Finance > Holding Accounts

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, in the Settings module. 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.

ADDING HOLDING ACCOUNTS

• Bank accounts are handled in the settings module> finance sub menu > holding accounts

• First, make sure you’re in the correct company (1) > then click the add new holding account button (2)

Open

• In the add holding account pop-up, complete the following details:

  • Code - this is the code used to identify the account I.e. ANZ 01

  • Description - the name of the bank account

  • Account - this is the relevant ledger account you want attached to the bank account you are setting up.

  • Currency - The currency of the bank account. (Once set, this can’t be changed)

• Click ok

Open

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 (voucher) management

Once completed, the bank account is now ready for use.

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