Bank Masterlist

A "bank" typically refers to a financial institution where a business holds its financial accounts, such as checking accounts, savings accounts, and other banking-related activities. Banks play a crucial role in financial transactions, payment processing, and managing the financial aspects of sales and inventory operations. Cash Flow Management: By tracking incoming and outgoing payments, the system contributes to managing the business's cash flow, helping ensure sufficient funds are available to cover expenses.

How to Create a New Banks:

1. Go to Master Data Files
2. Click Accounting Parameters
3. Click Banks
4. Click Create New (F1)
5. Enter the details of the new bank.
6. Click Save (F2)

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Visual Guide

Figure 1: Bank Masterlist.

Figure 2: The New Banks entry screen.

How to Update the banks:

1. Go to Master Data Files
2. Click Accounting Parameters
3. Click Banks
4. Select a bank and click the blue font text or Bank Code.
5. When the bank details appear, Click Edit (CTRL+E).
6. Enter the new details of the bank.
7. Click Save (CTRL+S)

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Visual Guide

Figure 3: Edit an existing Banks.

Figure 3: Edit the details and save.

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How to inactive the banks:

1. Go to Master Data Files
2. Click Accounting Parameters
3. Click Banks
4. Click the yellow cycle icon or Inactive

o Click the green cycle icon or Active to activate the item.

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Visual Guide

Figure 3: Inactive an existing Banks.