How do I create an internal account?
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Revision as of 13:03, 18 May 2009 by Tim Laundon (talk | contribs) (New page: == Summary == The following article shows the preferred method for setting up an Internal Account from within Platinum. == In Detail == *Get into "Accounts" -> "Sales Ledger" -> "Customer...)
Summary
The following article shows the preferred method for setting up an Internal Account from within Platinum.
In Detail
- Get into "Accounts" -> "Sales Ledger" -> "Customer File Maintenance" -> "Add or Edit Customers", and in the "Search On" field, type the word "internal" and press <F6> to create a new account.
- On the first tab, fill out all the relevant contact details for the invoice account.
- Next, press the <Invoicing> tab and amend the fields listed below as follows:
- Centre Modifier: Type "I" and then press <Enter>and then press <Enter> on the warning message that is displayed.
- Set the V.A.T. rate to the Exempt Rate set for your system.
- Payment Centre: Get the cursor in the Ledger Centre field and press <Ctrl+F1> to bring up a search box, and then type "internal" and press <Enter>. Select the relevant centre for the internal account in question. If a suitable one doesn't exist, contact your Accounts Department and ask that they create one for you.
- Cash Sale: Set this filed to "Yes", so that invoices are payed off immediately to the internal account specified in the above step.
- Internal: Set this to "Yes" (Transactions to internal accounts are considered "Outside the Scope" for V.A.T. purposes and will not appear on your VAT100 report).
- Now click <Groups/Analysis> tab and in the "Group" field, type "INT". Once again, this will aid you for reporting purposes.
