Bank Account Register Overview

The Bank Account Register window provides a flattened view of all bank account register transactions with hyperlinks to bank name, bank account number, and GL journal entry, when applicable. Sample window

Use the Bank Account Register window to:

• add journal entries to enter fees, adjustments, and transfers as needed

• move to the Bank Account Reconciliation window

• view the source record for items with a Source Record hyperlink

• open the Edit Bank popup by clicking the Bank Name link for a bank

• open the Edit Bank Account popup by clicking the Account Number link for an account

Cash-related journal entries are added by default to the bank register when they're posted, eliminating the need to manually pull them into the register when reconciling. These journal entries are included in the Reconcile Bank Account window with the status Outstanding. Click here for more information.

Entering interest & fees

Enter interest as a credit entry to revenue and a debit to cash. Enter fees as a debit entry to expenditure and a credit to cash.

It's best to enter interest as a cash receipt because it will then appear in the Bank Account Register as a deposit. This method also allows you to print a Cash Receipts Journal Report showing all interest income.

Payroll & A/P EFT payments

Payroll and A/P EFT payments can be displayed as one lump-sum or as individual items on the bank account register. This option is controlled by the configuration value called Display voucher EFT payment as one bank register payment. Set this value in Payroll Configuration on the Liability Checks tab and in Purchasing Configuration on the A/P Warrants tab.

When set to Yes, all EFT payments from the exports will display as one withdrawal on the bank account register instead of as a withdrawal for every vendor payment. When set to No, EFT vendor payments will display as individual withdrawals on the bank account register.

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