Summary
Standing withdrawals are setup to create invoice and payment transactions where usually no formal invoice arrives.
Examples are bank charges, interest loan payments, director drawings.
The Bank Reconciliation module identifies them from the bank statements. This routine sets up the details for the invoices to be created
Details
The standing withdrawals grid contains the following columns:
Code If this 3 character field matches the start of the Statement reference, the system will prompt this row
Description
GST Indicates whether the amount includes GST
GLac General Ledger Account for the generated invoice. Selected from a drop-down
Cost Centre Cost Centre for the generated invoice. Selected from a drop-down
Job Job for the generated invoice. Selected from a drop-down
Supplier Supplier for the generated invoice. Selected from a drop-down
Create Standard Withdrawal Codes for the regular direct debits charged to the company's bank account. This will save time when recording the charges on statements.
Toolbar
Add a new Standing Withdrawal
Delete a Standing Withdrawal
Create Transaction(s) from Standing Withdrawal and reconciles bank statement
Standing Withdrawal Report
Closes the routine