Creating bank accounts

  1. Select Bank Accounts.
  2. Click Create.
  3. Specify this information:
    School
    Select a school.
    Bank Account
    Specify a bank account.
    Description
    Specify a description.
    Laser Check Template
    Select the appropriate laser check template to use for disbursements. If there are no templates in the list, you can define a laser check template from the Laser Check Templates list.
    Last Deposit Number
    If deposits from the school are required to start with a particular number, then specify the last deposit number. Deposit numbers are numerical. If this is field blank, then the first deposit number is 1.
    Auto Number Disbursements
    Select this check box if you want disbursements to be automatically numbered.

    If this field is blank, then the check or payment number is required when creating disbursement transactions.

    Last Disbursement Number
    If you select the Auto Number Disbursements check box, then specify the number of the last disbursement. Auto numbering starts with this value. If this field is blank, then auto numbering starts with 1.
  4. In the Bank Activities section, assign activity accounts to track bank-related activities.
    Bank Account Activity
    Assign an activity to track the cash postings from activity receipts, disbursements, and transfers. This activity must be an asset type activity.
    Non Sufficient Funds Activity
    Assign an activity to track where fees for non sufficient funds will be posted. This activity must be an asset type activity.
    Bank Transaction Activity
    Assign an activity to track where bank fees and other charges or credits will be posted. This activity must be a liability type activity.
    Reconciled Variance Activity
    Assign an activity where any variance from the bank transaction amount to the bank statement amount will be posted. This activity must be a liability type activity.
  5. In the Bank Balances section, select the beginning balance for the account.
  6. Click Save.