Settings - Payments

Payments

Field	Description
Load Alternative Claims	Specifies whether alternative claims on the payer are loaded from the bank.
Max Difference in Reconciliation of Sales	Specifies the maximum difference allowed in reconciliation of sales invoices.
Max Difference in Reconciliation of Purchase	Specifies the maximum difference allowed in reconciliation of purchase invoices.
Default Category of Foreign Payments	If a foreign transfer is made, it is automatically set to this category until otherwise selected.
Pay Recipient's Cost of Foreign Payments	If this field is checked, then the system records that the cost of the foreign payment will be charged to the payer.
Alternative Claims ID	Indicates which ID means that a claim is an alternative claim.
Alternative Claims Text Code	Indicates which text code means that a claim is an alternative claim.
Automatic Exchange Rate Update	If this field is checked, the exchange rate will be updated automatically if the payment is recorded on a different date than the current date.
Unlimited Access to Exchange Rate Updates	If this field is checked, the exchange rate will be fetched with the first bank user for each bank regardless of who requests the update.
One Document Number per Journal	If this field is checked, all entries in the payment journal will have one document number.
Fee Counter Account	Specifies which account the cost is posted against in the payment journal (e.g. default fee).
Interest Counter Account	Specifies which account interest is posted against in the payment journal.
Payment Number Sequence	Specifies which number sequence to use for payments on claims.
Match Payment Proposals with Claims	Specifies whether to match payment proposals in the payment journal with claims from the bank.
Default Bank Account	It is possible to select a default bank account for the payment journal.
Send Payment on Final Date	If this field is checked, the forward payment date is used. Forward payment is then automatically paid on the specified final date.

Foreign Payments

Field	Description
Default Category of Foreign Payments	Specifies which category of foreign payments is default in payments.
Pay Recipient's Cost	If this field is checked, the payment will be marked in the bank so that the payer will pay all costs.
Retrieve Cost of Foreign Payments	If this field is checked, the cost of foreign payment will be read in the payment journal when a foreign payment is confirmed.
Account for Foreign Payment Costs	Accounting code to post the cost of foreign payments to.
Bank Account for Foreign Payment Costs	Default bank account for costs of foreign payments. Landsbanki: This value is sent to the bank and used to post in the payment journal. Arion: This value is only used to post in the payment journal, to set a special cost account you must contact Arion.
Send Receipt to Email Address	If this field is checked, the payment will be marked in the bank so that the bank will send an email with a receipt to the recipient. The email address must be registered on the vendor's bank account.