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Manage Bank Accounts

This guide details how to add and configure bank accounts.

Adding a Bank Account​

Navigate to Banking > Bank Accounts > Add New.

Account Details​

  1. Account Name (Required): A nickname for the account (e.g., "Main Operational").
  2. Bank Name (Required): The name of the institution (e.g., "Chase", "HSBC").
  3. Bank Account Number (Required): The unique account number.
  4. Branch Name: Optional branch identifier.
  5. Description: Internal notes about the account.
  6. Opening Balance: The balance of the account at the start of your accounting period.
  7. Active Status:
    • Yes: Allows transactions to be posted.
    • No: Archives the account.

Accounting Classification​

  1. Account Category: e.g., "Cash and Cash Equivalents".
  2. Reporting Group: Select the specific ledger group this account belongs to (e.g., "Cash at Bank").

Submit​

Click Save Bank Account to finish.