Global Operations
Global Data Entry
This window allows data entry to a client without having to load the client first. The operation of this window is similar to the Client Data Entry window with the exception of the client selection process described below.
When first accessed the cursor will be located in the Client field allowing entry of the appropriate Client Code. The F2 facility can be used to select the client.
Having selected the required client press TAB, or click on the Options field. The options field will then be updated with the data entry options appropriate to the selected client.
Interest Calculation
The Interest Calculation window provides for the calculation of interest chargeable, or payable, on individual nominal ledger account balances for an individual client or for a group of clients. Automatic postings of the interest charges or payments may be generated, if required.
The basis of calculation, and the calculation period, can be defined separately and for each account to which interest is applicable. Both simple and compound interest are provided for.
The rate of interest used in the calculation is defined according to a daily Base Rate Table (multiple tables can be set up to cater for different currencies or different interest rate structures). The selection of the interest rate used can be further refined by the use of Band Tables which can link a debit, or credit, account balance to an adjustment to the interest rate contained in the Base Rate Table. This facility allows the interest rate charged/paid to be varied according to the balance on the account.
Electronic Bank Payments
A licence for Bank Links is required for this option and is not generally used currently.
Electronic Bank Reconcilliations
A licence for Bank Links is required for this option. See Trust Accounts help file for more information.
Used where a practice has a single pooled bank account
Allows a reconciliation of the pooled account against the entries for any client on a particular nominal account.