Bank/Cash Accounts
With our system we can able to connect and use multiple bank/Cash accounts and multiple currency bank accounts at one location. Which will be very helpful for you to handle multiple bank/cash accounts and connect with different bank gateways to work on.
To create Bank/Cash Accounts, goto Banking > Settings > Bank Accounts > AddNew
(or)
Setup > Banking > Bank Accounts > AddNew
Field Descriptions:
- Bank Account Name: The name used to identify the bank account in the system.
- Branch Name: The name of the branch where the bank account is maintained.
- Branch Code: bank branch code.
- Account Type: The type of bank account (e.g., Cash Account, Savings Account, etc.).
- Bank Account Currency: The currency in which the bank account operates.
- Default Currency Account: A flag to set this account as the default for currency transactions.
- Bank Account GL Code: The General Ledger code associated with the bank account.
- Bank Charges Account: The GL code used for recording bank charges.
- Default Charge Percentage: The percentage rate of default charges applied to the account.
- Bank Name: The name of the banking institution.
- Bank Account Number: The unique number identifying the bank account.
- Bank Address: The physical address of the bank branch.
If you have ecommerce or reseller plan, you might needs to connect bank accounts with payment gateways, so the collected money entry will be automatically made inside the system.By following these steps, you can efficiently manage bank/cash accounts in your TamilAccounting system.