How do I create an internal account?

Summary

The following article shows the preferred method for setting up an Internal Account from within Platinum.

More Information

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

• On the first tab, fill out all the relevant contact details for the invoice account.
• Next, press the <Invoicing> tab and amend the fields listed below as follows:
  • Centre Modifier: Type 'I' and then press <Enter>and then press <Enter> on the warning message that is displayed.
  • Set the V.A.T. rate to the Exempt Rate set for your system.
  • "Payment Centre:" Get the cursor in the Ledger Centre 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 a suitable one doesn't exist, contact your Accounts Department and ask that they create one for you.
  • "Cash Sale:" Set this to "Yes", so that 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).
• Click <Groups/Analysis> tab and in the "Group" field, type "INT". Once again, this will aid you for reporting purposes.

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Keywords AND Misspellings

Creating internal accounts