Only applicable for the Purchase Ledger on Diamond and Premier systems, and then only if the sub-contracting accessory has been purchased.
Enter the rate at which tax is deducted from the transaction, when an invoice is entered for a labour charge against a sub-contractor that has no valid certificate.
Enter the VAT code for recording on tax deduction ‘payments’ created.
Set to exclude the proportion of the invoice held for retention when calculating the tax deduction.
Enter a default description to be set for generated tax payment transactions
Enter a default reference to be set for generated tax payment transactions
Any portion of the invoice held for retention invoices is entered as a credit against the original invoice, and a new invoice is created with a due date for when the retention portion is due. Enter here the reference and description to be used for the generated credit transaction.
Enter here the reference and description for the retention invoice transactions
Subcontractor invoices allow the ability to enter discounts as part of the invoice entry process.Enter here the nominal code to be used for any discount calculated.
Enter the nominal account to be used for the retention credit and re-invoice. As a retention invoice and credit should cancel each other out this account acts as a control.
Enter the nominal account used for any tax deducted from a sub-contractor invoice.
Setting this option allows an invoice analysis line to be analysed over a maximum of 99 jobs. This option is only applicable if the job costing system profiles are set to update purchase invoices in ‘real-time’.
Setting this option allows entry of a quantity value to be updated to the job costing transaction as part of the multiple job analysis above.
Article ID: 1347
Created On: Mon, Jul 2, 2012 at 2:17 PM
Last Updated On: Mon, Jun 19, 2023 at 3:44 PM
Online URL: https://kb.datafile.co.uk/article/system-profiles-screen-6-sub-contractors-accessory-1347.html