Record a Bank Entry

You use the Bank Entry window to enter and post bank-related transactions, such as bank service charges or mortgage and loan payments.

You can open the Bank Entry window using the icon in the Bank Transactions folder or by clicking the Bank Entry button on the Reconcile Statements window.

To add a bank entry

1. From the Navigation Pane, select Payroll > Processes > Bank Entry.
2. Enter header information for the bank entry.
   1. In the Entry Number field, accept the New entry.
   2. In the next field, type a description for the entry.
   3. In the Bank Code field, use the Finder select the code for the bank for which you are processing the entry. (This field is not available if the detail-entry table includes a distribution. You must delete the distribution, first.)
   4. In the Bank Entry Type field, select Withdrawals(to record a payment or another type of withdrawal from the account) or Deposits.

   5. In the Payment Type field, specify the method of payment.
   6. Use the Calendar button to select the bank entry date.
3. Use the table to enter distribution details for the bank entry.

If the Bank Options window specifies a default distribution code, the table automatically displays the first distribution detail. You can accept or edit the detail, or you can delete it by selecting the line, and then clicking Delete.

To create distribution details using a distribution set:

1. In the Distribution Set field, type the distribution set code or use the Finder to select it. 
2. Click the Create Dist. button to add details to the table.
3. Edit the details, or add new details directly on the table.
4. Click Add (or Save).

To add details directly on the table, click the table, and then do one of the following:

• If you selected a blank line, type the distribution code or select it using the Finder, and then enter the remaining information for the detail.
• To start a new line, press Insert or tab through the end of the last line on the table.
• To insert a new line in a particular location, highlight the line above the location, then press Insert.

To enter tax information for a selected detail, double-click the Taxable column in the distribution line, then click the Taxable column heading to open the Taxes window. Click Close to return to the Bank Entry window.

1. Click Add (or Save).
2. If this is a multicurrency entry and you want to view or override exchange rate information, click the Rates button. Click Close to return to the Bank Entry window.
3. Click Post.

Additional information