How do I create an internal account?

More Information

Go to "Accounts" -> "Sales Ledger" -> "Customer File Maintenance" -> "Add or Edit Customers", and for "Search on:", type the word 'Internal' and press <F6> to create a new account.

Details

• Fill out all the relevant contact details for the internal account.

Invoicing

• Click the <Invoicing> tab.

"Centre Modifier"

Type 'I' and then press <Enter>and then press <Enter> on the warning message that is displayed.

"V.A.T. rate:"

Set to the Exempt Rate set for your system.

"Payment Centre:"

Get the cursor in the Ledger Centre field and press <Ctrl+F1> to bring up a search box, and then type 'internal' and press <Enter>. Select the relevant centre for the internal account in question. If one doesn't exist, contact your Accounts Department and ask that they create one for you.

"Cash Sale:"

Set this 'Yes', Invoices are paid off immediately to the internal account specified in the above step

"Internal:"

Set this to 'Yes' (Transactions to internal accounts are considered "Outside the Scope" for V.A.T. purposes and will not appear on your VAT100 report).

Groups/Analysis

• Click <Groups/Analysis> tab.

"Group:"

Type 'INT'. Once again, this will aid you for reporting purposes.

See also

• Creating a New Customer/Supplier

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