Payout money from a control account via banking direct credit transaction

Payout money from a control account via banking direct credit transaction

NOTE : In this article, the Receivable Management Fee Control Account will be used as an example.

1. Navigate to Configuration > Organisational Structure: 


2. Select the Warehousing Entities item under the Entity section:


2. Select the appropriate warehousing entity from the list, by clicking on the link via Name:



3. Once the correct warehousing entity has been selected, click on the Control Accounts association tab or from the quick links, if enabled: 



4. Click on the link via the Account Number for the  Receivable Management Fee account number:



6. Once redirected to the Display Control Account page, click on the Action menu > Payment Option > Direct Credit:



7. To complete the process, select the correct Payee Bank Account number from the drop down list (required to transfer the fees to), enter the Effective Date, add an Analysis Code, and finally add a Reference before clicking on the Save button:


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