Banks

Summary

Bank Details

Details

Create a Bank for each of your trading and investment accounts.  Each Bank must be assigned a Contact and a unique pair of General Ledger account codes; one must be an Asset and the other a Liability. 

A suggestion is for the trailing digits of the account codes to be common.

Enter a valid Contact for the Bank including account data.  The current balance is displayed and can be verified or recalculated by clicking on the button.  A Holding Company Bank (shared) can be defined with Inter company parameters established.

The banks grid holds the following columns:

Number

Account Name

Account No

BSBL

BSBR

Branch

Bank Code

GL Asset

GL Liability

Report in GL as        Determines whether the bank appears in General ledger reports in the Assets or Liabilities sections

Next Cheque        Next cheque number to be printed

Overdraft                Your overdraft limit on this account

Current Balance        The theoretical balance on this account assuming all cheques have been presented

Toolbar

               Creates a new Bank

               Deletes the current or Selected Bank(s)

               Load Bank Reconciliation Module

               Calculate Current System Bank Balance

               Previews Bank Report

               Load Holding Bank module (only available if Holding Bank ticked

               Closes the routine