1. Overview

This section explains how to set up financial events in MaxMoney. A financial event needs to be configured for each payback and payout type you intend to use with Allps.

2. Financial Event Setup Procedure

To set up a financial event:

1. Go to Setup > Accounting > Financial Events.

2. Fill in the following details for the new event:

   • Event Number: The system will automatically generate this number.

   • Description: Enter a clear, descriptive name for the event (e.g., "Allps SEFT Receipt").

   • Transaction Description: Provide a standard description that will appear on the ledger's transaction entry when this event is used.

   • Dr (Debit): Select the ledger account that should be debited when this event occurs.

   • Cr (Credit): Select the ledger account that should be credited when this event occurs.

   • Event Attribute: Choose the applicable event attribute (source attribute). This helps identify the type of transaction being recorded.

   • VAT Applicable: Check this box if the event is subject to VAT. If selected, at least one of the ledgers chosen for this event must also be marked as VAT applicable.

3. Example Event Configurations

3.1 Allps SEFT Receipt

This event records incoming payments from Social Grant EFTs.

• Navigation: Setups > Accounting > Financial Events

• Description: Allps SEFT Receipt

• Transaction Description: Allps SEFT Receipt

• Dr: 6800-0002 Allps Bank Account

• Cr: 6620-0000 Client/Debtors Control Account

• Event Attribute: Social Grant EFT Receipt

3.2 Allps DebiCheck Receipt

This event records incoming payments from DebiCheck transactions.

• Navigation: Setups > Accounting > Financial Events

• Description: Allps DebiCheck Receipt

• Transaction Description: Allps DebiCheck Receipt

• Dr: 6800-0002 Allps Bank Account

• Cr: 6620-0000 Client/Debtors Control Account

• Event Attribute: DebiCheck Receipt