Use the Finder button to select the bank account you require from the list of available accounts. If the bank account does not exist, click New at the bottom of the list to create a new bank account æon-the-flyÆ.

Describe the payment transaction here, e.g. Motor Expenses.

TodayÆs date will be entered for you automatically but you can change this as required.
If you have several payments to enter with the same date, why not change the program date?

If you are not concerned with VAT analysis, you can simply enter the gross amount in this field. If you need to record VAT you will normally enter the net amount of the payment. However, you can enter either the net or gross amount here, according to how you want Sage Line 50 to calculate VAT.
If you enter the gross amount here, you can instruct Sage Line 50 to calculate the VAT amount and the corresponding net amount by clicking Calc Net. The amount field is then changed to reflect the true net amount.
Each time you enter a value in the amount field, the analysis total is updated at the foot of the column.
Note: You can access the euro calculator from this text box by pressing F5.

If required, enter a reference here for this payment. This will appear on the audit trail next to the transaction.

A tax code has already been entered for you that has been copied from the tax code set up as your SupplierÆs Default. Change this to whatever VAT code is appropriate for this payment item, i.e. T0 to T99.

Enter a nominal account code for the payment to be posted to. Alternatively, click the Finder button to select from the list of available codes. You can create a new account code here if necessary.

This box displays the amount of VAT automatically calculated from the Net amount and the tax code. If you entered a zero-rated VAT code (e.g. T0) then the VAT amount will be zero.

Enter the department here. This transaction can then be analysed in your reports and on the audit trail against the selected department.

This shows the total of the amounts entered in the Net column.

This shows the Gross total of the batch payments. (Net Total + Tax Total).

This shows the total of the amounts entered in the Tax column.

The name of the bank account will automatically appear in this box when you enter the bank account code.

This is the tax rate for tax code you selected.

The name of the nominal ledger account will automatically appear in this box when you enter the nominal account code.