Setting bank charges / interest for the company
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This page allows you to set the maximum and minimum charges applicable for a Bank Account Number. These details would be referred during Bank Reconciliation. If the difference between the Bank Statement and Bank Book transaction does not exceed the maximum limit set then a sundry payment voucher would be automatically generated for the bank charges during bank reconciliation.
Select the “Set Bank Charges / Interest” link under the “Bank Cash Definition” business component.
The “Set Bank Charges / Interest” page appears.
Enter the following field:
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Bank Reference |
The number identifying the bank reference for which the bank charges must be entered (Alphanumeric, 20). Mandatory. |
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Press <Enter> key. |
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The system retrieves the name of the bank reference. |
The system displays the following:
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Bank Name |
The name of the bank. |
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Zoom facility available. |
Enter the following fields:
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Bank Account No. |
The number identifying the bank account (Alphanumeric, 20). |
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Press <Enter> key. |
The system retrieves the bank charges details that have been set earlier.
Enter the following fields:
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Min. Charge |
The minimum amount charged by the bank for any transaction (Decimal). Mandatory. |
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Max. Charge |
The maximum upper limit for the bank charges (Decimal). Mandatory. |
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Min. Interest Paid |
The minimum amount of Interest Paid for interest paid transaction (Decimal) |
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Max. Interest Paid |
The maximum amount of Interest Paid for interest paid transaction (Decimal) |
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Usage ID for Interest Paid |
Usage ID for Interest Received Account to be posted automatically during reconciliation of transactions (Display Only) |
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Min. Interest Received |
The minimum amount of Interest received for Interest received transaction (Decimal) |
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Max. Interest Received |
The maximum amount of Interest received for Interest received transaction (Decimal) |
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Usage ID for Interest Received |
Usage ID for Interest Received Account to be posted automatically during reconciliation of transactions (Display Only) |
Click the “Set Bank Charges” pushbutton to save bank charges.
The system saves the bank charges details. The system stores the login ID of the user and the system date as the creation details.
Set minimum and maximum charges for a Bank Account Number.
Set minimum and maximum charges for a Bank Account Number.
You can set the Minimum and Maximum Bank Charges for a Bank Account Number.
Go to “Set Bank Charges” page.
Enter the minimum and maximum charges and save the bank charges details.