To Add a Payment Method for BACS Lloyds Plug-In

You use the Payment Methods (CA204000) form to create a payment method to be used for export of a BACS Lloyds file through the BACS Lloyds plug-in.

Tip:
As an alternative to adding a payment method, you can use the predefined Direct Deposit payment method that is provided in an out-of-the-box instance of MYOB Acumatica.

Before You Proceed

Make sure that the UK Localization feature is enabled on the Enable/Disable Features (CS100000) form.

To Add a Payment Method for the BACS Lloyds Plug-In

To add a payment method that uses the BACS Lloyds plug-in, do the following:

  1. On the Payment Methods (CA204000) form, add a new record.
  2. In the Payment Method ID box, type the identifier you want to use for the payment method (such as BACS_LLOYDS).
  3. Make sure that the Active check box is selected, which makes the payment method available for use in the system.
  4. In the Means of Payment box, select the Direct Deposit option.
  5. In the Direct Deposit File Format box, select BACS Lloyds Payment.
  6. Make sure that the Use in AP check box is selected to make the payment method available to be assigned to vendors.
  7. In the Description box, type a description for the payment method.
  8. On the Settings for Use in AP tab, configure the export of batches to a BACS Lloyds file for processing as follows:
    1. In the Additional Processing section, make sure that the Create Batch Payments option button is selected. It indicates that the payment method involves creating payment batches.
    2. In the Export Method box, select BACS Lloyds Plug-In.
    3. Select the Release Batch Payment Before Export check box if you want to export BACS payment batches after they are released. If you want to export batches before release, leave this check box cleared.
    4. In the Payment Method Details table, review the elements that have been added automatically. These elements will appear on the Vendors (AP303000) form so that users can enter the credentials that are specific to the particular vendor.
  9. On the Allowed Cash Accounts tab, do the following to add each cash account you are planning to use as a source for payments made to vendors by using the payment method:
    1. On the table toolbar, click Add Row. In the Cash Account column, select the cash account.
    2. Select the AP Default check box if this cash account is to be used by default.
    3. Optional: Select the Quick Batch Generation check box to make it possible to quickly prepare batches of AP payments for this cash account and payment method on the Prepare Payments (AP503000) form.
    4. If you selected the Quick Batch Generation check box, specify the number used for the last payment associated with this cash account in accounts payable in the AP Last Reference Number column.
  10. On the Remittance Settings tab, review the automatically added elements that will appear on the Cash Accounts (CA202000) form so that users can enter your company's BACS credentials for each cash account.
    Note:
    Although the table on the Remittance Settings tab is filled in automatically for the BACS Lloyds plug-in, you can remove the existing settings or add new ones.
  11. On the Plug-In Settings tab, review the plug-in settings, which were added automatically when you selected the BACS Lloyds plug-in.
  12. Optional: Update the values for the needed settings according to the vendor's or bank's requirements.

    For the list of available plug-in settings, see Settings of the BACS Lloyds File.

  13. On the form toolbar, click Save.

Next, you will specify the remittance details for the cash account that uses this payment method.

To Add Remittance Details to the Cash Account

To add remittance details to each cash account that is linked to the BACS payment method, do the following:

  1. On the Cash Accounts (CA202000) form, open the cash account.
  2. Go to the Remittance Settings tab.
  3. In the left pane, select the BACS payment method.
  4. In the Remittance Details table in the right pane, review the remittance settings that appear in the table.

    The settings in the Description column are copied from the Remittance Settings tab of the Payment Methods (CA204000) form.

    For a full description of the BACS Lloyds plug-in settings, see Settings of the BACS Lloyds File.

  5. In the Value column, enter the needed value for each setting.
  6. On the form toolbar, click Save.

Now you will specify BACS credentials for each vendor that agreed to receive your payments through BACS.

To Add Payment Details for a Vendor

To add payment details for a vendor that will receive your payments, do the following:

  1. Open the Vendors (AP303000) form.
  2. In the Vendor ID box, select the ID of the vendor whose settings you need to update.
  3. On the Payment tab, select the BACS Lloyds method in the Payment Method box.

    The Payment Instructions table is displayed.

  4. In the table, fill in the payment details that you have received from the vendor.
  5. On the form toolbar, click Save.