To create a new bank account in your current company
The company in which you are working. This is represented by the company queue to which you, and new instances of objects you create, are assigned.:
- Make sure your current company The company in which you are working. This is represented by the company queue to which you, and new instances of objects you create, are assigned. is the appropriate company for this bank account.
- Click the Bank Accounts tab.
- Click New next to Recent Bank Accounts on the home page.
- Specify a name for the new bank account. This is normally a short name with an indication of its purpose, such as Citibank Checking Account.
- Enter the remaining details for the bank account. This must include a general ledger account to which transactions related to this bank account will be posted. Click the lookup icon to search for the appropriate general ledger account.
- Specify three default general ledger accounts to use when recording the value of bank charges and interest.
- [Optional] Enter up to four default analysis dimensions Custom objects that allow you to analyze the activity in your business in additional ways, such as by cost center, project, employee, or any other business entity important to you. for each general ledger account The general ledger will normally include general ledger accounts (GLAs) for items such as income, expenses, assets, liabilities, and reserves..
- [Optional] Enter up to 3 unique keywords for each of bank changes, interest paid, and interest received. These keywords can be used during the reconciliation process to identify these items on bank statements and generate the transactions required to reconcile your bank statements.
- When you have finished, click Save. You can also click Save & New to save the changes to the current record and then immediately begin to create another.