Scenario: You have agreed to pay a 3rd party 'principal account' with the value of discount allowed, but they don't want the transaction to be visible by the sub-dentist accounts.
Method: You credit the principal customer account either by raising a credit note (Action > New Credit Note), or with a Payment Credit (Customer menu > Add payment/credit).Note: The former is better if any tax is involved as you will reduce your tax liability, otherwise a simple payment credit is sufficient.
You can then either make a BACS payment to 'give them the money' (Customer menu > Make refund/debit), or you can leave the value as a credit on the account.
If the customer account doesn't already exist in LabManager as a Principal Account type, create a customer account of type 'Principal Account'.
Example of typical Principal Account Acct Name: Another Practice Holdings LTD Acct Type: Principal Account date Code Description DR CR BAL 05/05/2021 Credit BACS receipt 9000.00 -9000.00 05/05/2021 Credit Early paymnt disc 1000.00 -10000.00 05/05/2021 Debit Transfer to a/c 0220 6500.00 -3500.00 05/05/2021 Debit Transfer to a/c 0235 2500.00 -1000.00 30/05/2021 Debit Cheque Refund 1000.00 0.00
LabManager Help: Receive payments from a principal account