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Field List

Deleting a bank account

Setting Up Bank Services

Adding a Bank Account

Before you start

  • Make sure that the general ledger includes the following accounts:
    • Bank Account
    • Write-Off Account
    • Rounding Account
  • Add the distribution codes you need for bank entries.
  • Add tax authorities and tax groups.
  • Make sure you have authorization to maintain banks if you want to add, edit, or delete bank records.

To add a bank account:

  1. Select Setup > Payroll > Bank Services > Banks.
  2. In the Bank field, enter a bank code, then enter a Description for the bank.
  3. Fill in the fields on the Profile tab.
  4. On the Account tab, specify the general ledger bank and write-off accounts for the bank.

    Note: Do not specify accounts to which posting is prohibited.

  5. On the Address tab, enter the company address, contact name, and phone and fax numbers.
  6. On the Check Stocks tab, specify check stock code, the next check number, and stock type.
  7. On the Taxes tab:
    1. Select a Tax Group.
    2. For each tax authority in the tax group, use the Finder in the Tax Class column to select a vendor tax class. The tax group and vendor tax classes are used as defaults for taxable bank entries for the bank.
  8. Click Save, then click Close.

After adding a bank account