Bank Accounts are a List of only the General Ledger Bank Accounts that have been set up within the Chart of Accounts and are flagged as 'Is Bank'. If a 'New' or 'Additional Bank Account' needs to be set up, please ensure that it is set up firstly from within the 'General Ledger Chart of Accounts' in the right area.
Creating/ Modifying a general ledger account
There is a check box 'Is Bank' on all general ledger accounts within the settings tab. If this tick is ON that determines if this bank account is going to be reconciled and the account is a type of BANK.
If this tick is ON, then all transactions linked to the tender that points to this bank account will flow through to the Banking Module.
If this tick is OFF, then all transactions linked to the tender that points to this bank account will not flow through to the banking module.
If the transactions are not in the relevant bank account, then these transactions will not be part of that bank account bank reconciliation. All transactions to any general ledger account, that is flagged as 'IS BANK' must come from a source transaction. You should never have to adjust a bank account via a general ledger journal.
If you do insert a journal against a bank account and you are using Bank Reconciliations, you can expect to have a General Ledger Variance. If you should have to ever insert a journal entry against a type of Account that that has 'Is Bank' turned on, please ensure you do so when no one is on the system.
Turn the tick off quickly, save the account.
Insert the Journal against this bank account.
Ensure to turn the tick back on 'IS BANK" and click on Save The Bankings Module gives you a History in Detail and Summary for each Bank Account for all Movements and Dissections from each source transaction. |