Bank Codes are used for:
- Simplify inputting when posting Cash / Bank transactions.
Example: Bank Savings Nominal Account number is 6500. By creating a Bank Code number 1 and linking this to Nominal Account 6500, users will only input 1 in the Bank Code when posting transactions.
- Ensure users use only those Bank Codes / Accounts they need to use.
A user will be allowed to select Bank Codes where access is granted to when posting transactions. User who can access the respective Bank code are inputted in the section User Access. Users can be added or removed as required.
Menu Path: System Codes -> Bank Codes
| Item | Description |
|---|---|
| Bank Code | Code that will be used by users during transaction input |
| Nominal | Nominal Account to which postings will be made. Note that a Nominal Account can only be linked to one bank code. |
| Description | Short Description for the Bank Code for easy identification |
| Currency | The Bank Account Currency Code. Note that currency cannot be changed during posting. A Bank Account can be denominated in only one currency |
| Status | Status is either A or I (Active or Inactive) |
| Allow Bank Recons | Select YES to allow Bank Reconciliations for this Bank Code |
| Allow Internal Deposits | Select YES to allow Internal Deposits Reconciliations for this Bank Code |
| Bank Name | Name of the Bank |
| Bank Account | Bank Account Number |
| Bank Branch | Branch where Bank Account was opened |
| Bank Country | Bank Country |
| Bank IBAN | IBAN Number |
| Swift Code | Swift Code or BIC Code |
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