What's new on Bromcom

Modules > Finance > BACS Configuration

A BACS Run Limit feature has been added, allowing finance users to set a maximum threshold for a single BACS payment. This optional setting restricts payments that exceed the defined amount, accommodating bank-imposed limits on schools.

• New BACS Run Limit Setting:

• Located under BACS Settings in Finance > BACS Configuration.
• Numeric-only field; accepts values up to £999,999,999.99 with two decimal places.
• Optional setting: if left blank, no BACS payment limits are imposed.
• Applies only to BACS payments. Does not affect Cheque or Card payments.
• Default for this setting will be Blank on all systems.

• Validation on BACS Payment:

  • When creating a BACS payment, if the combined amount of selected Invoices and Credit Notes exceeds the BACS Run Limit, the following validation message is displayed:

• Payments equal to or below the limit are processed without validation errors.
• If no limit is set, no validation is applied.

Converted BACS Configuration page to a new UI format, with retained functionalities:

• BACS Settings (updated with BACS Run Limit)
• ID Code (three-character alphanumeric)
• Days Kept (0-99 numeric)
• Server Settings for Remittance Advice (SMTP or custom configurations)

This release provides added control over BACS transactions for schools with specific banking constraints, enhancing financial oversight and reducing transaction errors. This new setting will not apply to card or cheque payments.