If you send out, lend out or second personnel on the Dutch market, a hirer may ask you to open a g-account. A g-account is a blocked bank account. The g-account is linked to one or more payroll tax subnumbers and/or sales tax subnumbers.

It is possible to link your banking environment to the MKG software. This significantly reduces and facilitates the number of manual operations. For the connection, you need a so-called PSD2 license, which is managed through our partner Bizcuit. This article shows how to integrate Bizcuit into MKG.

The second step in the period closure is updating all manual entries. Think of manual purchase and sales invoices, bank statements, cash transactions, and periodic items such as accrued assets and payroll journal entries.

MKG has manual and process-oriented journals. Entries from the sales, production, or purchasing process are made in the process journals. This article covers general matters about journals and some specific features of process-oriented journals.

In MKG, debtor and creditor groups can be utilized. Financially, these relationships can be linked to different general ledger accounts for debtors or creditors.

Through debtor groups, it is possible to financially link debtors to different general ledger accounts. Additionally, you can specify for each debtor group which general ledger account the order discount should be posted to.

Example entry 'Debtors' in the 'Bank' journal after executing the action 'Bank Entry'. Transaction type 10 Debtor Payment.

Example booking 'Creditors' in the journal 'Bank' after the action 'Booking the bank'. Mutation type 11 Creditor payment.

In the Payment Transactions module, all payments and receipts are updated. Updating payment transactions is one of the four manual financial entries in MKG.