes

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

Use the [Module] button in the Master Control panel to enter the Sales Ledger and click the [Settings] button, also in the Master Control panel. In the subsequent list window, double-click on 'Payment Modes'.

Payment Modes represent the different methods that your Customers will use to pay your Invoices and which you will use to pay your Suppliers. Typical examples are cash, cheque, direct debit and credit card. If necessary, each Payment Mode can debit a different Account, to represent payments into different bank accounts, into petty cash or by credit card.

If you imported the sample Chart of Accounts supplied with Enterprise by HansaWorld as described on the Importing Sample Data page, you will also have imported some basic Payment Modes. If you have modified the Chart of Accounts supplied, or you have created your own, ensure that the Account Numbers shown in the second column now refer 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. Referring to the 'Sales Ledger' manual for details, click flips B-E to complete the entry. Click [Save] when you have finished. Then, close the 'Settings' list using the close box.

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