Bank Accounts are used to record bank transaction. With Bank Account Ledger, transactions will be record in both local currency and foreign currencies.
It is suggested to create separate bank account cards for every currency of each bank account. Which means one bank account card will only store single currency of one bank account.
Steps-by-step guide
| To create new Bank Account | ||
|---|---|---|
| 1 | Go to Chart of Accounts List than click [New] on the Action Bar. To create new G/L Account. e.g. Create G/L account #2950 for HSBC Current Account (EUR).
Direct Posting allows user to book entry directly to general ledger. For bank accounts, Direct Posting option needs to be turned off, as all bank transactions need to be record under bank account ledger + general ledger. |
|
| 2 | ||
