How to setup banking details on a GL account

Setting up banking details on a GL account allows for streamlined payments and improved expense tracking, simplifying financial processes and ensuring accurate record-keeping.

Steps: 

1. Navigate to ACCOUNTING > General Ledger > General Ledger Accounts.
2. Use the Filters to narrow down your search, or scroll through the list of ACCOUNT NO. 
3. Click on an Account No. you wish to create banking details for.
4. Click Banking Details, located at the top right of the page.  
5. Enter the following information.
   
   
   

   Banking Details	Description
   Bank Code	Enter a bank code - optional.
   Bank User Name	Enter your bank's name as the user name. Banks may refer to this as the Immediate Destination Name, e.g., City National Bank.
   Bank Remitter Name	Enter the company name. Banks may refer to this as the Immediate Origin Name.
   Bank User ID No.	Enter the bank's user ID number - optional.
   Bank No	Enter the bank's routing number. Banks may refer to this as the Immediate Destination.
   Bank Tax ID	Enter the ID number that the bank has assigned to your company. Banks may refer to this as the Company ID.
   Bank Account Number	Enter the Bank Account Number for this account.
   Default Bank Payment Ref	This payment reference is linked to all payment records included on file.  For example, users might want to set this to INVOICES so the payee knows it's a payment for an invoice.  Some agencies simply default this to say CHECKING to denote the type of account.
   Internet Banking Payment File Type	Select Payment File Type
   ACH Originating DFI	Enter the ACH Originating Depository Financial Institution - optional.
   ACH Service Class Code	Enter the three-digit code that identifies the type of electronic transaction being processed through the Automated Clearing House (ACH) network.  Only for ACH transactions.  200 - ACH Entries Mixed Debits and Credits 220 - ACH Credits Only 225 - ACH Debits Only

6. Click SAVE or SAVE & CLOSE.