Question
How can I create a new Bank Account in the system?
Answer
It is possible to create new bank accounts as and when require. To do this you'll need to access the following location:
Accounts > Nominal Ledger > Ledger Parameters > Bank Account Details (In the accounts table)
Double click Bank Account Details, this will then load the company structure to the right, now you'll be required to double click the Division in which you want to create a new bank account for, then your screen should look like the following:
Click Add in the bottom right hand corner
Once you've done this you'll then be required to input the relevant bank account details;
Bank - Complete the Bank Account Name, i.e. Lloyds Bank – Current Account.
Account Holder Name – Future Use (International Bank Transactions)
Account Number/Sort Code - Enter the Bank Account Number and Sort Code
IBAN/BIC – Future Use (International Bank Transactions) When populated a sort code and holder
name are not required.
Nominal - Double click on the search icon and enter the bank account nominal code or code
description to search for the account and then double click on the nominal code to populate the
nominal field on the Bank Details parameter screen.
Consolidate Automatic Payments - If this bank account is to be consolidating automatic payments then tick this box
File Types - Choose from the list of File Types which is relevant to this bank account
Cheque Type - If pre-printed cheques are to be used, then the relevant cheque type should be
selected.
Direct Debit - If this account (cashbook) is to be used to process Direct Debits, then tick the Direct
Debits field, enter the Direct Debit Originator Reference and select the Direct Debit Format from the
dropdown list. Direct Debit files can then be produced from Cashbook processing so that these can
then be submitted to a payment service. These details will take precedent over any DD details set up
in Sales Ledger Parameters.
Default - If multiple bank accounts are being created, select one as the default account which will
appear at the top of the list of bank accounts in cash book processing.
Save the bank account details that have been entered.
This Bank Account will then show as a valid option within the system in areas such as the Cashbook.