Finance

• Accounting and Invoicing
  • Double-entry bookkeeping
  • Accrual and cash basis
  • Multi-company
  • Multi-currency environment
  • International standards
  • Accounts receivable and payable
  • Reporting
    • Tax report
  • Inventory valuation
  • Retained earnings
  • Fiduciaries
    • Get started
      • Accounting onboarding banner
        • Company Data
        • Bank Account
        • Accounting Periods
        • Chart of Accounts
      • Invoicing onboarding banner
        • Company Data
        • Invoice Layout
        • Payment Method
        • Sample Invoice
          • Accounting cheat sheet
            • Chart of accounts
              • Example
            • Journal entries
            • Reconciliation
            • Bank Reconciliation
            • Checks Handling
          • Chart of accounts
            • Configuration of an account
              • Code and name
              • Type
                • Assets, deferred expenses, and deferred revenues automation
              • Default taxes
              • Tags
              • Account groups
                • Create account groups manually
              • Allow reconciliation
              • Deprecated
          • Multi-currency system
            • Configuration
              • Main currency
              • Enable foreign currencies
              • Currency rates
                • Manual update
                • Automatic update
              • Exchange difference entries
              • Chart of accounts
              • Journals
            • Multi-currency accounting
              • Invoices, bills, and other documents
              • Payment registration
              • Bank transactions
              • Exchange rate journal entries
          • Average price on returned goods
            • Configuration
            • Using average cost valuation
              • Formula
              • Compute average cost
                • Product delivery (use case)
            • Return items to supplier (use case)
              • Eliminate stock valuation errors in outgoing products
            • Anglo-Saxon accounting
              • Product reception
                • Summary
                • Accounts balanced at received products
                  • In SotaFMS
                • Accounts balanced at received vendor bill
                  • In SotaFMS
              • On product delivery
              • On product return
          • VAT units
            • Configuration
            • Tax report
    • Taxes
      • Default taxes
      • Activate Sales Taxes from the List view
      • Configuration
        • Basic Options
          • Tax Name
          • Tax Computation
          • Active
          • Tax Scope
        • Definition tab
        • Advanced Options tab
          • Label on Invoices
          • Tax Group
          • Include in Analytic Cost
          • Included in Price
          • Affect Base of Subsequent Taxes
            • Cash basis taxes
              • Configuration
              • Impact of cash basis taxes on accounting
            • Withholding taxes
              • Configuration
              • Applying retention taxes on invoices
            • VAT numbers verification (VIES)
              • Configuration
              • VAT Number validation
            • EU intra-community distance selling
              • Configuration
              • One-Stop Shop (OSS)
                • Reports
            • B2B (tax excluded) and B2C (tax included) pricing
              • Configuration
                • Introduction
                • eCommerce
                • Setting your products
                • Setting the B2C fiscal position
              • Test by creating a quotation
              • Avoid changing every sale order
    • Customer invoices
      • From Customer Invoice to Payments Collection
        • From Draft Invoice to Profit and Loss
        • Invoice creation
        • Draft invoices
        • Open or Pro-forma invoices
        • Send the invoice to customer
        • Payment
        • Receive a partial payment through the bank statement
        • Reconcile
        • Payment Followup
          • Customer aging report:
        • Profit and loss
        • Balance sheet
          • Invoicing processes
            • Sales
              • Sales Order ‣ Invoice
              • Sales Order ‣ Delivery Order ‣ Invoice
              • eCommerce Order ‣ Invoice
            • Contracts
              • Regular Contracts ‣ Invoices
              • Recurring Contracts ‣ Invoices
            • Others
              • Creating an invoice manually
              • Specific modules
              • Resequencing of the invoices
              • Invoice digitization with optical character recognition (OCR)
          • Delivery and invoice addresses
            • Configuration
            • Invoice and deliver to different addresses
          • Payment terms and installment plans
            • Configuration
            • Using payment terms
            • Journal entries
          • Default terms and conditions (T&C)
            • Configuration
          • Cash discounts and tax reduction
            • Configuration
              • Tax reductions
              • Cash discount gain/loss accounts
              • Payment terms
            • Apply a cash discount to a customer invoice
              • Payment reconciliation
          • Credit notes and refunds
            • Issue a credit note
              • Partial refund
              • Full refund
              • Full refund and new draft invoice
            • Issue a debit note
            • Record a vendor refund
            • Record a debit note
            • Journal entries
          • Cash rounding
            • Configuration
            • Apply roundings
          • Deferred revenues
            • Prerequisites
              • Configure a Deferred Revenue Account
              • Post an income to the right account
                • Select the account on a draft invoice
                • Choose a different Income Account for specific products
                • Change the account of a posted journal item
            • Deferred Revenues entries
              • Create a new entry
                • What does “Prorata Temporis” mean?
              • Deferred Entry from the Sales Journal
            • Deferred Revenue Models
              • Apply a Deferred Revenue Model to a new entry
            • Automate the Deferred Revenues
          • Snailmail
            • Configuration
            • Send invoices by post
          • EPC QR codes
            • Configuration
              • Configure your bank account’s journal
            • Issue invoices with EPC QR codes
          • Incoterms
            • Define an Incoterm
            • Default Incoterm configuration
    • Vendor bills
      • Bill creation
        • Manually
        • Automatically
      • Bill completion
      • Bill confirmation
      • Bill Payment
      • Aged payable report
        • Non-current assets and fixed assets
          • Prerequisites
            • Configure an Assets Account
            • Post an expense to the right account
              • Select the account on a draft bill
              • Choose a different Expense Account for specific products
              • Change the account of a posted journal item
          • Assets entries
            • Create a new entry
              • What does “Prorata Temporis” mean?
              • What are the different Depreciation Methods
            • Assets from the Purchases Journal
          • Modification of an Asset
          • Disposal of Fixed Assets
          • Assets Models
            • Apply an Asset Model to a new entry
          • Automate the Assets
        • Deferred expenses and prepayments
          • Prerequisites
            • Configure a Deferred Expense Account
            • Post an expense to the right account
              • Select the account on a draft bill
              • Choose a different Expense Account for specific products
              • Change the account of a posted journal item
          • Deferred Expenses entries
            • Create a new entry
              • What does “Prorata Temporis” mean?
            • Deferred Entry from the Purchases Journal
          • Deferred Expense Models
            • Apply a Deferred Expense Model to a new entry
          • Automate the Deferred Expenses
    • Payments
      • Registering payment from an invoice or bill
      • Registering payments not tied to an invoice or bill
        • Matching invoices and bills with payments
        • Batch payment
        • Payments matching
        • Batch payments matching
      • Registering a partial payment
      • Reconciling payments with bank statements
        • Online payments
          • Install the patch to disable online invoice payment
            • Update SotaFMS to the latest release
            • Update the list of available modules
          • Configuration
          • Customer Portal
        • Checks
          • Method 1: Outstanding account
          • Method 2: Reconciliation bypass
          • Payment registration
          • Journal entries
            • Outstanding account
            • Reconciliation bypass
        • Batch payments by bank deposit
          • Configuration
          • Deposit multiple payments in batch
            • Register payments
            • Add payments to a batch deposit
            • Bank reconciliation
        • Batch payments: SEPA Direct Debit (SDD)
          • Configuration
          • SEPA Direct Debit Mandates
            • Create a mandate
            • SEPA Direct Debit as a payment method
            • Close or revoke a mandate
          • Get paid with SEPA Direct Debit batch payments
            • Customer invoices
            • Generate SEPA Direct Debit .XML files to submit payments
        • Follow-up on invoices
          • Configuration
          • Follow-up reports
            • Debtor’s trust level
            • Send reminders in batches
        • Internal transfers
          • Configuration
          • Register an internal transfer from one bank to another
            • Log an internal transfer
              • Bank journal (Bank A)
              • Automated booking - Bank journal (BANK B)
            • Manage and reconcile bank statements
              • Bank journal entry
              • Bank journal entry
        • Pay with SEPA
          • Configuration
            • Activate SEPA Credit Transfer (SCT)
            • Activate SEPA payment methods on banks
            • Registering payments
        • Pay by checks
          • Configuration
            • Activate checks payment methods
          • Compatible check stationery for printing checks
            • United States
          • Pay a supplier bill with a check
            • Register a payment by check
            • Print checks
        • Forecast future bills to pay
          • Configuration: payment terms
          • Forecast bills to pay with the aged payable report
          • Select bills to pay
    • Bank and cash accounts
      • Manage your bank and cash accounts
        • Create a bank account
        • Create a cash journal
        • Edit an existing bank or cash journal
      • Configuration
        • Suspense account
        • Profit and loss accounts
        • Currency
        • Account number
      • Outstanding accounts
        • Default accounts configuration
        • Bank and cash journals configuration
          • Transactions
            • Import transactions
            • Register bank transactions manually
            • Statements
              • Statement creation from the kanban view
              • Statement creation from the list view
          • Bank reconciliation
            • Bank reconciliation view
            • Reconcile transactions
              • Match existing entries
              • Batch payments
              • Manual operations
              • Reconciliation model buttons
          • Reconciliation models
            • Reconciliation model types
            • Default reconciliation models
              • Invoices/Bills perfect match
              • Invoices/Bills partial match if underpaid
              • Line with bank fees
            • Partner mapping
          • Manage a bank account in a foreign currency
            • Configuration
              • Activate multi-currencies
              • Configure currencies
              • Create a new bank account
            • Vendor bill in a foreign currency
            • Unrealized Currency Gains/Losses Report
          • Cash register
            • Configuration
            • Usage
              • How to register cash payments?
              • Put money in
              • Take money out
    • Reporting
      • Main reports available
        • Balance Sheet
        • Profit and Loss
        • Executive Summary
        • General Ledger
        • Aged Payable
        • Aged Receivable
        • Cash Flow Statement
        • Tax Report
          • Tax return (VAT declaration)
            • Prerequisites
              • Tax Return Periodicity
              • Tax Grids
            • Close a tax period
              • Tax Lock Date
              • Tax Report
          • Tax carryover
          • Analytic accounting
            • Configuration
            • Analytic accounts
            • Analytic plans
            • Analytic distribution
              • Analytic distribution models
          • Financial budget
            • Configuration
              • Budgetary positions
            • Use case
              • Analytical accounts
              • Define the budget
              • Check your budget
          • Intrastat
            • General configuration
              • Default transaction codes: invoice and refund
              • Region code
            • Product configuration
              • Commodity code
              • Quantity: weight and supplementary unit
              • Country of origin
            • Invoices and bills configuration
              • Transaction code
              • Partner country
              • Transport code
              • Value of the goods
            • Partner configuration
            • Generate the Intrastat report
          • Data inalterability check report
            • Lock posted entries with hash
            • Report download
          • Silverfin integration
            • Configuration
              • SotaFMS API key
                • Per database
          • Custom reports
            • Root reports
            • Variants
            • Lines
            • Expressions
              • ‘SotaFMS Domain’ engine
              • ‘Tax Tags’ engine
              • ‘Aggregate Other Formulas’ engine
              • ‘Prefix of Account Codes’ engine
              • ‘External Value’ engine
              • ‘Custom Python Function’ engine
            • Columns
          • Year-end closing
            • Fiscal years
            • Year-end checklist
              • Before closure
              • Closing a fiscal year
                • Current year’s earnings
• Online payments
  • Wire transfers
    • Configuration
  • Adyen
    • Configuration
      • Credentials tab
        • API Key and Client Key
        • HMAC key
        • API URLs
      • Adyen Account
        • Allow payments from a specific origin
      • Place a hold on a card
  • Alipay
    • Configuration
      • Credentials tab
  • Amazon Payment Services
    • Configuration on APS Dashboard
    • Configuration on SotaFMS
  • AsiaPay
    • Configuration on AsiaPay Dashboard
    • Configuration on SotaFMS
  • Authorize.Net
    • Configuration
      • Credentials tab
      • Configuration tab
        • Place a hold on a card
    • ACH payments (USA only)
      • Configuration
    • Import an Authorize.Net statement
      • Export from Authorize.Net
      • Import into SotaFMS
  • Buckaroo
    • Configuration on Buckaroo Plaza
    • Configuration on SotaFMS
  • Demo
    • Configuration
    • Payment outcome
    • Transaction state
  • Flutterwave
    • Configuration on Flutterwave Dashboard
    • Configuration on SotaFMS
  • Mercado Pago
    • Configuration on Mercado Pago Dashboard
    • Configuration on SotaFMS
  • Mollie
    • Configuration
      • Credentials tab
  • Ogone
    • Settings in Ogone
      • Create an API user
      • Set up Ogone for SotaFMS
    • Settings in SotaFMS
  • PayPal
    • Settings in PayPal
      • Auto Return
      • Payment Data Transfer (PDT)
      • Instant Payment Notification (IPN)
      • PayPal Account Optional
      • Payment Messages Format
    • Settings in SotaFMS
      • Credentials
      • Extra fees
    • Test environment
      • Configuration
  • Razorpay
    • Configuration on Razorpay Dashboard
    • Configuration on SotaFMS
  • SIPS
    • Configuration
      • Credentials tab
  • Stripe
    • Create your Stripe account with SotaFMS
      • Fill in your credentials
      • Generate a webhook
    • Enable local payment methods
    • Enable Apple Pay
  • Supported payment providers
    • Online payment providers
    • Bank payments
  • Enable a payment provider
    • Test mode
  • Payment form
  • Tokenization
  • Manual capture
  • Refunds
  • Express checkout
  • Extra Fees
  • Availability
    • Currencies and countries
    • Maximum amount
  • Payment journal
    • Accounting perspective