To access Bank Account, go to:

Home > Accounting > Bank Statement > Bank Account

1. Prerequisites

Before creating and using Bank Account, it is advised to create the following first:

• Bank

2. How to create a Bank Account

1. Enter an Account Name.
2. Link the General Ledger account set in ‘Bank Accounts’ in the Chart of Accounts.
3. Select a Bank.
4. Save.

2.1 Additional options when creating a Bank Account

• Is the Default Account: Enabling this will use this as the default bank account for all journal transactions.
• Is Company Account: Enable if this Bank Account a Company account.
• An Account Type and Account Subtype can be set for further classification in reports etc.

3. Features

3.1 Party Details

• Party Type: If this isn’t a company account, specify the entity to which this account belongs. Choose from available options such as Customer, Employee, Member, Shareholder, Student, or Supplier.
• Party: Select the particular Customer, Supplier, etc., associated with this account.

3.2 Account Details

For reference, the following details about a Bank Account can be stored in BizCentric:

• IBAN
• Bank Account No
• Branch Code
• SWIFT number

3.3 Address and Contact

• Address: A bank may operate multiple branches within the same locality. Enter the specific branch address here.
• Contact: Link a Contact Person to this account. Banks often designate a dedicated contact person for corporate accounts; you can include their contact details here.
• Website: Provide the bank’s website URL here.

3.4 Integration Details

Last Integration Date: If your bank offers Plaid Integration, specifying a date here will trigger synchronization on the designated date. This process will generate Bank Transaction entries.