Creditor Accounts

When creating a creditor you must fill out the field of Account Code, Account Name, Account Category, Terms, VAT Area and Payment Method.

You will be notified by the following error messages if a default field is missing a value.

Creditor Account Edit

Disable Account

You can disable a creditor account by using the drop-down menu.

Entry disabled will prevent new documents from being created under this creditor account.

Entry and Posting disabled will prevent new and current documents from being created and posted.

Account Currency

The option allows you to select which currency the creditor account is using. If None is selected it will default to the ledger's currency

Currency Variable & Suppress Revaluation

Default value for both options are No

Currency Variable = Yes, means that you can pick a different currency under processes, such as Transactions Matching, otherwise only the default currency will be available.

This is useful if you have multiple currencies on an account and you need to match the transactions.

Please note that Aqilla does not support multi-currency transaction matching. Transactions has to be in the same currency.

Suppress Revaluation = Yes will remove this account from the revaluation process. Only select = Yes if you do not want Aqilla to revaluate the currency transactions on the account.

Terms

This option allows you to select the payment terms, as configured under Configuration -> Terms

The Terms selected here can also be printed on a creditor remittance and purchase invoices.

Bank Details

This section of the creditor page stores the payment information of the Creditor.

VAT Area

The selection from this field changes where the VAT from the creditor is held within the VAT return.

If you are experiencing problems with your VAT return and certain values are not placed in the correct boxes on the VAT return, this may be the cause.

Remittance Recipient Email:

The Remittance Recipient email is an important field to fill out if you wish to email a creditor remittance or statement of accounts to the creditor.

You can add additional emails by using ; between emails.

Client Account: Yes/No

If you set the client account to Yes, then you are able to attach the creditor account to a customer. This allows you to raise sales invoices as well as purchase invoices for the creditor account.

Preset VAT

You can preset a VAT option for a creditor with this drop-down menu.

Please be advised that this will override any other VAT rate available in the instance and you will not be able to select a different type of VAT Rate for the creditor.

Payment Method

Selects the payment method used by the Creditor. Please note that this directly affect how transactions and payments for the creditor behaves in Aqilla.

BACS and Single BACS are names we have used to identify that the Payment Type will create a bank payment file.

Single BACS indicates that a single value will be posted in the bank account for the whole payment run whereas BACS creates separate transactions for each account being paid.

When Single BACS is used, the payment run creates a single entry in the bank account for all the creditors being paid with the Single BACS payment method.

When BACS is used, the payment run creates separate entries in the bank account for each of the creditors being paid with the BACS payment method.

Payment Account & Cost Account:

You can preset certain accounts in the creditor account. This means that you can select the default payment and cost account for the creditor.

These fields are not mandatory, but it is an option if you so choose to use it.

Creditor Account Edit Fields

A sample Creditor Account Edit view is shown below:

Each field on this record is described below. Mandatory fields are highlighted thus .

Field Name	Description
Account Code	The account code is alphanumeric (30 characters max) and must be unique across all accounts of any type.
Account Name	The account name is alphanumeric (60 characters max) and must be unique across all accounts of any type .
Account Type	The account type is always Creditor for this type of account and cannot be edited.
Balance Forward	Not currently used.
Account Category	Options are maintained at Configuration > Account Categories; see Reports for an explanation of how account categories are used.
Disabled	Options are Yes or No . A document referencing a disabled account (either directly or indirectly) can be entered but cannot be posted (or rough posted); the user will receive a warning message if posting (or rough posting) is attempted.
Account Currency	Options are maintained at Reference > Currencies. The option None is used by default - in which case the Account Currency is the Base Currency .
Currency Variable	Not currently used on this type of account.
Currency Rate Group	Not currently used.
Suppress Revaluation	Options are Yes or No . If set to Yes the account is excluded from Processes > Revaluation. See Multi-Currency Support for more information about revaluation.
Commitment Account	Not currently used on this type of account.
Comments	This is a free text field with practically unlimited content. See Navigation > Notes for more information.
Account Address	Use this field to select a record defined at either Reference > Suppliers or Reference > Personnel. The address at the selected record will be used in remittance advice notes during Processes > Payments. You should not enter anything into this field unless more than one supplier or person record references the creditor account in question.
VAT Registration	Held for information only.
Credit Limit	Held for information only.
Payment Method	The payment method for the creditor. Options are Default; Cash; Cheque; BACS; Single BACS and Direct Debit . This field is used to select creditor accounts at Processes > Payments.
Terms	Options are maintained at Configuration > Terms. This field is used to calculate a payment due date based on a purchase invoice date. The proposed payment due date can be over-ridden by the Aqilla user who enters the purchase invoice document.
Payment Account	The bank account that will be used to pay the creditor; this field is optional but if entered it will over-ride all other possible bank accounts - see Processes > Payments for more details.
Bank Account Number / IBAN	The creditor's bank account number or IBAN - e.g. 12345678.
Bank Account Name	The creditor's bank account name - e.g. SupplierName Ltd.
Bank Sort Code / BIC	The creditor's bank sort code or BIC - e.g. 123456.
Bank Name	The name of the creditor's bank - e.g. Barclays.
Bank Reference	A reference code for the creditor's bank - e.g. ABC123. This is normally passed to the bank payment file as the Reference field .
Bank Branch	The branch of the creditor's bank - e.g. 21 High Street, Guildford.
VAT Area	Options are UK, EU and Other . Defines where VAT is reported on the VAT100 report. See Reports > VAT 100 Report.
Not Reported VAT Code	See Configuration > VAT Rates and Articles > Not Reported VAT (Tax) Rates.
Remittance Recipient E-Mail	The e-mail address of the person (or role) at the creditor who receives statements - e.g. accounts@suppliername.com.
Default Cost Account	The cost account that will be used by default on purchase invoice lines for the supplier associated with this creditor account - e.g. if the supplier provides cleaning services the default cost account could be Cleaning .
Client Account	Options are Yes or No . If set to Yes , customers can also be linked to the account and sales invoices created.
Alternative Account Name	An alternative name for the creditor account which could be used in reports.
Company Registration Number	Please enter the Company Registration Number here. This number is a unique identifier issued to the company at the time of registration. It is essential for legal and administrative purposes and will be used to verify the company's official status and information.