Accounting.

Banking

1. You can enter your bank account details.
2. Bank File Directory
3. Credit Card Issuers is for setting up banks that issue credit cards. This is not required in NZ where all Eftpos transactions go through the one clearing house. Some overseas situations have a number of terminals with transactions handled by different banks.

Tax Settings

1. The Tax Setting for NZ would be GST at 0.125 for Membership and product. You would leave the Add Tax After unticked if you normally deal in GST inclusive prices.
2. Product Tax Rates enables you to set up the tax rate for each individual product you are selling through POS. For NZ these would all be 0.125

Configure Payment Methods

1. Set up types of payment such as Cash, Cheque, Eftpos, Visa etc. This would reflect your requirements for payment type analysis.
2. There are 3 boxes that can be ticked. Type of credit card would be ticked for payment option MasterCard, Visa etc. Not a Real Payment would be ticked for a payment type of Charge to Member. It does not result in cash in the till. Open Cash Register is for any payment types (most) that would open POS. Discount payment type could have none of the boxes ticked.
3. It also enables you to set up additional information if using a web booking system. The name could be Cheque in Full Amount. The web instruction as to who to make cheque out to and where to send it. The blurb would be any additional info about the payment to go on web booking sheet. Sort order is order that would appear in the drop boxes. eg 5 to indicate after cash 1, eftpos 2, etc. Percent now due could be 100

Billing Cycle

1. Billing Cycle is for when you process DD or APs on a set day each week or month. This also allows automatically adding the delay period to the joining fee.
2. For using Direct Debits set up a warning amount, a default payment charge and a start date . Some of the information is specific to each bank or other collection systems such as Ezypay.