Payments

Use the commands on the Payments submenu to view and authorise outstanding invoices and print cheques, create BACS files, produce a cheque or BACS list and a payment forecast.

Report	Use
Suggested Payments	Provides a list of your supplier transactions that have an outstanding balance. The report shows the invoices that are payable either because the payment due date has been reached or because they can be paid early to take advantage of settlement discounts offered by your suppliers. If you use the multi-currency feature, the report shows currency values for foreign suppliers. You can choose to include only suppliers that use a specific currency, or you can include all currencies.
Authorise Cheques	Lists outstanding invoices due for cheque payment. Cheques for those payments you authorise can then be produced using the Print Cheques command.
Authorise BACS	Lists outstanding invoices due for BACS payment. BACS transmission files for those payments you authorise can then be created
Print Cheques	Prints cheque on preprinted stationery for those payments authorised using the Authorise Cheques command.
Print Cheques and Remittance Advices	Prints a combined remittance advice and cheque on preprinted stationery for those payments authorised using the Authorise Cheques command.
Create BACS File	Creates a file for transmission via BACS software for those payments authorised using the Authorise BACS command.
Cheque List	Lists the cheques printed as a result of using the Print Cheques command that have not been listed previously.
BACS List	Lists the BACS payments created as a result of using the Create BACS File command that have not been listed previously.
Payment Forecast	Produces a report showing the value of invoices due for payment by a future date.
Supplier Bank Details	Produces a list of the supplier records that also displays each supplier's bank details, for example the bank account number, sort code, Bank Identifier Code (BIC) and International Bank Account Number (IBAN).
Invoice Payment Summary	Produces an analysis of payments made during the chosen period. The report is divided into sections for full payments made, a payments summary and an invoices summary.
Transmitting BACS	Passes the payment detail from the accounting system to the BACS software for onward transmission to the bank.