Remittance Settings

View - Settings - Accounting - Customer & Supplier Ledger

You can either use automatic remittance or manual remittance in order to simplify payments and the subsequent posting of salaries and/or accounts payable.

Cheque Payment Forms/Internet payments or one of the BACS formats as remittance type.

Check the Company uses remittance (electronic payments) box and click the Settings button to the far right.

You can create the following settings:

New: Create a new remittance type.

Edit: Edit a remittance type.

Delete: Delete a remittance type.

Standard remittance type: This is where you select which remittance type you wish to use. You can create new remittance types by clicking the New button.

Permit manual payment registration of items that have the status Sent for remittance: By selecting this you can manually register payments in journal entry for an item that is sent for remittance.

Only remit approved invoices: If you mark here you will only be able to remit approved invoices. You can approve an invoice by selecting the check box Approved within the ledger item, in the Supplier ledger tab.

Remittance Settings Wizard

When you create a new remittance type or edit an existing remittance type, the wizard for remittance settings will open.

Settings

Own name of format: If you wish, you are able to enter a separate name for the remittance format you use here.

Account no: The bank account is selected from the drop-down list or a new one can be created by clicking New.

URL of Online bank: You can enter your online bank's web address here.

Restore file from file directory if necessary: This button is used if you want to restore a previously used remittance file. To restore you will have to browse to the file and click Export.

Note! The folder containing remittance files must be empty. You must create a backup before executing this task.

Settings for files to be sent to the bank

The payments file will be saved locally before it is sent to the bank. State what the file should be called and where it should be located.

Note! It is important that you make a note of the file path to this folder since the file is normally transferred to the bank via the bank's own payment solution. Some payment solutions allow you to specify the location of the file so it can be retrieved automatically.

Folder: Select the directory for remittance files if you do not wish to use the suggested one.

File name: Enter the file name for the remittance file.

When you have entered all settings, click Complete.