Standing orders and direct debits

Use standing orders and direct debits to deal with recurring bank transactions.

To set up a direct debit or standing order, both your Cash Book bank account and the trader or nominal account must operate in your base currency.

You can:

• Set up direct debits or standing orders on a monthly or quarterly basis or you can specify your own frequency.
• Process the standing orders and direct debits at any time. If a standing order or direct debit is set to be paid on a weekend or on the 31st of the month when there is no 31st day in the month, the next banking day is calculated.
• Set up standing orders and direct debits for regular sales receipts and supplier payments.
• Set up standing orders and direct debits for nominal account transactions. These can be either vatable or non-vatable.
• View standing orders and direct debits using the standing orders and direct debits enquiry.

You cannot set up direct debits or standing orders for foreign currency customer or supplier accounts.

Note: You can set up a direct debit or standing order when a supplier account is on hold, however the payments will not be processed.