2.3 How to configure bank journal

  1. 1. Click on Accounting

    Click on Accounting

  2. 2. Click on Configuration

    Click on Configuration

  3. 3. Click on Settings

    Click on Settings

  4. 4. Find Bank transactions and payments

    Bank suspense & Internal transfer accounts are created & set by default. You can change the selected accounts if necessary

    Find Bank transactions and payments

  5. 5. Exchange difference accounts are created & set by default. You can change/amend the selected accounts if necessary

    Exchange difference accounts are created & set by default. You can change/amend the selected accounts if necessary

  6. 6. Click on Save

    Click on Save

  7. 7. Click on Configuration

    Click on Configuration

  8. 8. Click on Journals

    Click on Journals

  9. 9. Select relevant Bank Journal

    Select relevant Bank Journal

  10. 10. Select relevant on Bank Account . In case of multiple bank accounts & bank journals, Individual bank accounts are required to be created for each bank journal

    Select relevant on Bank Account . In case of multiple bank accounts & bank journals, Individual bank accounts are required to be created for each bank journal

  11. 11. By default Cash Difference is selected. In case of multiple banks, Multiple cash difference account may be necessary

    By default Cash Difference is selected. In case of multiple banks, Multiple cash difference account may be necessary

  12. 12. Same as above

    Same as above

  13. 13. Fill in account number for better identification.

    Fill in account number for better identification.

  14. 14. Select/Create the related Bank Company associated with the selected bank. For example BNP Paribas

    Select/Create the related Bank Company associated with the selected bank. For example BNP Paribas

  15. 15. Set a designated short code for Journal Entry ID

    Set a designated short code for Journal Entry ID

  16. 16. Select Manual (or import CAMT, CSV, JPEG, OFX, PDF, PNG, XLS, XLSX)

    Select Manual (or import CAMT, CSV, JPEG, OFX, PDF, PNG, XLS, XLSX)

  17. 17. Click on Incoming Payments

    Click on Incoming Payments

  18. 18. Add or remove payment methods used in the journal

    Add or remove payment methods used in the journal

  19. 19. By default, Manual Payment is set to Outstanding Receipts account selected in Configuration>settings . Change if necessary.

    By default, Manual Payment is set to Outstanding Receipts account selected in Configuration>settings . Change if necessary.

  20. 20. For example, 120003 Outstanding Receipts has been selected.

    For example, 120003 Outstanding Receipts has been selected.

  21. 21. Click on Outgoing Payments

    Click on Outgoing Payments

  22. 22. Select/Add any desired Payment Method for outgoing payments, same steps as incoming payments

    Select/Add any desired Payment Method for outgoing payments, same steps as incoming payments