Account Overview

The Account Overview screen provides an overview of the Company Client Account.

The figures are calculated based on the transactions up to and including today's date any account transactions with dates in the future are not included in these totals.

If you haven’t already been managing the transfer of fees through Acquaint your Client Account your balance may be incorrect. When you access the Account Overview screen for the first time the following message will appear prompting you to add an Account Balance giving you the opportunity to set the correct balance. If you click Yes you can enter the figure you would like to set the Opening Balance from in the Bank Accounts screen and click Save. If you click No you can still set an Opening Balance later and by accessing this screen via the Configuration & Administration tab and Bank Accounts in the Financial group and editing the Bank Account.

The following totals are displayed each with various buttons (Transfer, View, Payment Run) enabling you to manage the transactions.

• Company - shows the Company for which totals are being displayed, optionally the Company can be changed by clicking the drop-down arrow

• Account Balance Cut Off Date - this defaults to today but can be changed to dates in the past. Past dates can only display totals for Client Account Balance and Deposit Account Balance

• Client Account Balance - displays the balance of the client account

• Deposit Account Balance - displays the balance of the deposit account

• Fees To Transfer - displays the amount of fees that need to be transferred into the current account

• Deposits To Transfer - displays the amount of deposits that need to be transferred

• Overseas Tax Retained - this is the total tax currently retained (in your client account) on behalf of overseas landlords that should be transferred to HMRC

• Amounts Payable to Landlords - displays the amount due to landlords (this is a total of the amounts payable to landlords in the payment run and consolidated payment run)

• Amounts Payable to Contractors - displays the amount due to contractors

• Floats Held - displays the amount of floats held

• Suspense Account - displays the total of the suspense account

The Export button will export the totals and automatically open the figures in Excel in a file called ExportClientAccountOverview.CSV.

The Bank Account Balances button will open the Bank Account Balances screen.