Page Comparison

...

1. From the Navigational click on Financials>Bank Payments

2. Click on New 

   Expand
   title Show Me

   
   

3. Make sure you enter the date that is on the Bank Statement into the Bank Payment (tab)
   1. Enter a Description to best describe this recurring payment

4. Enter/select the correct Tender (if the tender is cheque then fill in the cheque details as per print below) Card general settings

5. Select the correct Bank Account that the payment is made from

6. In the payment reference field ensure to enter the Payment Reference as it appears on the Bank Statement (important if you are importing bank statement and auto matching). Just one word from the Bank Statement
7. Navigate down to the Lines Tab
8. On the line of  Account Account site, select the correct GL Expense Account (you may have multiple gl accounts to dissect against)
9. Enter a different Description if need be or leave the populated one from the header description
10. Enter the Value Inc Tax of the payment

11. Select the correct Tax Code (very important)
    Check that the Value inc tax in the header level is the correct result if you have multiple lines on the bank payment. 

    Expand
    title Show Me

    
    Now to set up the recurrance recurrence rules on this bank payment

...

1. Click on the 'General' Tab within Inserting a Bank Payment

2. Drop down on Type and select one of the Rules

   
   

   Expand
   title Show Me

   You need to know how often this payment recurs and what type of recurrence rules best suits the transaction in question.

   Eg if rent is to be paid every 15th day of every Month and the Value is always the same amount, then you would set up the recurrence rule on the payment to be as follows :

   Automatic Posted; Every Month; Day of the Month; Until what day/mm/yy and click on Save. The task will run nightly and the payment will be generated on the 15th of every month with the date, gl account, value and status of posted.

   Eg if rent is to be paid every 15th of every month and the value is always different every month, then you would set up the recurrence rule on the payment to be as follows:

   Automatic UnPosted; Every Month; Day of the Month; Until what day/mm/yy and click on Save. The system will generate the payment and leave it with a status of Open so that you can make the appropriate changes to the bank payment before finalising it yourself.
   
   If you have multiple lines on recurring payment, you may wish to set up the general ledger accounts and add a value of 0.01.
   Ensure that the Recurrence type = Unposted and set up the remaining rules.
   Once the recurring payment is generated, it will have a status of Open. You can add the correct values to each line on the payment and ensure it netts to the value on the bank statement then finalise it.
   This works well if you are using Manual Entry of Salary and wages that vary weekly or monthly. 

   
   

   Automatic (Posted)	The payment will automatically be generated based on the recurrence rules that have been set against the payment. The payment will have a status of "posted'.	Every Week - True  Every Month- True	Day of Week Day of Month	Until Until	Weekend Handling	Save	When the Task runs overnight this payment will be generated and posted based on the rules assigned.
   Automatic (unposted)	The payment will automatically be generated based on the reocurrance rules that have been set against the payment. The payment will remain Open until you check it yourself and make any appropriate changes and then you manually finalise it.	Every Week - True  Every Month- True	Day of Week Day of Month	Until Until	Weekend Handling	Save	When the Task runs overnight this payment will be generated and left Open based on the rules assigned. This payment needs to be manually Finalised.
   Manual	The payment needs the operater to Generate the Reoccurance. Once generated you need to check it and post it.	N/A	N/A	Until	Weekend Handling	Save	The operator will need to Manually run this Bank Payment when needed. When a Recurrence type of 'Manual' is assigned to a Bank Payment, the action button of 'Generate Recurrence' is activated.
   None	The payment is not set up to reoccur at all.	N/A	N/A	N/A	Weekend Handling	N/A	This is just a normal bank payment and will not generate any other bank payments.

   
   

   
   

   Expand
   title Show Me

   
   

   Expand
   title Show Me

   
   

   
   

   Expand

   
   

3. Click 'Weekend Handling' and select when you will require the recurring payment to be applied.

   If the day you have selected falls on the weekend you can choose to have the recurrence payment created on the weekend.

   Expand
   title Show me

   
   

4. Once you have set up the recurrence rules click on Save and Close.