Outgoing Payments: Account

The following fields appear in the Outgoing Payments window.

To open the window, choose Banking Outgoing Payments Outgoing Payments ; then choose Account.

Note Note

This topic documents fields and other elements in this window that either are not self-explanatory or require additional information.

End of the note.

Project
To relate the outgoing payment to a specific project, specify the required project.

Doc. Currency
Document’s currency. The default value is the local currency. Specify another currency if required. If you specify a foreign currency, the exchange rate defined in the Exchange Rates and Indexes table for the selected currency for the document's posting date is displayed. Change this rate if required.

No.
Default numbering series and current number of the outgoing payment in the default numbering series. Specify another series if required.

Posting Date, Document Date
Current date by default. Change the dates if required.

Due Date
Current date by default, which will be the due date of the account row in the journal entry created by the document. After you specify the details of the payment means in the Payment Means window, and return to the Outgoing Payment window, this field is updated and displays the weighted average of the due dates defined for the payment means. If required, change this date before you add the document.

Reference
Enter an additional reference if required.

Transaction No.
Number of the journal entry created by this document. The number appears after you have added the outgoing payment.

Doc. Remarks
Enter any details regarding the amount paid for this account.

Amount
Specify the amount referred to the account.

Total Amount Due
Total amount of the payment in local currency. Appears only when the selected document currency is the local currency.

Amount Due (FC), Amount Due (LC)
Amount of the payment in the selected foreign currency and in local currency according to the exchange rate defined in the document. Appear if the document currency is other than the local currency.

Remarks
Enter any remarks regarding this outgoing payment.

Journal Remarks
Enter the details to be displayed in the Remarks field of the journal entry. Includes by default the text: `Outgoing – Account Code`. If the outgoing payment is for more than one account, the code is for the last account in the document.

Tax Definition
Specify a tax group according to which the tax will be calculated for the account in the row.

Net Amount
Specify the amount before tax. This amount is the basis of the tax calculation, if you specified a tax group for Tax Definition. Example Net Amount = 100, Tax Definition = 16% Tax calculation: 100X16% = 16 End of the example.

Gross Amount
To display and activate this column, select Visible and Active in the Form Settings – Incoming Payment window. Specify the amount including tax. SAP Business One calculates the tax amount as follows: Gross Amount minus Net Amount. Example Gross Amount = 116, Tax Definition = 16% Net Amount = 116/116% = 100 Tax Amount = 116-100 = 16. End of the example. Caution If you change the amount in the Net Amount field after you enter an amount in the Gross Amount field, the tax is recalculated according to the Net Amount method. Therefore, the tax amount and the gross amount might be different. End of the caution.

Net Total
Total amount of payment before tax.

Total Tax
Total amount of tax included in the outgoing payment. To view the tax amount calculated for each row, open the Form Settings - Outgoing Payments window and select Tax Amount on the Table Format tab. You can change the tax amount of a specific row, if required. The total tax amount is updated accordingly.

Branch
Select a branch from which you want to choose an account. Note This field is available only if you have enabled multiple branches. End of the note.

Location
This field is: Enabled only when payment is made through the tax payment wizard Read only Not available for manual payment

Residence Number Type
Select the identification document of the business partner, for example, certificate of fiscal residence or passport. This field is visible only if Extended Tax Reporting is selected in the company details (see Initializing Tax Reporting According to Model 340).

Operation Code
Specify the type of the transaction you are carrying out with the business partner, for example, summary invoices. The values available for selection are based on the codes defined by the Spanish financial authorities. This field is visible only if Extended Tax Reporting is selected in the company details (see Initializing Tax Reporting According to Model 340).