About:
You may set up an unlimited number of bank and bank accounts as you may have. You may set up as much details as you may for each bank. You may set up your checking, savings time deposit and even special bank accounts.
| Note: If you enabled the option “Use all defaults” from the Company Information screen of the New Company Wizard, Interprise Suite will provide a default bank with 2 default bank accounts. You will find these default records when in the Bank screen and Bank Account screen in the New Company Wizard. You may modify the default information for the bank and bank accounts. |
Steps:
Create New Bank and Bank Account Details
- From the Bank screen of the New Company Wizard, click on the New button. Or, from the Banking module, select Bank under the New menu. The Bank setup form will display.
- Follow the steps in the New Bank Wizard.
Step 1
Click Next button to start.
Step 2
Enter the bank details such as Bank Description, Branch, Address, Telephone and Fax numbers and Contact Name. You can optionally add information for the Sales and Federal Tax IDs and Bank Sort Code (for banks in the UK). Click Next button to continue.
Step 3 – create new bank account
Enter the details to the primary bank account for this bank.
- Enter the Bank Account Description.
- Select the Bank Account Type.
- Select the Account Code to assign to this bank account.
Note:
In the Account pulldown list, you can view only the accounts tagged as “bank / petty cash ac”. Note that you can assign an account code to only one bank account. You need to set up new account codes for new bank accounts.- Select the Currency for the bank account
Note:
If the currency you need is not in the list, you can include other currencies from the Inventory module > Setup > Selling Currencies. See Also: Inventory Setup > Selling Currencies- Enter Overdraft amount allowed by the bank.
- Click Next button to go to the last step of the wizard.
Step 4
Click Finish button to close the wizard. The Bank Detail form will display. From here, you can amend the bank information or add new bank accounts.
How To:
Enter current
balance information for bank accounts
See Also: Banking Setup > Bank Account Opening Balance
Maintain bank
and bank account information
To maintain bank details,
- Go to the Banking Module.
- Select Bank under the Find menu. The Bank search screen will display
- Select a bank record in the list to display the Bank Detail form.
- Edit the details as necessary before closing the form.
To maintain bank account information,
- From the Bank Detail form, you may maintain the bank account information.
- In the Bank Account List section, drill down on the Bank Account Code to switch to the Bank Account Detail tab to view or amend the bank account information. See Also: Working with the Banking Module > Manage Bank and Bank Accounts
- From the Bank Detail form, click on the Add New Bank Account button to go to the Bank Account Detail tab.
- Enter the details to the bank account and save before closing the form.
See Also: Banking Setup > Other Banking Setup > Petty Cash Accounts
Note that banks (or the bank accounts) that were not used in any transaction can be deleted. Note also that the bank accounts of the bank will be deleted.
- Go to the Banking module.
- Select Bank under the Find menu. The Bank search screen will display.
- Select a bank record in the list to display the Bank Detail form.
- Click on the Delete option from the toolbar menu.
- Choose Yes in the prompt to delete.
Note that bank accounts that were not used in any transaction can be deleted.
- Go to the Banking module.
- Select Bank Account under the Find menu. The Bank Account search screen will display.
- Select a bank record in the list to display the Bank Account Detail form.
- Click on the Delete option from the toolbar menu.
- Choose Yes in the prompt to delete.
Hide All
Next
Steps:
- Setup bank account opening balances. See Also: Bank Account Opening Balance
- Setup petty cash accounts. See Also: Petty Cash Accounts