Bank Accounts

Bank Accounts

Before you start your data entry you should ensure that you have set up all required bank accounts needed for your payments and receipts.

When your company is first set up you will have a single bank account which you can edit and update as required.

Add a new bank account  

If you require additional bank accounts you will need to:

• From the main menu, click on Bank Accounts
• Click Add

• Code: Enter a unique code which can be up to 2 digits and alpha or numerical.  
• Account Type: Select an Account type from the dropdown menu. 
• Bank Account: General bank accounts
• Credit Card: Credit card accounts
• Cash: Petty cash
• Other: Use this if you want a separate categorisation for some of your banks, for example a long term fixed interest savings account or mortgage account.
• Account Name: Enter the name of the account.
• Default: If set, this bank account will be used as the default on entry screens. Only one bank can be set to default. 
• Active: If a bank account is inactive you will not be able to use it.  
• Additional fields may be available dependent on the Account Type selected.
  Note: Fields with a * are required to be filled in before you can save. 

Edit a Bank Account

To edit a bank account click on the Account name which will display as a hyperlink. You can edit any of the details apart from the code.