Setting up bank accounts

As well as a statement type, banks must have the appropriate sort code and account number associated with them if they are to be reconciled by importing their electronic statements into your system. Use this procedure to enter these details for the desired banks.

To set up bank accounts:

1. In System Setup, open the Chart of Accounts folder. The list of existing account types is displayed.

2. Open the appropriate Account and Header folder, e.g. Client > Client Bank.

3. Next, select the desired bank, e.g. Leeds. The account details are displayed in the right pane.

4. In the Bank sort code field, type the bank's sort code, e.g. 10-20-30.

5. In the Bank A/C number field, type the bank's account number, e.g. 46132589.

6. Click Save to store your changes.

Notes

• Accounts must also have a valid statement type.

• Assigning the wrong details will cause errors when importing the statement.