| Name of the Bank |
The name of the bank. |
| Inactive |
This will allow the users the ability to mark a Bank Account as Inactive. Any Bank Account with an Inactive status will no longer be available for selection when processing new records throughout accounting, yet the data associated with this Bank Account will still be available for transaction history purposes. |
| Virtual |
used in currency transfer and check module (if FC installed) Only the banks that are not virtual can be selected in currency transfer, Check Batch Scheduling and Check maintenance |
| Preferred |
Not used at this point in time |
| Preferred for Deposits |
Not used at this point in time |
Preferred for Withdrawal
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Used in currency transfer and check module (if FC installed). Only the banks that are preferred for withdrawal can be selected in currency transfer and Check Batch Scheduling. |
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| Account Title |
The exact same as the G/L account title |
| Account Type |
Checking, Savings, Money Market, etc |
| Account Number |
The Bank’s account number, not the G/L account number.
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| Bank Account G/L Number |
The General Ledger number as assigned in the General Ledger Account Setup screen. |
| Bank Charges G/L Number |
The General Ledger number as assigned in the General Ledger Account Setup screen. |
| Interest Earned G/L Number |
The General Ledger number as assigned in the General Ledger Account Setup screen. |
| Check Numbering |
Select whether or not you want the Manex system to automatically assign the check number. |
| Last Check Number Used |
Type in the last check number used. |
| Bank Balance |
This field is NOT editable, even when setting up a new Bank Account. When setting up a new Bank Account that has never been used by the user, the Bank Balance needs to be 0.00 at initial setup and any Deposits or Checks written from this account (even though the data is not yet posted into the General Ledger) from this Point forward processed through the ManEx System will properly update the Bank Setup Balance at the same time it updates the General Ledger Account number balances, keeping the two balances in sync.
If the Bank Account being setup carries a balance, but has never been used in the ManEx system before, the Bank Balance within the Setup needs to be 0.00. Then the user will be required to generate an "OPENING" Journal Entry which will Debit the Bank Account General Ledger number. Once the Opening Journal Entry has been posted to the GL, both the Bank Setup Balance and the GL Account number Balance will be updated keeping the two balances in sync.
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| Currency |
Bank Currency |
| Home Bank Balance |
Same as the Bank Balance but it would be for the Home Bank currency |
| Exchange Rate |
Exchange Rate |
| Last Update |
Would be the last time the Exchange Rate was updated |
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| e-Bank Information |
will open screen that will allow you to populate the e-Banking information for the Highlighted Bank. See Article #5979 |
| Add Cash Book Records |
Calculates and generates Summary records of all checks, deposits, and currency transfer transactions for each FY/period for each bank. It shows the beginning balance, end balance of each period for all banks.
Usually, when user close a period, the cashbook record will be updated to save the end balance for this period and create a new record for next period. But sometimes, the user adds a new bank, the new bank won't have all the cashbook records (even the balance should be 0). Click this "Add cashbook records", the system will add new cashbook records for this new bank if it any period is missing.
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