Adding a New Bank Account

Learn how to establish a new bank account for your company.

  1. On the Site Map screen, click Cash Management > Maintenance > Accounts.
  2. Click the New button.
  3. Enter a unique Account code. This code is one you determine, not the bank, and it may include letters and/or numbers.
  4. In the Account section, complete the Account name, Account number (as assigned by your bank), Telephone, and Fax fields.

    Select 'Bank' from the Account type dialog box.

  5. In the Contact section, complete the Account representative field and related fields (this information is optional, but may be helpful if you have one person assigned to help oversee your account).
  6. On the Details tab, enter check number 1 in the Last check # field. Select the Separate check sequence for manual checks? checkbox if you plan to use different check stock for hand-written and computer-generated checks. Select the Post 'H' for manual (hand) checks? checkbox if you want to update Accounts Payable payment records with a preceding 'H' designation (for hand check) as part of the check number.
  7. Click OK to save your new bank account information and return to the Account Code File Maintenance screen.