Setting up payment allocation for a G account

A G account is a specialized bank account used in the Netherlands to hold funds for tax and social security payments, keeping them separate from general vendor transactions. Setting up a G account allocation in Continia Banking ensures that a fixed percentage of each vendor payment is automatically transferred to the designated G account.

To set up the g account payment allocation

To set up a G account payment allocation for a vendor:

1. Search () for and select Vendors.
2. Open the vendor card of the vendor you want to set up the payment allocation for.
3. On the action bar, select Related > Vendor > Payment Allocations
4. On the Payment Allocations page, fill in the following fields. For a description of all fields, see Setting up and managing payment allocations. Pay particular attention to the following:

   • Type - select the G account allocation type.

   • Percentage/Amount - enter the percentage of each payment to transfer to the G account. For example, enter 10 to transfer 10 percent of every payment.

   • Recipient - select the vendor's G account as the recipient bank account.

To undo a G account payment allocation

For instructions on undoing a payment allocation, see Setting up and managing payment allocations.

Related information

Introducing payment allocation
Setting up and managing payment allocations
Setting up payment allocation for partial payments in Continia Banking