This tab provides general information on a bank payment: bank accounts of parties of the transaction, basis document, amount, date, and so forth.
Bank Payment (Repayment of Loan Received) can be generated based on the amortization schedule available in the Loan Agreement document. If you are manually creating this payment, it is recommended that you first select Repayment of Loan Received in the Transaction Type field—this enables the fields appropriate for this transaction type.
On this tab, the following fields are required: Lender, Lender Bank Account,Cash Flow Item, Amount, Entity, and Bank Account.
The "Bank Payment (create)" form. The Main tab
In the Lender field field, specify a company who lent the specific amount of money to your company ( entity).
In the Lender Bank Account field, select the bank account of the company to which your company entity must repay the debt.
To be able later to analyze the cash flows, in the Cash Flow Item field, specify the cash flow item associated with loans received by your companyentity.
<Auto> in the Number field indicates that a number to this document will be assigned automatically when you save the document. The From field is populated automatically with the current business date. You can select another date, if necessary.
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The Basis field is auto-populated if this bank payment was created on the basis of a document of the following types: Bank Receipt (Loan ReceivedLoan Agreement, Money Payment (Plan). If needed, you can manually select the basis document from the list of available documents (for this, click Show all from the drop-down list). Once the basis document is selected, the data is copied to this bank payment. If, after you edited the document, you want to cancel the edits, click the Fill in button – the details from the basis document will be copied to the payment.
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In the Amount field, specify the total repayment installment amount , to be paid to the lender. The default currency of the amount is the currency of the bank account from which which the the payment is issued. The effective exchange rate for the currency with respect to the national currency is shown to the right of the field.In the Taxation Amount field, you can specify whether the transaction is taxable.
In the Comment text box, you can specify some additional information for this payment.
Other information
The reconciliation status of the document appears in the left lower corner of the form if the Bank Statement Reconciliations option is selected on the Administration > Settings > Money form and the Reconcile Bank Statements option is selected in the bank account's master record. For a new document, the default status is Unmatched; after the Bank Reconciliation document (in which this payment was matched to a bank transaction) was posted, reconciliation status may change to Partly Matched or Matched.
For documents with the Partly Matched or Matched reconciliation status, the Unmatch button appears to the right of status so that you can click it to undo matching of this document to a bank transaction.
Also at the bottom of the form, you can view who created this document and the current status of the document; it can be one of the following:
- New (document was created, but not recorded to the database)
- Not Posted (document was recorded, but not posted)
- Posted (document was posted)
- Marked for Deletion (document was marked to be deleted)
The toolbar buttons
After entering some data on the tab, click the Save button to save your work. After filling out all the tabs, click Post to save and post the document without closing it or Post and close to save, post and close the document.
The Document Settings button is available if the Apply Bank Charges is selected on the Bank Charges tab, the Bank Statement Reconciliation option is selected on the Administration > Settings > Money form, and the Reconcile Bank Statements option is selected for the bank account.
The Document Settings dialog box
You can select how this Bank Payment will be presented in a Bank Reconciliation document:
- With the Total Amount
- With the Net amount
- With two amounts: amount of bank changes and net amount
Click Cancel to dismiss the changes and close the dialog box. Click OK to save your changes and Keep Choice to make the currently selected option the default option and close the dialog box.
For descriptions of other buttons, see Document Toolbar.
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