Bank Account Management Overview

About banks in AptaFund

• Banks become active when bank accounts are added to them.

• Each bank can have multiple bank accounts.

• Bank accounts are automatically enabled when they are added to a bank.

• A bank account becomes active when a transaction is recorded against it. Bank account transactions are created in the Cash Receipts, Payroll, and Accounts Payable modules, as well as the Bank Account Register.

Bank setup process

1. Add a bank

2. Add bank accounts to the bank
   Note: You'll also need to record any outstanding items in the system.

3. Assign the fund & controlling element values, if checks will be drawn on the bank account for a fund

4. Add contact information

Other Bank Account Management features

Owner funds & clearing accounts

Attach files to bank account records

Edit a bank

Delete a bank

Edit bank accounts

Disable a bank account

Delete a bank account

Enable a bank account

Delete element value pairs

Rollover bank accounts

Return to Banking Overview