If a Latvian company receives payments from a foreign bank and deposits the payments into a domestic bank, the company must prepare a monthly report on those incoming payments that exceeded the limit established by the Central Latvian Bank. You can use the Statement of foreign payments received in domestic banksto print a report for this purpose.

Note Note

To print this monthly statement, you must create and post all bank transactions in the Vendor payment journal linesform or Customer payment journal linesform or General journal linesform. For more information, see "(RUS) Create and post a journal for foreign receipts and payments".

  1. Click Bank> Common Forms> Bank Account Detailsto open the Bank accountsform.

  2. Select the bank, and then click Transactionsto open the Bank transactionsform. Enter the required details.

  3. In the Notification to the central banktab, view or modify the following fields:

    • Purpose text– Modify a brief description about the purpose for which this code is used in the report, if needed.

    • Central Bank Purpose Code– View or modify the code used when reporting to the central bank.

    • Correspondent country– View or modify the country code used when reporting to the central bank.

    • Payment registration number– Modify the payment registration number assigned by the bank, if needed.

  4. Press CTRL+S or close the form.

  5. Click Bank> Inquiries> Bank transactionsto open the Inquiryform.

  6. Select the correspondent country and add or modify the amount criterion for bank transaction specified by Latvian Central Bank.

  7. Click OKto open the Bank transactionsform to view the details on notification to the central bank, and modify them if needed.

  8. Press CTRL+S or close the form.

  9. Click Bank> Reports> Transactions> Foreign payments received in domestic banksto open the Statement of foreign payments received in domestic banksreport.

  10. In the Responsiblefield, select or modify the code of the employee who is responsible for submitting the report.

  11. In the Monthfield, select or modify the month to submit the report.

  12. In the Yearfield, select or modify the year of submission of the report.

    Note Note

    Values for other fields are displayed as seen in the Bank account transactionsform. Click Selectto open the Statement of foreign payments received in domestic banks – Reportform and modify these fields if necessary. You can also reset the amount criterion.

  13. Click OKto print the statement.

  14. Press CTRL+S or close the form.

See Also