Bank Codes

Created by Melvin Xuereb, Modified on Fri, 18 Aug 2023 at 12:21 PM by Audrey Xuereb

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 

Bank CodeCode that will be used by users during transaction input
NominalNominal Account to which postings will be made. Note that a Nominal Account can only be linked to one bank code.
DescriptionShort Description for the Bank Code for easy identification
CurrencyThe Bank Account Currency Code.
Note that currency cannot be changed during posting. A Bank Account can be denominated in only one currency
StatusStatus is either A or I (Active or Inactive)

Allow Bank ReconsSelect YES to allow Bank Reconciliations for this Bank Code
Allow Internal DepositsSelect YES to allow Internal Deposits Reconciliations for this Bank Code
Bank NameName of the Bank
Bank AccountBank Account Number
Bank BranchBranch where Bank Account was opened
Bank CountryBank Country
Bank IBANIBAN Number
Swift CodeSwift Code or BIC Code

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