Pegasus CIS ( ) Guide to Prompt Payment Discount

Size: px
Start display at page:

Download "Pegasus CIS (03.00.50) Guide to Prompt Payment Discount"

Transcription

1 Pegasus CIS ( ) Guide to Prompt Payment Discount

2 Guide to Prompt Payment Discount Version 1.0 Pegasus CIS ( ) Copyright Pegasus Software, 2015 Manual published by: Pegasus Software Orion House Orion Way Kettering Northamptonshire NN15 6PE All rights reserved. No part of this manual or any accompanying programs may be copied, sold, loaned or in any way disposed of by way of trade or for any kind of profit or incentive without the express permission of Pegasus Software in writing, or as specified in the licence agreement which accompanies this manual and associated programs. Whilst Pegasus Software takes reasonable steps to ensure that the contents of this manual are up to date, and correctly describe the functioning of the programs, neither Pegasus Software nor any of its Partners give any warranty that the manual is error free, nor that the programs will perform all functions stated in the manual. Pegasus Software has a policy of continual improvement of its software and accordingly this manual may describe features which are no longer available in the current release of the software available to customers, or which are proposed for a future release of the software. Under no circumstances will Pegasus Software or any of its Partners have any liability to any customer arising out of any error, omission or inaccuracy in this manual. All trademarks are acknowledged.

3 Contents Who is this guide for?... 4 Prompt payment discounts; HMRC is changing the rules... 4 Impact on Pegasus CIS... 4 Sales Invoices offering prompt payment discount... 4 Adjusting the VAT Return... 4 Updated CIS, Opera 3 & Opera II versions... 4 Sage versions... 4 Before 1 April 2015: things to consider... 5 For customers... 5 For suppliers... 5 On 1 April 2015: setting up Pegasus CIS for the new ruling... 6 System Setup changes for prompt payment discounts... 6 System Settings... 6 How prompt payment discounts affect Customers and Suppliers Applications from 1 April Customers... 6 Purchase Ledger Jobs Your notes Guide to Pegasus CIS and Prompt Payment Discount Page 3 of 11

4 Who is this guide for? This guide is to help you understand how to manage the new rules for prompt payment discount from 1 April Prompt payment discounts; HMRC is changing the rules From 1 April 2015, when processing an invoice, VAT will be calculated on the goods value before any prompt payment discount is applied. This change will affect any business that either receives or gives prompt payment discount for prompt payment of an invoice. When the legislation change becomes effective, HMRC must receive the full value of VAT on an invoice if the settlement discount is offered but not taken. Impact on Pegasus CIS In order to provide the functionality required for prompt payment discounts the following areas of the product have been changed: System Settings a new field to state how VAT is to be calculated when discounting Sales Invoice Settings a new field for recording the discount adjustment in the nominal Introduction of a new sales based Transaction Type to record the discount adjustment Ability to record the next Settlement Discount Credit Note Number Job forms updated with new fields Invoice design amended to record details of VAT before and after settlement discount Job values recalculated upon upgrade These points are discussed in more detail later on in this document Sales Invoices offering prompt payment discount If prompt payment discount is offered, a separate set of VAT Totals are displayed on the Invoice design. This will allow your customer to make the necessary accounting adjustments in their software. The standard text on the Invoice design states that no Credit Note will be issued to the customer once prompt payment discount is confirmed as taken. Adjusting the VAT Return If the prompt payment discount is taken, an accounting adjustment will need to be made to post the discount and to adjust both the goods and VAT values on the VAT Return. In Pegasus CIS version receipts from customers that have taken advantage of the early payment discount offered to them must be processed through the Process Cash Receipts function in the Contract Sales area of the Customers application. If you take advantage of the early payment discount offered to you by your supplier, the discount taken will need to be processed via a Credit Note. This can be done in either the Pegasus CIS or Opera software. Updated CIS, Opera 3 & Opera II versions If you offer or receive prompt payment discounts terms, you must upgrade before 1 April You must also run Update Data Structures on all companies in your Opera software after upgrading your software. These are the updated versions: Pegasus CIS ( ) Opera 3 (2.22) Opera II (7.42). Note: In Pegasus CIS and Opera prompt payment discount is referred to as settlement discount. Sage versions The following versions of Sage products are supported with Pegasus CIS ( ) Sage Line 200 v2015 Sage Line 200 v2013 R2 Sage Line 50 Accounts Guide to Pegasus CIS and Prompt Payment Discount Page 4 of 11

5 Before 1 April 2015: things to consider You may want to consider these points before 1 April 2015 to smooth the transition to the new prompt payment discount rules. For customers 1. Invoices that offer prompt payment discount dated before 1 April 2015 must be processed under the old rules. Any receipts received that do take advantage of the discount will not require accounting for under the new rules. You may then want to consider billing all relevant unprocessed Invoices because after 1 April 2015 they must be billed using the new prompt payment discount rules 2. If possible, ensure any required credit notes for invoices with prompt payment discount raised under the old rules are posted before 1 April Otherwise the credit note will be processed using the new rules and you ll need to either post a VAT-only invoice in Opera to adjust the VAT or overwrite the VAT value when creating the Credit Note in CIS to match the VAT figure of the Invoice being credited. 3. Ensure that any invoices printed before 1 April 2015 do not include references to the new prompt payment discount rules. Any invoices posted before 1 April 2015 that are reprinted after that date will be printed with VAT values as they were originally calculated and without reference to the new rules. 4. Invoices with prompt payment discount offered that are raised from 1 April 2015 onwards will display the VAT value from the posting and also what the VAT Value would be if the prompt payment discount offer is taken up by your customer. 5. Give consideration to customised Invoice designs and whether the new prompt payment discount text will have any impact. 6. Give consideration to whether you need to set the Next Settlement Discount Credit Note Number in the Sales Setup area. 7. Give consideration to the Nominal Account that requires entering post-upgrade into the new field in Sales Invoice Settings. For suppliers 1. If you use Opera as your accounts system, consider whether prompt payment discount should be taken for invoices using the Authorise Cheques or Authorise BACS commands before 1 April This will allow the discount to be taken under the old rules. Important: The Authorise Cheques and Authorise BACS commands will not be available for discount processing under the new rules. 2. Try to resolve any supplier disputes involving invoices posted before 1 April 2015 and post necessary credit notes. Guide to Pegasus CIS and Prompt Payment Discount Page 5 of 11

6 On 1 April 2015: setting up Pegasus CIS for the new ruling Below are details of the changes made to allow VAT to be calculated before prompt payment discounts for home currency transactions in Pegasus CIS. System Setup changes for prompt payment discounts System Settings If your business is affected by the new prompt payment discount legislation you will need to give consideration to what point you decide to update your Pegasus CIS software to use the new rules. How does Pegasus CIS ( ) determine whether the new rules are effective? A new option has been added to the System Settings form called Calculate VAT After Settlement Discount. It is situated on the right hand side of the form underneath the default Sales and Purchase VAT codes. After upgrading your Pegasus CIS software from an earlier version the Calculate VAT After Settlement Discount setting will be displayed as Yes. This means that VAT will be calculated under the old rules i.e. before 1 April When you are satisfied that you have completed any processing required under the old rules i.e. the raising of any Credit Notes relating to Invoices posted to the application before 1 April 2015 you must set the Calculate VAT After Settlement Discount setting to No How prompt payment discounts affect Customers and Suppliers Applications from 1 April 2015 Customers Sales Invoice Settings To record the values relating to the reduction in goods value generated by prompt payment discounting in the nominal ledger a new field called Settlement Discount Nominal A/c has been added to the Nominals tab of the Sales Invoice Settings form. See screen capture below. Guide to Pegasus CIS and Prompt Payment Discount Page 6 of 11

7 When entering this Nominal Account consideration should be given to how you want the discount of the goods value to be accounted for in the linked financial system. After upgrading from a previous version this new field will be blank and must be populated with the relevant account before prompt payment discount transactions are entered. Set Next Settlement Discount Credit Number To assist Pegasus CIS users that specify their own Sales Invoice Numbers a new item has been added to the Sales Setup folder called Set Next Settlement Discount Credit Number. If you offer prompt payment discounts to your customers, the invoices generated will display the VAT calculated before any consideration of the settlement discount rate applied to the transaction. See the screen capture below: When printed, the Invoice will display settlement discount details that will inform your customer of the accounting adjustment i.e. the Goods and VAT reduction that is required. Below is an example of a Customer Invoice with the settlement discount text: The above text fulfils the requirement set out by HMRC and no Credit Note is required to be sent to the Customer. Guide to Opera and Prompt Payment Discount Page 7 of 11

8 Processing Cash Receipts The recommended practice for dealing with settlement discount taken by your customer is to process the money paid to you through the Process Cash Receipts function in the Contract Receipts area of the Sales Invoicing folder. This process will automatically deal with the prompt payment discount adjustments required and ultimately update the VAT Return in your Opera financials system. As in previous versions of Pegasus CIS the following message relating to the offer of settlement discount is given. Answering Yes to the prompt will deal with both the goods discount and the VAT adjustment required. As shown below, a new field called Settlement Discount VAT has been added to the Job and Sales Allocation Details section of the Process Cash Receipts form to identify the VAT amount that requires adjustment. After the Cash Receipt has been updated and approved a separate Invoice Discount line is created. The Allocate Sales form below shows the adjustment in the grid. Important: ID is a new Transaction Type created specifically for dealing with prompt payment discounts Guide to Opera and Prompt Payment Discount Page 8 of 11

9 The Invoice Status is now Closed. The Cash Receipt Allocation History displays that no payment is outstanding. After the Opera financials have been updated, the prompt payment deduction can be viewed in the Opera software using the Detailed VAT Audit Trail. It is the second transaction displayed in the report below: Guide to Opera and Prompt Payment Discount Page 9 of 11

10 Purchase Ledger Prompt payment discounts will ultimately be accounted for in the financial system linked to Pegasus CIS. HMRC has not mandated the need for your supplier to issue a credit note to deal with the prompt payment discounts as long as the Invoice that you receive details the information of the VAT adjustment required if you were to take advantage of the discount given to you. In Opera 3 (2.22) and Opera II (7.42) a credit note must be used to account for the VAT liability as well as the discount value of the goods or services. In order to record any Purchase Credits against the relevant Job it is advised that any Credits are raised through Pegasus CIS rather than Opera. It will be necessary for the purchase ledger clerk to have an understanding of whether the supplier is expected to confirm the VAT Adjustment required via a credit note. This may cause operative issues as the user may wish to pay the invoice to take advantage of the prompt payment discounts offered but is not aware of the VAT adjustment required. They will have to gain confirmation of the adjustment required and the supplier reference before raising the credit note in order to allocate and close down the transaction. The VAT calculation when raising a Purchase Invoice or Credit Note in Pegasus CIS is exactly the same as in the Sales application i.e. the new System Setup field Calculate VAT After Settlement Discount is used to determine the calculation method. For further details on prompt payment discount in Opera s purchase ledger refer to the PPD user guide on the Opera 3 Info Centre pdf Be aware that any VAT rounding or discrepancies with the VAT adjustment value detailed by your Supplier will need to be accounted for by raising a VAT only Invoice or a VAT only Credit Note. These can be processed in Pegasus CIS or Opera. Jobs Prompt payment discounts will have an effect on current and historic jobs. Important: When upgrading from an earlier version of Pegasus CIS the Job totals are recalculated and if any prompt payment discount was either given or received then recorded profit on Jobs may be different from previous versions. The Jobs forms have been enhanced to display the Settlement Discount figure as part of the Payment Due calculation on the Sales tab. The same changes have been made to the Sales tab of the Job Headings form that is viewed from the Items button on the Job form and the Sales tab of the Period Analysis form that is viewed through the Job Transactions form that is also available from the Items button on the Job form. Guide to Opera and Prompt Payment Discount Page 10 of 11

11 Your notes End of guide Guide to Opera and Prompt Payment Discount Page 11 of 11

Further guide to Prompt Payment Discount. Opera 3 (2.23) Opera II (7.43)

Further guide to Prompt Payment Discount. Opera 3 (2.23) Opera II (7.43) Opera 3 (2.23) Opera II (7.43) (Version 1.0) Opera 3 (2.23) Opera II (7.43) Copyright Pegasus Software, 2015 Manual published by: Pegasus Software Orion House Orion Way Kettering Northamptonshire NN15

More information

Opera 3 (1.20) Opera II (6.91) Guide to Document Management Desktop

Opera 3 (1.20) Opera II (6.91) Guide to Document Management Desktop Opera 3 (1.20) Opera II (6.91) Guide to Document Management Desktop Opera 3 (1.20) Opera II (6.91) Release Guide () June 2011 Copyright Pegasus Software Limited, 2011 Manual published by: Pegasus Software

More information

Opera 3 (2.20) Opera II (7.40) Online Filing Manager (3.50)

Opera 3 (2.20) Opera II (7.40) Online Filing Manager (3.50) Contents Opera 3 (2.20) Opera II (7.40) Online Filing Manager (3.50) Checklists Guide 2014-15 Year End & 2015-16 Tax Year Contents Opera 3 (2.20) Opera II (7.40) Online Filing Manager (3.50) Checklists

More information

Capital Gold Payroll (4.00) Checklists Guide. 2014-15 year end & 2015-16 tax year

Capital Gold Payroll (4.00) Checklists Guide. 2014-15 year end & 2015-16 tax year Capital Gold Payroll (4.00) Checklists Guide 2014-15 year end & 2015-16 tax year Capital Gold Payroll (4.00) Checklists Guide: 2014-15 year end & 2015-16 tax year Copyright Pegasus Software, 2015 Guide

More information

Opera 3 (2.14) Scheduler (2.00) Pegasus Web Xchange (1.14) Opera II (7.34) Release Guide

Opera 3 (2.14) Scheduler (2.00) Pegasus Web Xchange (1.14) Opera II (7.34) Release Guide Opera 3 (2.14) Scheduler (2.00) Pegasus Web Xchange (1.14) Opera II (7.34) Release Guide Opera 3 (2.14) Scheduler (2.00) Pegasus Web Xchange (1.14) Opera II (7.34) Release Guide October 2014 Copyright

More information

How to: Account for Settlement Discount VAT Rule Changes from 1 st of April 2015

How to: Account for Settlement Discount VAT Rule Changes from 1 st of April 2015 How to: Account for Settlement Discount VAT Rule Changes from 1 st of April 2015 Users of Merlin who offer Settlement Discount to their Customers, or are given Settlement Discount by their Suppliers, will

More information

Opera 3 Installation & Upgrade Guide

Opera 3 Installation & Upgrade Guide Opera 3 Installation & Upgrade Guide Opera 3 Copyright Pegasus Software Limited, 2014 Manual published by: Pegasus Software Limited Orion House Orion Way Kettering Northamptonshire NN15 6PE www.pegasus.co.uk

More information

Opera 3 (1.80) Opera II (7.20) Online Filing Manager (3.30)

Opera 3 (1.80) Opera II (7.20) Online Filing Manager (3.30) Opera 3 (1.80) Opera II (7.20) Online Filing Manager (3.30) Product Changes Guide 2012-13 Year End & 2013-14 Tax Year Opera 3 (1.80) Opera II (7.20) Online Filing Manager (3.30) Product Changes Guide 2012-13

More information

Sage Pay user guide for Sage 50 Accounts Sage Instant Accounts

Sage Pay user guide for Sage 50 Accounts Sage Instant Accounts Sage Pay user guide for Sage 50 Accounts Sage Instant Accounts Table of Contents 1.0 Introduction 3 2.0 Versions & Features 4 3.0 Getting Started 5 4.0 Taking Mail & Telephone Order Payments 7 5. 0 'Pay

More information

Sage One Accounting Benefits and Frequently Asked Questions

Sage One Accounting Benefits and Frequently Asked Questions Sage One Accounting Benefits and Frequently Asked Questions Sage One Accounting Benefits No installations Simply log in and start working. You waste no time on installations. No upgrades You will automatically

More information

HMRC Change in UK Law for VAT

HMRC Change in UK Law for VAT HMRC Change in UK Law for VAT Prompt Payment VAT Discounts in Microsoft Dynamics NAV February, 2015 Overview HMRC VAT 2015 Changes - Prompt Payment Discounts (PPD) This change in PPD VAT legislation comes

More information

Getting started with Sage Accounts The online retailers guide

Getting started with Sage Accounts The online retailers guide Getting started with Sage Accounts The online retailers guide Contents Overview... 3 Which Sage Accounts package to use?... 3 Configuring Sage Accounts... 5 Nominal Codes... 5 Departments... 7 Bank Accounts...

More information

ADVANCED ACCOUNTING SOFTWARE FOR GROWING BUSINESSES

ADVANCED ACCOUNTING SOFTWARE FOR GROWING BUSINESSES ADVANCED ACCOUNTING SOFTWARE FOR GROWING BUSINESSES Supplier Payments Suppliers can be paid by electronic payment, automated cheque, or other method (such as cash or manual cheque). The default method

More information

CHAPTER 5: RECEIVABLES MANAGEMENT

CHAPTER 5: RECEIVABLES MANAGEMENT Chapter 5: Receivables Management CHAPTER 5: RECEIVABLES MANAGEMENT Objectives Introduction The objectives are: Provide a point of reference to the Payments tab on the Customer Card window. Explain the

More information

Opening Balances Process for a business that is VAT registered using the standard scheme or is NOT VAT registered

Opening Balances Process for a business that is VAT registered using the standard scheme or is NOT VAT registered Opening Balances Process for a business that is VAT registered using the standard scheme or is NOT VAT registered Correct opening balances are the key to bookkeeping activities. If you do not enter them

More information

What s new? Tips & Tricks

What s new? Tips & Tricks What s new? 1. What s new? Content New parameter and their functionality New fields and their functionality 2. Goal of the functionality extension 3. Tests and other Experiences 4. How to post standard

More information

Sage Accounting A Step by Step Guide

Sage Accounting A Step by Step Guide Sage Accounting A Step by Step Guide Integra Accounting Limited Chartered Certified Accountants 5 Station Road Hinckley Leicestershire LE10 1AW Tel: 01455 238551 Email: enquiries@integra-accounting.co.uk

More information

Sales Order Processing new features

Sales Order Processing new features Sage 200 Accounts v2009 is supplied with a new help system. The new help system is complemented by a comprehensive search facility across all of the accounting modules. We have provided this Sage 200 v5.1

More information

Version 1.3.4 User Guide

Version 1.3.4 User Guide Version 1.3.4 User Guide Document Version 1.4 QGate Software Limited D2 Fareham Heights, Standard Way, Fareham Hampshire, PO16 8XT United Kingdom Tel +44 (0)1329 222800 info@qgate.co.uk www.qgate.co.uk

More information

Omni Getting Started Manual. switched on accounting

Omni Getting Started Manual. switched on accounting Omni Getting Started Manual switched on accounting Omni Getting Started Table of Contents Install & Register... 3 Install and Register... 3 Omni Programs... 3 Users... 4 Creating Companies... 5 Create

More information

SAMPLE ACCOUNTS PAYABLE. Policies & Procedures FOR. Version Edited By Edited Dates Comments 1.0 Irene Bushnell November 2015 Baseline

SAMPLE ACCOUNTS PAYABLE. Policies & Procedures FOR. Version Edited By Edited Dates Comments 1.0 Irene Bushnell November 2015 Baseline ACCOUNTS PAYABLE Policies & Procedures FOR Version Edited By Edited Dates Comments 1.0 Irene Bushnell November 2015 Baseline Intacct AP Policies & Procedures October 2015 2015 Synergy Business Solutions.

More information

Getting Started 7. The Customer Ledger 19

Getting Started 7. The Customer Ledger 19 Contents Contents 1 Getting Started 7 Introduction 8 Starting Sage 50 9 Sage 50 Desktop Views 10 Settings 11 Company Preferences 1 Currency & the Euro 15 Customer & Supplier Defaults 16 Finance Rates 18

More information

Sage 300 ERP 2014. Bank Services User's Guide

Sage 300 ERP 2014. Bank Services User's Guide Sage 300 ERP 2014 Bank Services User's Guide This is a publication of Sage Software, Inc. Copyright 2014. Sage Software, Inc. All rights reserved. Sage, the Sage logos, and the Sage product and service

More information

Sage 300 ERP 2012. Bank Services User's Guide

Sage 300 ERP 2012. Bank Services User's Guide Sage 300 ERP 2012 Bank Services User's Guide This is a publication of Sage Software, Inc. Copyright 2014. Sage Software, Inc. All rights reserved. Sage, the Sage logos, and the Sage product and service

More information

SunSystems 5 Accounts Payable

SunSystems 5 Accounts Payable SunSystems 5 Accounts Payable December 2001 Contents Page Objectives... 2 Session 1 Creating Supplier Account Codes... 3 Session Objectives... 3 Creating a Supplier Account... 4 Supplier Address Code...

More information

Entering a Tax Only Accounts Payable Invoice via Document Entry

Entering a Tax Only Accounts Payable Invoice via Document Entry OpenAccounts Version 8 Prepared by Nadine Sutton Advanced Business Solutions Park House 300 Pavilion Drive Northampton Business Park Northampton NN4 7YE Tel: +44 (0)1604 666 800 Web: www.advancedcomputersoftware.com/abs

More information

Your Guide to setting up Sage One Accounting from your Accountant. Setting Up Sage One Accounting

Your Guide to setting up Sage One Accounting from your Accountant. Setting Up Sage One Accounting Your Guide to setting up Sage One Accounting from your Accountant Setting Up Sage One Accounting 1 Contents Introduction Introduction...3 Quick Start Guide entering key business information...4 Set Up

More information

Go to Tools General Ledger Setup Ledger Codes and Tab 5: Ledger Codes

Go to Tools General Ledger Setup Ledger Codes and Tab 5: Ledger Codes Debit Card Functionality in FMS6 The SIMS Spring 2015 release introduced functionality to assist schools to record the use of debit cards to pay for goods and services. Prior to this release, payments

More information

CHAPTER 5: RECEIVABLES MANAGEMENT

CHAPTER 5: RECEIVABLES MANAGEMENT Chapter 5: Receivables Management CHAPTER 5: RECEIVABLES MANAGEMENT Objectives Introduction The objectives are: Reference the Payments FastTab on the Customer Card. Explain the Cash Receipt Journal, which

More information

prof.itplus Release Notes Addendum Changes to the Handling of Prompt Payment (Settlement) Discounts

prof.itplus Release Notes Addendum Changes to the Handling of Prompt Payment (Settlement) Discounts prof.itplus Release Notes Addendum Changes to the Handling of Prompt Payment (Settlement) Discounts 13 th March 2015 Addendum Contents Page 1.0 Overview... 3 2.0 Background & HMRC Guidance... 3 3.0 Outline

More information

Reference Manual Agresso Accounts Payable

Reference Manual Agresso Accounts Payable Reference Manual Agresso Accounts Payable Contents Project background...1 Why Agresso?...1 Viewing Supplier Details...2 Scanning Invoices...5 Load Invoices...5 Invoice Registration...7 Overview...7 Purchase

More information

A guide to Sage 50 Accounts from your Accountant

A guide to Sage 50 Accounts from your Accountant A guide to Sage 50 Accounts from your Accountant As a small business owner you obviously want what s best for your business. That s why finding the right accountancy software is absolutely vital. Good

More information

Create a New Stock Item. Click Stock on top bar of buttons on main screen. To enter a new stock item onto the system click New.

Create a New Stock Item. Click Stock on top bar of buttons on main screen. To enter a new stock item onto the system click New. Chapter 6 Stock 139 140 Create a New Stock Item Click Stock on top bar of buttons on main screen. Stock Section To enter a new stock item onto the system click New. This will open the Stock Wizard. New

More information

Sage 300 ERP 2014. Tax Services User's Guide

Sage 300 ERP 2014. Tax Services User's Guide Sage 300 ERP 2014 Tax Services User's Guide This is a publication of Sage Software, Inc. Copyright 2014. Sage Software, Inc. All rights reserved. Sage, the Sage logos, and the Sage product and service

More information

Sage 200 v5.10 What s New At a Glance

Sage 200 v5.10 What s New At a Glance Introducing Sage 200 v5.10 Sage 200 v5.10 What s New At a Glance Sage 200 v5.10 sees the release of a number of new features including support for Microsoft Vista (Business and Ultimate Edition) and Microsoft

More information

Oracle FLEXCUBE Direct Banking Release 12.0.0 Corporate E-Factoring User Manual. Part No. E52305-01

Oracle FLEXCUBE Direct Banking Release 12.0.0 Corporate E-Factoring User Manual. Part No. E52305-01 Oracle FLEXCUBE Direct Banking Release 12.0.0 Corporate E-Factoring User Manual Part No. E52305-01 Corporate E-Factoring User Manual Table of Contents 1. Transaction Host Integration Matrix... 4 2. Assignment

More information

BackOffice 7.3 Bet a Release Notes BackOffice 7.3 Release Notes Accounts Receivable New Features Open Issues

BackOffice 7.3 Bet a Release Notes BackOffice 7.3 Release Notes Accounts Receivable New Features Open Issues ebackoffice 7.3 Beta Release Release Notes Notes Accounts Receivable New Features 2 Credit Memo 2 AR Netting 2 Customer 3 Dunning Letters 3 Non-AR Cash Receipts 4 Settlement 4 Terms 5 Write-off Receivable

More information

SAMPLE ACCOUNTS RECEIVABLE. Policies & Procedures FOR. Version Edited By Edited Dates Comments 1.0 Irene Bushnell November 2015 Baseline

SAMPLE ACCOUNTS RECEIVABLE. Policies & Procedures FOR. Version Edited By Edited Dates Comments 1.0 Irene Bushnell November 2015 Baseline ACCOUNTS RECEIVABLE Policies & Procedures FOR Version Edited By Edited Dates Comments 1.0 Irene Bushnell November 2015 Baseline Intacct AR Policies & Procedures October 2015 2015 Synergy Business Solutions.

More information

Getting Started with Sage One Start

Getting Started with Sage One Start Getting Started with Sage One Start Contents Introduction Introduction...3 Sage One Start in more detail...4 Getting started setting up the business...5 Configuring the Chart of Accounts...5 Importing

More information

Purchase Order Processing new features. Order entry Generate list of suggested purchases Print the negotiation reports Amend a suggested order

Purchase Order Processing new features. Order entry Generate list of suggested purchases Print the negotiation reports Amend a suggested order Sage 200 Accounts v2009 is supplied with a new help system. The new help system is complemented by a comprehensive search facility across all of the accounting modules. We have provided this Sage 200 v5.1

More information

AR Part 1: An Introduction to Accounts Receivable

AR Part 1: An Introduction to Accounts Receivable AR Part 1: An Introduction to Accounts Receivable Table of Contents 1. Overview... 3 2. Searching for a Customer... 4 3. Transactions... 6 4. Raising a sales invoice... 7 5. Completing a Transaction...

More information

VAT FILING ON LINE WITH SAGE

VAT FILING ON LINE WITH SAGE VAT FILING ON LINE WITH SAGE Wednesday 17 th February 2010 Wynnstay Hotel & Spa Presented by June Horne of Sage (UK) Limited Sage (UK) Limited Page 1 of 14 JH 11/09 chartered accountants Vital Support

More information

Mark-to-Market Accounting User Guide

Mark-to-Market Accounting User Guide Mark-to-Market Accounting User Guide Important Notice TaiRox does not warrant or represent that your use of this software product will be uninterrupted or error-free or that the software product can be

More information

Including Accounts Receivable, Budget Planning and Equipment Register. Revision History... 2. New and Updated Functionality in FMS 6.146...

Including Accounts Receivable, Budget Planning and Equipment Register. Revision History... 2. New and Updated Functionality in FMS 6.146... FMS 6.146 Including Accounts Receivable, Budget Planning and Equipment Register Contents Revision History... 2 New and Updated Functionality in FMS 6.146... 2 Enhancements in FMS 6.146... 2 Resizing of

More information

Agresso 5.5 Purchase Requisitioning and Task Management on the Web. User Guide

Agresso 5.5 Purchase Requisitioning and Task Management on the Web. User Guide Agresso 5.5 Purchase Requisitioning and Task Management on the Web User Guide Version : Date : Author: Email: 1.0 March 2010 Linda Downes Downesl@hope.ac.uk Contents Table of Contents 1. HOW TO ENTER A

More information

Opera II to Opera 3 Reasons to upgrade

Opera II to Opera 3 Reasons to upgrade Opera II to Opera 3 Reasons to upgrade One System. One Solution. Full integration across your entire business A guide for Pegasus customers Improving the way you work is our line of work We ve added and

More information

POSTING RCT AND VAT TRANSACTIONS ON COMPUTERISED ACCOUNTS SYSTEMS A GUIDE FOR ACCOUNTS PERSONNEL

POSTING RCT AND VAT TRANSACTIONS ON COMPUTERISED ACCOUNTS SYSTEMS A GUIDE FOR ACCOUNTS PERSONNEL POSTING RCT AND VAT TRANSACTIONS ON COMPUTERISED ACCOUNTS SYSTEMS A GUIDE FOR ACCOUNTS PERSONNEL 1 CONTENTS TAS Menu Page Introduction 3 Section 1 TAS SETUP 1. Set up VAT and RCT NOMINAL CODES 111 5 2.

More information

SAMPLE ACCOUNTS PAYABLE. Policies & Procedures FOR. Version Edited By Edited Dates Comments 1.0 Irene Bushnell November 2015 Baseline

SAMPLE ACCOUNTS PAYABLE. Policies & Procedures FOR. Version Edited By Edited Dates Comments 1.0 Irene Bushnell November 2015 Baseline ACCOUNTS PAYABLE Policies & Procedures FOR Version Edited By Edited Dates Comments 1.0 Irene Bushnell November 2015 Baseline Intacct AP Policies & Procedures October 2015 2015 Synergy Business Solutions.

More information

Bookkeeping and Accounting

Bookkeeping and Accounting Bookkeeping and Accounting within the Business Skills suite Unit Title: Preparing and recording financial documentation OCR unit number: M6 Unit reference number: J/600/8758 Level: 2 Credit value: 2 Guided

More information

Great Aycliffe Town Council. Purchase Ordering and Payment for Goods and Services Policy

Great Aycliffe Town Council. Purchase Ordering and Payment for Goods and Services Policy Great Aycliffe Town Council Purchase Ordering and Payment for Goods and Services Policy Finance Section April 2013 1.0 Introduction 1.1 This policy sets out the Council s arrangements for ordering, receiving,

More information

WHAT S NEW EXPENSE MANAGEMENT SERVICE. US Administrator s Guide IN YOUR. Release 3.1

WHAT S NEW EXPENSE MANAGEMENT SERVICE. US Administrator s Guide IN YOUR. Release 3.1 WHAT S NEW IN YOUR EXPENSE MANAGEMENT SERVICE US Administrator s Guide Release 3.1 Table of Contents INTRODUCTION... 3 SUMMARY OF CHANGES... 3 FOREIGN CURRENCY ENHANCEMENTS AND PROCEDURES... 4 NEW EXPENSE

More information

Microsoft Dynamics GP. Bank Reconciliation

Microsoft Dynamics GP. Bank Reconciliation Microsoft Dynamics GP Bank Reconciliation Copyright Copyright 2007 Microsoft Corporation. All rights reserved. Complying with all applicable copyright laws is the responsibility of the user. Without limiting

More information

AgExpert Analyst 2014

AgExpert Analyst 2014 AgExpert Analyst 2014 Meet the next generation of accounting software You work hard to make your operation successful. That means using the best, most up-to-date accounting software you can find. And that

More information

Introduction to Mamut Point of Sale

Introduction to Mamut Point of Sale // Mamut Point of Sale Introduction to Mamut Point of Sale Contents News in Mamut Point of Sale version 3.5... 2 Mamut Point of Sale... 3 Definitions of words and expressions used in the program... 7 Getting

More information

Absolute Software Topup Tax (Year 2 onwards)

Absolute Software Topup Tax (Year 2 onwards) Absolute Software Topup Tax (Year 2 onwards) Getting Started After having renewed the package online or with the Sales team you would have had a receipted invoice and a set of registration codes emailed

More information

for Sage 100 ERP Accounts Receivable Overview Document

for Sage 100 ERP Accounts Receivable Overview Document for Sage 100 ERP Accounts Receivable Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered

More information

Sage 200 CRM 2015 Implementation Guide

Sage 200 CRM 2015 Implementation Guide Sage 200 CRM 2015 Implementation Guide Copyright statement Sage (UK) Limited and Sage Hibernia Limited, 2015. All rights reserved. If this documentation includes advice or information relating to any matter

More information

User Guide Setup, sales, purchase and support information for your Clear Books account

User Guide Setup, sales, purchase and support information for your Clear Books account User Guide Setup, sales, purchase and support information for your Clear Books account Digital Edition Contents 4 Chapter 1: Customising your Dashboard 7 Chapter 2: Setting up a Bank Account 12 Chapter

More information

One System. One Solution. Full integration across your entire business.

One System. One Solution. Full integration across your entire business. One System. One Solution. Full integration across your entire business. Contact your local Pegasus Partner: Pegasus Software, an Infor TM company Orion House, Orion Way Kettering Northamptonshire NN15

More information

Checklist. Internal financial controls for charities. Contents. 1. Self-assessment checklist

Checklist. Internal financial controls for charities. Contents. 1. Self-assessment checklist 1 of 9 Internal financial controls for charities Checklist Contents 1. Self-assessment checklist 1 2. Some key issues, monitoring arrangements and risk of fraud 2 3. Income 3 4. Purchases and payments

More information

User Guide. Microsoft Dynamics GP 10 Upgrade. Understanding and using new features and functionality within Dynamics GP 10

User Guide. Microsoft Dynamics GP 10 Upgrade. Understanding and using new features and functionality within Dynamics GP 10 User Guide Microsoft Dynamics GP 10 Upgrade Understanding and using new features and functionality within Dynamics GP 10 Version 3.7 (Spring 2009) Microsoft Dynamics GP 10 Upgrade Copyright Copyright 1997-2009

More information

Registered Trademarks and Proprietary Names

Registered Trademarks and Proprietary Names 123 User's Guide Notice of Copyright Published by Maximizer Software Inc. Copyright 1988-2010 All rights reserved. Registered Trademarks and Proprietary Names Product names mentioned in this document

More information

Opera 3 & Opera II System Requirements Guide

Opera 3 & Opera II System Requirements Guide Opera 3 & Opera II Opera 3 & Opera II September 2013 Copyright Pegasus Software Limited, 2013 Manual published by: Pegasus Software Limited Orion House Orion Way Kettering Northamptonshire NN15 6PE www.pegasus.co.uk

More information

Subcontractor Compliance Management

Subcontractor Compliance Management Subcontractor Compliance Management Training Supplement for Version 12.1 CERTIFIED COURSE CURRICULUM SAGE UNIVERSITY IMPORTANT NOTICE This document and the Sage 300 Construction and Real Estate software

More information

Customer Relationship Management

Customer Relationship Management Customer Relationship Management Managing the lifeblood of your business Pegasus: always improving the way you work Pegasus has been one of the UK s leading suppliers of financial and business solutions

More information

for Sage 100 ERP Bank Reconciliation Overview Document

for Sage 100 ERP Bank Reconciliation Overview Document for Sage 100 ERP Bank Reconciliation Document 2012 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and the Sage Software product and service names mentioned herein are registered

More information

Accounts Receivable WalkThrough

Accounts Receivable WalkThrough PRACTICE CS Accounts Receivable WalkThrough Version 2014.x.x TL 27675a 1/16/15 Copyright Information Text copyright 2004-2015 by Thomson Reuters. All rights reserved. Video display images copyright 2004-2015

More information

Tabs3 Accounts Payable Guide

Tabs3 Accounts Payable Guide Tabs3 Accounts Payable Guide Tabs3 Accounts Payable Guide Copyright 2013-2015 Software Technology, Inc. 1621 Cushman Drive Lincoln, NE 68512 (402) 423-1440 Tabs3.com Tabs3, PracticeMaster, and the "pinwheel"

More information

Remote Console Installation & Setup Guide. November 2009

Remote Console Installation & Setup Guide. November 2009 Remote Console Installation & Setup Guide November 2009 Legal Information All rights reserved. No part of this document shall be reproduced or transmitted by any means or otherwise, without written permission

More information

CHAPTER 9: ACCOUNTS PAYABLE SETUP

CHAPTER 9: ACCOUNTS PAYABLE SETUP Chapter 9: Accounts Payable Setup CHAPTER 9: ACCOUNTS PAYABLE SETUP Objectives Introduction The objectives are: Create a payment schedule. Create terms of payment. Create a payment day. Set up a cash discount.

More information

Sage 50 Accounting. Premium 2014 Level 2. Courseware 1616-1. For Evauluation Only. MasterTrak Accounting Series

Sage 50 Accounting. Premium 2014 Level 2. Courseware 1616-1. For Evauluation Only. MasterTrak Accounting Series Sage 50 Accounting Premium 2014 Level 2 Courseware 1616-1 MasterTrak Accounting Series Sage 50 Premium Accounting 2014 Level 2 Lesson 2: Banking and Credit Cards Lesson Objectives In this lesson, you will

More information

Accounts Payable 6.4 User Manual

Accounts Payable 6.4 User Manual Accounts Payable 6.4 User Manual Accounts Payable TABLE OF CONTENTS Accounts Payable User Manual Introduction... 3 Purpose... 3 Accounts Payable Overview... 3 Enter Payable... 4 General Info... 6 Remit

More information

Epicor 9 Accounts Receivable Course 9.05.600

Epicor 9 Accounts Receivable Course 9.05.600 Epicor 9 Accounts Receivable Course 9.05.600 Disclaimer Copyright 2010 by Epicor Software Corporation. All rights reserved. Printed in the United States of America. No part of this publication may be reproduced

More information

Customer Relationship Management

Customer Relationship Management Customer Relationship Management Managing the lifeblood of your business One System. One Solution. Introducing Opera 3 A superior intelligence Opera 3 is a complete business solution: it can be fully integrated

More information

Compact Software. financial control for your business. Financial Control for your business

Compact Software. financial control for your business. Financial Control for your business Compact Software financial control for your business WinAccs Financial Control for your business THE WINACCS SUITE The WinAccs Accounting system is a fully integrated financial management system, which

More information

Microsoft Dynamics GP. Receivables Management

Microsoft Dynamics GP. Receivables Management Microsoft Dynamics GP Receivables Management Copyright Copyright 2010 Microsoft. All rights reserved. Limitation of liability This document is provided as-is. Information and views expressed in this document,

More information

Supply Chain Finance WinFinance

Supply Chain Finance WinFinance Supply Chain Finance WinFinance Customer User Guide Westpac Banking Corporation 2009 This document is copyright protected. Apart from any fair dealing for the purpose of private study, research criticism

More information

If you are new to our CT software or using the accounts facility for the first time:

If you are new to our CT software or using the accounts facility for the first time: If you are new to our CT software or using the accounts facility for the first time: Please see the accounts section near the end of this manual. There are lots of screen prints to guide you. IT IS ESSENTIAL

More information

PARITY SOFTWARE S SAGE ERP X3 CASHBOOK USER MANUAL

PARITY SOFTWARE S SAGE ERP X3 CASHBOOK USER MANUAL PARITY SOFTWARE S SAGE ERP X3 CASHBOOK USER MANUAL Introduction Parity s Cashbook allows for the efficient reconciliation of Bank Statements to Bank Entry transactions within Sage ERP X3. Parity s Cashbook

More information

Gift Card Guide GIFT CARDS...1

Gift Card Guide GIFT CARDS...1 Gift Card Guide 110911 2011 Blackbaud, Inc. This publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic, or mechanical, including photocopying, recording,

More information

Welcome to the new Sage 50 Accounts

Welcome to the new Sage 50 Accounts Welcome to the new Sage 50 Accounts What s new Easy install guide Getting started For more support, visit the Sage 50 Accounts Help Centre: sage.co.uk/new50accounts Contents New and improved features

More information

Download Path for 7 Zip : ( Username & Password to download = sqlutility ) **Make sure install the right one or else you can t find 7 Zip to Extract.

Download Path for 7 Zip : ( Username & Password to download = sqlutility ) **Make sure install the right one or else you can t find 7 Zip to Extract. How to Migrate Data from UBS? Step 1 : Get the UBS Backup file ( BACKUP.ACC & BACKUP.STK ) and place the UBS backup file to C:\UBSACC90\DB\20140704, every time create new folder under DB for new backup

More information

ICAEW Accreditation Scheme. Financial Accounting Software Evaluation. Sage (UK) Limited. Sage 50 Accounts Professional v21

ICAEW Accreditation Scheme. Financial Accounting Software Evaluation. Sage (UK) Limited. Sage 50 Accounts Professional v21 ICAEW Accreditation Scheme Financial Accounting Software Evaluation Sage (UK) Limited Sage 50 Accounts Professional v21 (Incorporating Sage 50 Accounts Plus v21, Sage 50 Accounts v21, Sage Instant Accounts

More information

In-depth information about Sage 50 Accounts: In-depth specification

In-depth information about Sage 50 Accounts: In-depth specification In-depth information about Sage 50 Accounts: In-depth specification Sage 50 Accounts is the UK's market leading accounts software - ideal for small and medium-sized businesses making running your business

More information

Oracle FLEXCUBE Direct Banking Release 12.0.1.0.0 Corporate E-Factoring User Manual. Part No. E52306-01

Oracle FLEXCUBE Direct Banking Release 12.0.1.0.0 Corporate E-Factoring User Manual. Part No. E52306-01 Oracle FLEXCUBE Direct Banking Release 12.0.1.0.0 Corporate E-Factoring User Manual Part No. E52306-01 Corporate E-Factoring User Manual Table of Contents 1. Transaction Host Integration Matrix... 4 2.

More information

Project Tracking 2015

Project Tracking 2015 Project Tracking 2015 Build Notes ENCORE BUSINESS SOLUTIONS www.encorebusiness.com twitter.com/encorebusiness.com encore@encorebusiness.com Copyright Build Notes copyright 2015 Encore Business Solutions,

More information

Partner. Sage Pastel. Accounting. Installation Guide

Partner. Sage Pastel. Accounting. Installation Guide Sage Pastel Accounting Partner Installation Guide Sage Pastel: +27 11 304 3000 Sage Pastel Intl: +27 11 304 3400 www.pastel.co.za www.sagepastel.com info@pastel.co.za info@sagepastel.com Sage Pastel Accounting

More information

How do I Process Discounts, Refunds and Rebates?

How do I Process Discounts, Refunds and Rebates? 1/5 How do I Process Discounts, Refunds and Rebates? 1. Introduction. 2. Discounts. 3. Invoice Discounts. 4. Payment Discounts. 5. Invoice Refunds. 6. Cash Refunds. 7. Rebates. 1. Introduction: You need

More information

February 2010 Version 6.1

February 2010 Version 6.1 HansaWorld University Point Of Sales (POS) Training Material HansaWorld Ltd. February 2010 Version 6.1 Table Of Contents INTRODUCTION...5 What is Point Of Sales?...5 THE 4 DIFFERENT WAYS OF USING POS...6

More information

December 2004 2303 Camino Ramon, Suite 210 San Ramon, CA 94583-1389 Voice: 925.244.5930 Fax: 925.867.1580 Website: www.miscorp.com

December 2004 2303 Camino Ramon, Suite 210 San Ramon, CA 94583-1389 Voice: 925.244.5930 Fax: 925.867.1580 Website: www.miscorp.com December 2004 2303 Camino Ramon, Suite 210 San Ramon, CA 94583-1389 Voice: 925.244.5930 Fax: 925.867.1580 Website: www.miscorp.com Copyright 2004 All rights protected and reserved TABLE OF CONTENTS I.

More information

Guide from Raymond Benn & Co. Limited

Guide from Raymond Benn & Co. Limited Guide from Raymond Benn & Co. Limited Tel: 01892 545021/549754 Fax: 01892 548956 Email: brian@raymondbenn.co.uk Website: www.raymondbenn.co.uk 0BChoosing accounting software Choose the right accounting

More information

LetMC.com Training Support Part 2 Issue 5.1 18/05/09 Accounting Irish Edition

LetMC.com Training Support Part 2 Issue 5.1 18/05/09 Accounting Irish Edition LetMC.com Training Support Part 2 Issue 5.1 18/05/09 Accounting Irish Edition (Tantum eruditi sunt liberi) Page 2 INTRODUCTION... 8 Payments and Deposits... 10 Taking Payments... 10 Make a Bank Deposit...

More information

Financial and Commercial Services. Government Purchasing Card (GPC) Procedures

Financial and Commercial Services. Government Purchasing Card (GPC) Procedures Financial and Commercial Services Government Purchasing Card (GPC) Procedures Date: Jan 2010 CONTENTS Contents 1. INTRODUCTION... 2 1 GENERAL RULES REGARDING USE OF THE GPC CARD... 2 2 PLACING AN ORDER

More information

Accountant Guide Includes everything you need to know to get started as a Clear Books Accounting Partner

Accountant Guide Includes everything you need to know to get started as a Clear Books Accounting Partner Accountant Guide Includes everything you need to know to get started as a Clear Books Accounting Partner Digital Edition Get ready to experience fast, reliable and secure accounting software that is easy

More information

Microsoft Dynamics GP. Invoicing

Microsoft Dynamics GP. Invoicing Microsoft Dynamics GP Invoicing Copyright Copyright 2007 Microsoft Corporation. All rights reserved. Complying with all applicable copyright laws is the responsibility of the user. Without limiting the

More information

Lesson Eight Using Accounts Payable (Suppliers)

Lesson Eight Using Accounts Payable (Suppliers) Lesson Eight Using Accounts Payable (Suppliers) Accounts Payable transactions can be entered in a variety of ways. Purchase Orders can be entered and printed to request products or services from your vendors.

More information

Creditor Manual User Guide

Creditor Manual User Guide Creditor Manual User Guide Page 1 of 20 Table of Contents Introduction... 3 Set Up Control Files :... 4 Entity Codes... 4 Control Account Bank Account... 5 Create the Model Account... 5 Create the Posting

More information

Sage Cloud Connector Getting Started Guide. January 2014

Sage Cloud Connector Getting Started Guide. January 2014 Sage Cloud Connector Getting Started Guide January 2014 This is a publication of Sage Software, Inc. Copyright 2014 Sage Software, Inc. All rights reserved. Sage, the Sage logos, and the Sage product and

More information