After you enter a bank code, Bank Services displays the bank account number specified in the Bank record.
On the Bank Transfers window, this field is named Bank Account.
The amount transferred to the destination bank from the originating bank.
For a multicurrency bank, you can display the amount in the statement currency of the destination bank, or you can select any of the currencies used by the destination bank.
This unlabeled field displays beside the Deposit Amount field.
It defaults to the currency of the country you selected during your Sage HRMS Payroll database setup.
Enter a description (up to 60 characters) of the transfer. After the transfer is posted, the description displays in the Reconciliation report.
The bank you are transferring funds from; it must already be defined in your company database.
For multicurrency banks, Bank Services displays the transfer amount and the deposit amount in your functional currency.
For multicurrency banks, Bank Services displays the transfer amount and the deposit amount in your functional currency.
Enter a reference for the transfer, if you wish, up to 60 characters.
The bank you are transferring funds to; it must already be defined in your company database.
The amount of the transfer.
For a multicurrency bank, you can specify the amount in the statement currency of the originating bank, or you can select any of the currencies used by the originating bank. (Use the Finder in the adjacent field to specify the currency code.)
For a multicurrency bank, you can specify the transfer amount in the statement currency of the originating bank, or you can select any of the currencies used by the originating bank. (Use the Finder to select the currency code.)
To automatically generate transfer numbers, go to Setup > Payroll > Bank Services > Bank Options and enter the first transfer number in the Next Number field before using the Bank Transfers feature.
Use the calendar button beside the Transfer Posting Date field to select the date the transfer will be posted to General Ledger.
This date automatically determines the value in the Year/Period field (that is, the fiscal year and period to which the transfer will be posted to General Ledger).
The description (up to 60 characters) of the General Ledger account where the transfer Service Charge is to be processed.
The amount you are charged for transfers by the originating bank or the destination bank, displayed in the same currency specified for the transfer amount or the deposit amount.
You use a separate line to record the service charge for each bank.
The bank codes that display here are those of the banks you chose in the From Bank and To Bank fields.
Service charge amounts are displayed in the currencies used for the transfer amount and the deposit amount.
Specify the distribution code that includes the general ledger account you want to update when you post the entry or transfer.
The description for the code you specify displays.
You use this field to specify a general ledger expense account to debit for the service charge.
If you specified a distribution code, the program displays the account associated with that code, but you can change the account.
Note: Do not select an account if posting to it is prohibited in the General Ledger account record.
If the service charge you've added to the bank transfer is taxable, double-click in the field to change the entry to .
If the tax authority associated with the tax group for this bank does not allow taxes to be included, then the tax amount displays in the Tax Excluded field.
When you click for Taxable, the amount in the Amount field displays in the Tax Gross Distribution Amount field. This amount can change if you click the button in the Taxable field to select a Tax Group.
If the tax authority associated with the tax group for this bank allows taxes to be included, then the tax amount displays in the Tax Included field.
This is the total of all the amounts from the Tax Amount fields for all the tax authorities in the table.
These fields show the arithmetical relationship between the transfer amount from the originating bank and the deposit amount at the destination bank.
If the transfer is between two source currencies (not the functional currency), you can change the operator (in the Transfer - Deposit Conversion field) and the operand (in the By field) to compute the exchange between the currencies, directly.