Bank settings

In this procedure you find all basic registers regarding the company’s banks and the handling of payments to/from them.

Here you activate which bank/banks the company uses and you register all bank accounts of the company. You also register bank accounts of factoring companies here, if any.

The bank information is used on documents and when making electronic outgoing and incoming payments. You can determine which bank information should be shown on documents, depending on the currency and whether the invoices have been borrowed on or not (factoring). Currencies can be linked to the bank accounts you have registered.

You can also register the payment methods that the company uses for incoming and outgoing payments, with settings for both electronic and manual payment methods. Electronic payment methods can be linked to the bank accounts and bookkeeping accounts that you have registered.

You can register different write-off codes that will be used for incoming and outgoing payments to set the remaining amount to zero.

If you are using the Register payments and Bank account reconciliation procedures (made available via the option) and you confirm bank files in CAMT053 format, you can register bank transaction rules which will determine how other payment records in the file should be matched and automatically posted. That is, such payment records that are not payments to suppliers or from customers. You can match by reference, by transaction, or by bank transaction code. If there is a reference entered, the payment record will be matched to this first.