Managing bank accounts efficiently is crucial for maintaining accurate financial records and ensuring smooth financial operations. In WorkBook, bank accounts are managed through the Holding Accounts section. This guide will walk you through the steps to add and configure a new bank account, ensuring all necessary details are accurately recorded and the account is ready for use.
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ADDING HOLDING ACCOUNTS
Bank accounts are handled in Settings > Finance > Holding Accounts, (make sure you’re in the correct company) then you can add a new holding account:
Code - this is the code used to identify the account, your other codes are the bank name and company name. I.e. NAB BAN
Description - the name of the bank account
Account - this is the account that you’ve set up - 202800
Currency - The currency of the bank account. (Once set, this can’t be changed)
Click OK
This will add a new line where the rest of the details need to be completed:
Bank branch no.
Bank account no.
Reconcile - ✅
Active - ✅
Swift/BIC
IBAN - if required
Bank code
Bank reference
Use in creditor invoice management ✅
The bank account is now ready for use.
Depending on the bank account, you might need to set up a new bank reconciliation upload specification. Instructions to do that are here: https://technology.bytangram.com/space/TGKB/1947598858/Bank+Reconciliation+>+Data+Import+-+New+Specification