• Out Of The Company Funds Held At Bank
• Bank Loan Draw Down
• Finance Lease
• Hire Purchase

To pay out of the Company Bank Account

Bank>Payments

Payments From

Select the bank account from the drop-down list from which the payment was made (bottom right-hand corner of the entry screen). You must ensure you are working from the correct bank account at the start.

Reference

This is the cheque number or the bank statement reference in the case of Direct Debits/Standing Orders

Date                                                                        

Date as written on the actual cheque or in the case of Direct Debits/Standing Order the date of transaction per the bank statement

Supplier/Payee

Select the Supplier from the Supplier listing (F2) that you are paying.

Nominal Account              

The Nominal account will default to Trade Creditors, this cannot be changed and is the correct account as you are now paying off the Supplier of the Asset, the purchase of which was already accounted for in the purchase invoice entry.

Amount                                                                  

The amount per the cheque or bank statement paid to the Asset Supplier.