Useful Information
When adding a new supplier, a cost centre can be allocated to the supplier and saved for subsequent use, or a cost centre can be selected each time a payment is entered against that supplier.
For example, for your uniform supplier, the cost centre would remain constant, but for the coach company, the cost centre would change depending on the trip or event.
Record a Payment to a Supplier
- Click on the Expenditure tab
- Select Payment to supplier
- Select the supplier from the Supplier list or click Add new to Add a Supplier
- Select the Cost centre
- Select Account codes, if required
- Click to Specify the payment type as Cash, Cheque, Credit/debit or Petty cash
- To set an Effective date (i.e. to record income, for reporting purposes, as received on a date prior to the current date), tick the Enable box, click the down arrow next to Effective date and select the required date from the displayed calendar.
Note: to be able to set an Effective date, a transaction effective date limit must first be set - Enter the Gross amount
- If required, tick the Vat'able? box to calculate VAT on the gross amount. The VAT is reported on the relevant Sales Report
- Click Done
- For Cheques or Credit/debit transactions, enter the payee name in the Payment issued to box
- Enter the school reference in the Enter details/reference box
The Payee name and Reference will appear in the Check bank statement screen for easy identification - Click Done
See also