Related topics: Collections, Export, Suggested Collections, Returns

According to HMRC rules, VAT on all invoices should be based on the full price. Suppliers must account for VAT on the amount they actually receive, and Customers can recover the amount of VAT that is actually paid. As such, a Credit Note is automatically generated for any Settlement Discount value and allocated to the invoice and payment so that VAT is correctly accounted without the need for manual adjustments. More information with examples is available; see How To… » VAT on Settlement Discounts.

A Customer may be set up for Direct Debits. This topic relates to the Direct Debit Collections screen where you can choose which Invoices are being collected. Direct Debit Collections consists of a Selection screen where you are able to enter search criteria to identify and create a list of outstanding transactions to be paid.

To use this feature, you must have the Direct Debit unlock and have Security Profile access.

Calculation of VAT on all invoices should be made based on full price. The system checks the method that was used to calculate the settlement discount at the time the invoice was raised to ensure that Settlement Discounts are not applied twice to the VAT value.

See also: DD Collections - Export

There are two ACR Reports for the Direct Debit feature:

You are able to specify a number of 'Find Transaction by' criteria which can be used to refine the list of transactions, and 'Payment Detail' fields used to specify the details to be added to the Receipt transactions that are generated when the Direct Debit Collections are processed.

Select Display on the toolbar to generate a list of transactions matching your search criteria. If no transactions are found, you are so informed.

A list of valid, outstanding Sales transactions that match your search criteria are displayed.

To be classed as valid, the following conditions must be met when the search is set to AUDDIS:

Clicking Set % button overrides the default display of Settlement Discount. Clicking the button once will clear any Settlement Discount already displayed. Clicking a second time will re-display any Discount it has previously cleared.

Clicking the D button sets and removes the Dispute flag. Clicking the button once sets the Dispute flag for all Invoices displayed; Clicking the button a second time clears the Dispute flag for all Invoices displayed. The Dispute flag can be set/removed for individual Transactions by selecting the Transaction in the list and setting or un-setting the * Disputed check box. When flagged as being Disputed then when you save, and when a ledger Query Type has been saved, a Query Details dialog prompts you for the Query Type.

Removes the selected transactions from the list. Removed transactions are reinstated on refreshing the list.

Re-opens and puts focus on the Search pane.