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| Table of Contents |
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What is Deferments
A Deferment account is an account that a customer uses to record the duties for goods which need to be paid.
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You do not have to be holding stock in the warehouse to record a deferment account. You can have a deferment account which can be used for “duty deferring” this is when the stock holding customer is charging an alternative customer for the duty. |
Accessing the Option
There are three options
When adding a new customer the CREATE button appears on the BOND tab
The Create Menu from the menu options allows you to create a new deferment manually.
If the deferment already exists then use the navigation menu on the right side and search for the deferment you want to look at or edit.
When you open the deferment account form you should see something similar to the example below.
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Delete button - You will not be asked to confirm the deletion of the currently selected customer. |
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Field Use Information
Most fields in this section are self explanatory however please note the following fields
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and enter the appropriate information before pressing the ADD Customer button.
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Frequently Asked Questions
What to do if a customer runs out of credit on HMRC and wants to use a cash deferment?
Setup a Cash Deferment for that Customer marking the Stock holding accounts which will use it.
On the customer record, change the customer default account to the cash account WHEN YOU NEED TO CHANGE TO CASH DEFERMENT.
Return it back to the HMRC number whenever you finish using it.
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