Click Search > Search In Companies > select a Partnership and double-click the partnership to open it. The Partnership window displays.

From the General tab , in the Investors section, click Create Investor Payments. The Investor Batch Payments window display.

1. Select the Date.

2. Click the ... to select the Bank Account from which to draw the payment.

Note: All fields highlighted in peach are mandatory.

3. Click the ... to select the Nominal Account against which to attribute the payment.

4. Enter a narrative in the Description.

5. If relevant, enter the 1st Cheque No. - Note: The 1st Cheque No. will automatically populate with the next cheque number in the sequence following the last cheque number used in the last payment from the selected bank account. This number can also be entered manually.

Note: Payments will default to BACS payment type when the Default to BACS checkbox is ticked in the Investor bank details. If an investor does not have bank details, a cheque will be generated for that investor. For instructions on setting BACS as the default payment type, click here.

6. Enter the Amount to pay each investor.

Note: The Investor list is not editable. Entering an amount for the investor will include the investor in the pay-out. If the amount is left at 0, that investor will be excluded from the pay-out.

7. Click Generate. If a BACS payment is made, a CSV file with the selected CSV Format generates.

Note: The Generate button activates once a payment amount is entered.

8. The individual payments are now viewable in the Payments window.

Introduced in version 2016.1.13.2190