Edit - Applications - MCL

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Edit - Applications - MCL - General

Use this option to enable multi-currency transactions and set other details such as the default withholding tax percentage and payment methods.

Select a company to edit.

Refer to "Selecting a Company to Edit".

Select EDIT | APPLICATIONS | MCL | GENERAL.

Micronet displays the MCL General Configuration screen.

Complete the following fields:

Field

Value

Multi Currency Creditors

Select Yes if you want to enable multi-currency creditors in the Micronet Creditors Ledger. This allows you to use the Import Costing module in MDS to create purchase orders in a foreign currency and, when receiving those goods, to record all costs related to a shipment and calculate the cost of the stock received.

When you select Yes in this field, Micronet activates the Rise and Fall account in the Creditors GL interface.

Technical Tip

To use multi currency creditors, you must setup an Exchange Rate master file (refer to "File - Exchange Rates").

	Withholding Reference	Enter your company's withholding tax reference number under the Prescribed Payments System (PPS). If a number is entered in this field, Micronet deducts the Default Withholding % entered in the next field from creditors' invoices as they are entered.
	Default Withholding %	Enter the current default GST withholding amount as a percentage, e.g. 48.5 for 48.5%.
	File Updates	Select the default mode in which your MCL master file screens should be displayed. The options are: Add Mode - master file screens default to Add mode so users can add new master file entries Update Mode - master file screens default to Update mode so users can select an existing master file record to update.
	Payment Methods	Select your default creditor payment method. The options are: No Default Cheque Printing – nothing to print Cheque Only Cheque Only separate Remittance Cheque and Remittance – cheque printing on stationery supplied by your bank Remittance Only – remittance printed on A4 paper Electronic Transfer – ABA file to load into banking software for EFT payments.
	Use Cheque Register	Select Yes if you want Micronet to keep a register of last used cheque numbers, or select No if you don’t.
	Use Transaction Trade Creditor	2.8 Feature Select Yes if, when processing a payment against a goods receipt or a journal entry or credit against a payment, users must always post against the Trade Creditors account used in the original transaction. Selecting No allows users to select and post against a different Trade Creditors account.
	Confirm Security for Bank Account	2.8 Feature Select Yes if you want all changes to bank account details to be authorised by two users to help prevent staff from fraudulently transferring money to unauthorised bank accounts. If you leave this field as No, a single user can change bank account details. If you select Yes in this field, the Bank tab is no longer displayed for any users in the Supplier master file (refer to "File - Supplier - Bank"). In the Creditor master file, the Bank tab is greyed for all users except those who have security to authorise changes to bank details (refer to "File - Creditor - Bank"). When a user with the appropriate security accesses the Bank tab in the Creditor master file and changes the Account Number, Account Name, Bank Name, Bank Branch or Bank BSB, Micronet will display the user login screen twice. Two separate users with sufficient security must enter their details before the change will be saved.

Reference

The security to authorise changes to bank details is set in the Allow editing supplier bank details field on the User File Update screen – Main tab in an employee's userID (refer to "Maintenance - Edit UserIDs - 1. Main").

Select the Ok button.

Micronet redisplays the Change Existing Company screen.

Select FILE | SAVE.