Master Records > Bank Account > Set Up Bank Account

The Bank Account Maintenance function allows you to set up bank account records that may be used when processing cash and check transactions in other modules. This function also supports such features as MICR check printing, maintenance of signature files, set up for electronic payment, and positive pay file generation.

Note: You can access Bank Account Maintenance in the activated Sales Order, Accounts Receivable, Purchase Order, Accounts Payable, Payroll and Bank Reconciliation modules.

To set up the bank account record, perform the following steps:

1.Access the Bank Account function from the Bank group under the Maintenance main menu. Click the New button to create a new bank account record.

Note: If the Bank Account Maintenance function is accessed for the very first time and there are no existing bank account records, the Information page is automatically displayed; otherwise, the Lookup screen is displayed by default.

2.Enter in the Bank # field the code you want to assign to the new bank account record.

3.Enter in the Bank Name field the new bank account's name.

4.In the Information page, enter detailed information and set up the parameters for the transactions that will use this bank account record. For more information, see the Information page section.

5.If you make electronic payments to your vendors, customers, and/or employees, go to the E-Payment Settings page to set up the parameters that the bank requires for electronic payments. See the detailed discussion about these settings in the E-Payment Settings page section.

6.Go to the Check Settings page and customize the information that will be printed on AP or PR check stocks. See the Check Settings page section for more details.

7.In the Signature page, set up the signature(s) that will be used when generating computer checks from the bank account. See the Signature page section for more details.

8.Go to the Positive Pay page to configure the settings used when generating positive pay files. For more information, refer to the Positive Pay page.

9.In the Attachments page, you may add, edit or delete file attachments for the bank account. Go to the Attachments page section for more details.

10.In the Notes page, enter any helpful information about the bank account record. For more information, see the Notes page section.

11.To save the new bank account record, click the Save button in the function toolbar; otherwise, click Cancel to abort operation.

Set Up Bank Account

Set Up Bank Account

See Also