This tab contains general information about this bank payment with the Tax Payment transaction type: the entity, tax type, the document which is the basis for this payment, and other data which may depend on the configuration of your system.
If you are manually creating this payment, it is recommended that you first select Tax Payment in the Transaction Type field—this enables the fields appropriate for this transaction type.
The required fields are: Cash Flow Item, Amount, Entity, and Bank Account.
The "Bank Payment (create)" form. The Main tab
The Tax Type field shows the default value, VAT. Select another tax type if needed.
In the Type of Payment field, you can select one of the following types:
- Tax: To register a tax payment which was made to the Tax Authority.
- Penalties: To record the penalties paid to the Tax Authority.
- Interest: To record the interest paid to the Tax Authority.
<Auto> in the Number field indicates that a number to this document will be assigned automatically once you save the document. The From field is populated automatically with the current business date. You can select another date, if necessary.
In the Entity field, select an entity of your company for which this document is being prepared. The Entity field is available if the Multi-Company Accounting option is selected on: Administration > Settings> General Settings. You can select your personal default entity to appear in documents; for this, refer to Personal Settings. If you have not selected your default entity, the entity defined first will be used as the system default value.
In the Basis field, you can select as the basis a document of the VAT Liability type related to the period of the tax payment. Click the Fill by Basis button to populate the document fields with the data from the basis.
The Bank Account field shows the default bank account of the selected entity; however, if needed, you can select another bank account.
In the Amount (AED) field, specify the payment amount to be paid to the Tax Authority in the national currency. The Amount field is populated with the amount in the currency of the bank account from which 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 Comment text box, you can specify some additional information for this payment.
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.
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.
For descriptions of other buttons, see Document Toolbar.
Other information
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)