Pay Deductions

Summary

When making payments, the system can automatically make deductions/add-ons

Details

The system holds a grid with the following columns:

Code                3 Character code used as a prefix to transaction references

Name                Long Name of the deductions

On Cost                Yes/No. If an on-cost, the amount is not deducted from the supplier, and the balancing transaction becomes a direct job cost

Percent,Amount        The deduction amount is a combination of fixed amount and Percentage of the payment amount

GL                        General Ledger account for the balancing transaction

GL Account        Non-editable descriptive field

Supplier                Supplier for the balancing transaction

Supplier Name        Non-editable descriptive field

Job No                Job No for the balancing transaction

Job Name                Non-editable descriptive field

Cost Centre        Cost Centre for the balancing transaction

Cost Centre Name        Non-editable descriptive field

PS No                Payment strategy No for the balancing transaction

Pay Strategy        Non-editable descriptive field

Formula                Deduction amount can be a calculated formula or a tax coefficient string

Deductions are calculated on the gross invoice amounts (that is including GST) unless the formula field contains "PREGST"

Toolbar

       View Menu

               Extended        Toggles between expanded and contracted modes (non-editable columns are suppressed)

               Creates a new Pay Deduction

               Save selected deductions for current supplier

               Load Tax Coefficients Module

               Deletes the current or Selected Pay Deduction(s)

               Tests Current Deductions. Reports on missing or invalid fields

               Previews Report

               Closes the routine