If you have more than one type of account with the same bank, you can include the account type in the Bank name field (e.g. ABC Bank Ltd - Current a/c).

Indicates the bank account number assigned to the account by the bank.

Indicates your bank's telephone number.

In Accounts Payable, this refers to the number of the next system check to be used.

The next check number is updated when system checks are printed from within the Accounts Payable module (see AP Check and Remittance Print), or on-line checks are printed from within the Cash Book system (see Deposits and Withdrawals).

This option is available only if both the Accounts Receivable and Cash Book modules are installed and if Accounts Receivable payments are integrated to Cash Book.

If you enabled this option (and Accounts Receivable is integrated to General Ledger in summary or detail) then you must enter a ledger account for these bank charges at the Bank charges field below.

This only apples when the EFT payments required option is enabled.

It is not necessary to use separate numbers for Accounts Payable system checks and EFT payments, as the system records check payments as type R and EFT payments as type E. This means that if the same numbers are used for both EFT and system check payment runs in AP, the system can differentiate between them and no duplication occurs. This differentiation does not apply to Cash Book transactions or to Manual checks.

However, it is best practice to use a different series of numbers to make it easier to identify EFT and AP system check payments (e.g. if your next check number is 1000, you could make the next EFT number 7000).

An entry can only be made if either the Accounts Payable module is installed, or a foreign Cash Book is required (Cash Book Setup) and you selected the Foreign currency bank option.

If you selected the Local currency bank option then the local currency defined against the company is automatically entered in this field and it cannot be changed.

This defaults to the rate defined against the currency code in the Currencies table. The exchange rate for a local currency bank is always 1.

See also: Notes and warnings.

When you add a foreign currency bank and you enter a statement balance in the bank's currency, then this field is automatically updated using the exchange rate for that currency as defined in the currencies table.

An entry can only be made here if you indicated that a foreign currency Cash Book is required (Cash Book Setup) and you are adding a foreign currency bank.

A negative statement balance can be entered.

See also: Notes and warnings.

These accounts are validated if either the Accounts Payable or Cash Book modules are integrated to General Ledger in Summary or Detail (General Ledger Integration).

In Accounts Payable all withdrawals (i.e. payments to suppliers) made from this bank are credited to this account.

If Accounts Receivable is integrated to Cash Book, then all deposits (i.e. payments from customers) made to this bank are debited to this account.

If you did not use the AP Currency Variance GL Interface program to define the interface ledger accounts required for the revaluation of outstanding foreign currency supplier invoices using the AP Exchange Rate Revaluation program, then the exchange variances arising from running the AP Exchange Rate Revaluation program are posted to this account.

In Accounts Payable, this would apply when, for example, you change the currency rate at the time of processing a manual payment against a foreign supplier.

In Cash Book, this would apply when you print the Currency Variance Report and you have selected to revalue your outstanding transactions at the latest exchange rate.