Adding and Modifying Accts-BACS Tab

BACS Tab

This help topic, part of Add/Modify Accounts, deals with the BACS Tab of the Sales Ledger account record. A clear understanding of the information in it will be essential to all users.

You are shown the details regarding the payment of the selected account by BACS (Bank Automated Clearing System). The BACS payment information is presented under the following fields.

Note: This tab will only appear if you have the BACS Submission module installed on Autoline.

Payment by BACS	This is a Yes/No flag to indicate whether this account is being paid through BACS payments. When this flag is set to 'N' the other fields on this tab are disabled.
BACS Account name	This is the customers Bank Account name from which the BACS payments are going to be withdrawn.
BACS Sort code	This is the Sort code of the Bank from which the BACS payments are going to be withdrawn.
BACS Account Number	This is the Account Number within the Bank from which the BACS payments are going to be withdrawn.
BACS Account Type	Bank Accounts for BACS payments have to be of a special type. This type will be given to you when your customer agrees to make payments by BACS. Unless told otherwise by your Customer this will be set to 1.
Consolidated payment	This check box if indicates that the BACS payments will be a net value of Invoices and Credit Notes selected for payment instead of two BACS entries one for Invoices and one for Credit Notes.