Setting up payment allocation for a G account

A G account is a bank account used in the Netherlands to hold funds for tax and social security payments, separate from general vendor transactions. This is relevant, for example, when you pay contractors and subcontractors. With a G account payment allocation, a fixed percentage of each vendor payment is transferred to the vendor's G account.

Continia Banking provides the predefined G-ACCOUNT payment allocation type. The type is imported from the Setup Server, and you can find it on the Payment Allocation Types page.

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:
   • Payment Allocation Type - select G account.
   • 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.