The Bank Accounts is used to manage detailed information about bank accounts for your checking, savings or cash account types. Contains general information about bank account. The Account No. field is to be unique for every bank account. The GL account for GL transaction forming must be indicated in the GL Cash Account field. Initial number of the check, from which checks' forming begins, is indicated in the Starting Check # field. Balance field contains current balance of the bank account.
you can issue a Cheque from one of your bank accounts. This module is setup to resemble an actual Cheque and is easy to fill out. The Cheques module is not for paying bills or doing anything with the payable areas of the program. These items get paid through the Bills module. A Cheque can be issued from one of your bank accounts through the Bills. When you create bills, you will be able to view and print the Cheques that were created from the Bills module in the Cheques module.
Deposits module you can make a deposit into one of your bank accounts. Normally you would use the Deposits module to deposit funds from a non-deposited funds or cash on hand account. You can also use the Deposits module to transfer funds from one bank account to another.
You can pay multiple or all payments to all your outstanding bills in the Pay Bills module. Inside this module you will see all outstanding transactions and balances for all your vendors. You are capable of entering your payments manually to any transaction, or apply payments by using Select All or Un-select All buttons. To pay the vendors' bills indicate the account you're going to pay from in the GL Account field.
This Bank Register module can be used for looking through the transactions, made in Checks, Deposits, and Adjustments modules. The Bank Account combo box is situated in the upper part of the window; here you can choose the bank account, transactions of which you would like to see. All the transactions will be showed until the stated date, which is indicated in the Date field.
The software reconciles your bank account against your monthly statement. Bank Account Reconciliation is usually done once per month, when you receive the print of your monthly statement from your bank or financial institution. You will be able to review the list of payments and deposits from your bank accounts and clear the transactions that appear on the statement.