Setting up a bank

Set up each bank account with a unique bank number in CR Bank Setup. If your company uses separate bank accounts for petty cash, business expenses, and savings, set up three bank numbers. Each account should have separate General Ledger account codes to facilitate reconciliation.

  1. Select Check Reconciliation > Setup > Bank.
  2. Click New.
  3. Specify the Bank #, Name, and Division.
    Note: The bank number field can accommodate up to a four-digit number. This is the only field where the bank number is specified. Subsequently, this number is displayed for information only. The number is displayed in the header information, grids, and reports. Only the Name value, also specified in this setup page, is available when selecting a bank in other modules.
  4. Click Save.
  5. Specify the Bank Information.
  6. In the Balances section, specify this information:
    Current Balance
    Specify the current balance in this account.
    Bank Balance
    Specify the balance from the bank statement. Hereafter, this amount is updated by the CR Entry Balance Bank Accounts Report.
  7. Specify the Account Information.
  8. Do not update any fields in the Last Numbers Used section. These are updated automatically when you create transactions in modules that update Check Reconciliation.
  9. Optionally, in the CenPOS Processing section, if you use the electronic AP payment remittance functionality, specify the required information.
  10. Optionally, in the Credit ACH section, if you use the electronic AP payment remittance functionality, specify the required information.
  11. Optionally, in the Positive Pay section, if you use the positive pay functionality, specify the required information.
  12. Click Save.
    Note: If you are adding a bank in the middle of your fiscal year, leave the Current Balance field blank. Instead, use CR Check Center Entry or CR Reconciliation Center Entry workflow to prepare the current balance and all outstanding transactions. See related online help.