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Grouping Credit Entry in Bank Account for Vendor Payments using Pay Wizard

Former Member
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Dear All

We are currently testing Payment Wizard for BACS Payments to Vendors . We have successfully posted payments to Vendor Accounts and to the Bank Account in GL. However we note each Vendor payment is credited to the Bank Account individually even though the Bank will take the payment in one amount for the Payment File Total.

Is it possible to credit the Bank Account with the Total Payment Run value as one amount only so that the credit matches exactly the manner in which the Bank will take the payment ?

I realise that we could process BACs through a dummy GL Account for the Bank and journalise to the Bank Account in total but would prefer to avoid this option.

Regards

Seán Lyons

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Dear Seán,

Welcome you post on the forum.

Even though it is not ideal, you may not be able to avoid such additional clearing account since the way B1 works can not be changed.

Thanks,

Gordon

Former Member
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Dear Gordon

Thank you for your response to my Query.

Regards

Seán Lyons

Former Member
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Please close your thread.

Answers (0)