Views:

v. 2.1 ; 06/23/2023

 

 

 

SETTING UP A BANK ACCOUNT

 

For G/L accounts that are used for payments/deposits, a Bank Account should be specified.

Add a G/L Account

 

Navigate to Accounts in akoyaGO CRM.  Choose the Fund Management Workplace, then select Accounts.  Select +New.

 

A screenshot of a computer

Description automatically generated

 

Enter the account information (Unique Account # and Account Name) and click Save & Close

 

(Note: Asset account numbers should always be between 1000 and 1999)

 

Add a Bank Account

 

In Business Central, select Cash Management, then choose Bank Accounts (Alternately, use the magnifying glass to search for “Bank Accounts”).  Click +New.

 

A screenshot of a computer

Description automatically generated with medium confidence

 

A screenshot of a computer

Description automatically generated with low confidence

 

In the General section, enter a No. (abbreviated name) and Name for the Bank Account.  

 

 

A screenshot of a computer

Description automatically generated with medium confidence

 

 

Scroll to the Posting section (if needed, select “Show more” to expand the form). Drop down the Bank Acc. Posting Group menu and choose +New.

 

 

A screenshot of a computer

Description automatically generated

 

 

 

 

Enter a Code (a short name, usually the account name) for the posting group, then enter the G/L Account that corresponds to the bank account you’ve created.  

 

Enter the appropriate G/L Account No in the Undeposited Funds Account No. (commonly "1999" or "19999"; verify in your chart of accounts) and click OK.

 

 

 

A screenshot of a computer

Description automatically generated with medium confidence

 

NOTE: Each Bank Account must have a unique Posting Group. More than one Posting Group can share a G/L Account.

 

 

For accounts that will be used for check printing, enter a value in the Last Check No. field. This will be the last check number used in your physical check stock.

 

 

A screenshot of a computer

Description automatically generated with medium confidence

 

Comments (0)
Add a comment