New Banking Module

The new banking module offers two benefits: One, add a custom bank account type on Surf Accounts and connect it with your bank account and then perform banking-related actions on Surf Accounts. Two, a refurbished user-interface. Given below is how the new banking module looks. Read on to see the changes.

Set up your Bank Account

The steps to set up a bank account are given below.

1. On the left panel, click Banking > Bank Accounts

2. The Bank Accounts page appears. To set up your custom bank account type, click Add Bank Account.

3. The Add Bank Account page appears. Enter the required details and click Save.

4. The custom bank account type is set up on the Bank Accounts page.

New Banking Menu

The current banking menu is more concise with some menu options removed or moved. See the figure below.

Earlier	Now

Recurring Receipts Menu Moved under the Receipts Menu

Earlier

To access the Recurring Receipts, on the left panel, click Banking > Recurring Receipts.

Now

To access the Recurring Receipts,

1. On the left panel, click Banking > Receipts.

2. The Receipts page appears. Click the list and select Recurring Receipt.

3. The Recurring Receipts page appears.

Recurring Payments Menu moved under Payments Menu

Earlier

To access the Recurring Payments option, on the left panel, click Banking > Recurring Payments.

Now

1. On the left panel, click Banking > Payments.

2. The Payments page appears. From the list select Recurring Payment.

3. The Recurring Payments page appears.

Payees Menu Relocated

The Payees menu is now available on the left panel under Purchases > Payees.

Pay Suppliers Option Relocated

To locate the Pay Suppliers option, complete the following steps:

1. On the left panel, click Banking > Payments.

2. The Payments page appears. Click Create SEPA File.

3.The Pay Suppliers page appears.

Changes on Import Bank Feed Page

There are certain changes in the columns in the Import Bank Feeds page

• New column Payments showing the total number of payments.
• New Column Type showing the type of document imported.
• Payments Total renamed as Total Payments
• Receipts Total renamed as Receipts
• Separate headings as Created By and Created On

Changes on the Bank Accounts Screen

A new button New has been added to the Bank Accounts page. Use this button to add a bank account.

Automated Bank Feeds

No need for manually entering transactions or exporting your statements out to CSV any more. You can now link your Surf Accounts to your bank and bring in transactions automatically.

For details, click For details, click here.

Batch Invoice Allocation

Easily allocate multiple payments/credits to invoices, so you don’t have to manually spend time doing individually. You can also auto allocate, so all outstanding records on account can be allocated in seconds.

For details of customers, click here.

For details of suppliers, click here.

Service Invoice

If you don't use products, there is now a quicker and easier way of creating your invoices. If you use Products and Services, we have got that covered too.

To view the steps to set up sales invoices, click here.

To view the steps to set up purchase invoices, click here.

Bank Feed Auto Allocations

As you bring in your bank feed, it can allocate your payment or receipt to outstanding invoices upon import so no need for manually allocating.

For details, click here.

Bank Feed Status Changes

Post a bank feed load, the current status of the payments and receipt records in a bank feed is indicated with distinct colours.

The meaning of the colours is explained in the table below.

Colour	Meaning
	Incomplete information in the loaded feed record. You are not allowed to import until you provide all necessary information.
	All data in the transaction record are correct.
	There can be either of the two meanings: The transaction in the bank feed is not allocated or it is already allocated and the allocation details are shown when you move the cursor over the colour.
	Potential duplicate transaction identified.

 

MTD VAT Returns

From 1 April 2019, HMRC mandates the use of the Making Tax Digital (MTD) service to keep records digitally and use appropriate software to submit VAT returns in the United Kingdom. This means that all VAT-registered businesses with taxable turnover above the VAT threshold will be required to submit VAT returns digitally.

Surf Accounts allows you to digitally file and record your VAT Returns for UK businesses.

For details, click here.

 

Delivery Address on Contacts

When you create a new contact, you can set its delivery address, if applicable.

 

New Lookup for all Transactions

A new lookup is introduced to all transactions, for example, Sales Invoice, Purchase Invoice, Quotes and Order. Like the earlier lookup, it allows you to select an existing record – a customer name, for example – or add a record on the go. The table below compares the earlier lookup with the current one using a sales invoice.

Previous Lookup	New Lookup

Periodic Profit and Loss Report

The report generates the periodic or month-wise profit and loss.

For details, click here.

Relative Time Periods as Criteria in Reports

When you generate reports, you can specify a custom date range as a criterion. Now, you can also specify preconfigured time periods, for example, last week, last quarter or last month as date ranges by clicking the icon, available in all reports.

Batch Editing Bank Feed Transactions

After importing bank feeds, you can batch update multiple transactions of the same type. For example, you can batch update multiple payments or receipts.

For details, click here.

Create New Drop Down

Surf Accounts already provides a quick creation menu that allows you to create one or more record types by skipping one or more steps in between. Now, you can create more record types. To access the enhanced menu, move the cursor over the menu.

Before	Now