Visma Net
About the registration of finance charges
Whenever you send payments to your
suppliers or receive these payments from your customers, the payments are processed by banks or
other financial institutions, which generally apply processing fees and charges to each payment.
Generally, the sending financial institution transfers the outgoing payments in full and charges
the bank account of the payer for any applicable fees.
The receiving financial institution
deducts the charges and processing fees from the incoming payment amount.
To facilitate accounting for these charges, in Visma Net you can configure the finance charges that apply to payments in the Supplier ledger and Customer ledger workspaces, and to funds transfers in the Cash management workspace.
In Visma Net, you can configure the application of the bank charges depending on how the bank your company works with presents the charges on its statements to facilitate reconciliation with the bank statement.
In this topic you will read about how to configure the collection of finance charges and to record collected charges.
Related concepts
About funds transfer processing
Related reports
Related tasks
Quickly record cash entry task
Related windows
Cash management preferences (CA101000)