Bank Accounts

Multiple bank accounts can be added to manage business payroll, invoicing and purchases

Adding a bank account

Follow the next steps to add a bank account:

• Click Setup menu from the application toolbar
• Click Chart of Accounts
• Click Assets tab
• Click New and the assets window appears
• Account Name enter a bank account name
• Account Type select Current Assets - Bank Account
• Bank Code & UserID these settings are used when generating a bank file
• Account Name enter the bank account holder's name
• BSB & Account number enter the bank's bsb and account number
• Starting Balance enter the current balance of this bank account
• Self Banking this setting is only used when generating a bank file

To successfully generate a bank file, you must obtain the correct Bank Code, UserID and Self Banking option from your bank!

• Click Save

Updating Bank Details

Click on the edit icon next to the bank account that you would like to update

Deleting a Bank Account

Click on the delete icon next to the bank account that you would like to delete

Bank accounts linke to payroll, invoice or purcahse transaction can not be deleted and protected by the system for data integrity purpose.