Bank Accounts are used when processing customer receipts and supplier payments. They can also be reconciled using the Reconciliation Module.
Bank Account details can also be displayed on an invoice and bank deposit form.
Bank accounts can be established for normal Domestic Currency accounts, International Foreign Currency accounts, and Credit Card accounts.
The currency of the bank account will default to the Company default currency; however, if it is an alternative currency, this can be set in the sub-code.
Branch and Company Bank Accounts are created in the General Ledger by setting up a sub-code and assigning it as a “Banking Account” Control Account Type. Once the General Ledger accounts are created from sub-codes, the bank account information can be entered in the Bank Accounts section of Moveware.