Use this screen to set up bank information for your company or companies. You must enter all banks from which and to which you transfer funds (both manually and electronically).
You enter bank information on this screen as part of the general Costpoint initialization, before you start to:
Process data and transactions to the history tables.
Issue checks to vendors in Accounts Payable.
Issue checks to employees in Payroll.
Receive cash in Accounts Receivable.
Enter Electronic Fund Transfer (EFT) information on any other Costpoint screen.
Use this screen to enter the following categories of information for each bank:
The bank's identification number
The bank's name
The type of transfer that is associated with the bank (Accounts Payable, Payroll, or both)
The bank's address and contact information
After you enter a bank's basic information on this screen, you must enter a bank's detailed information on the Manage Company Bank Accounts screen.
Bank information that is set up on this screen also displays on the Manage Bank Routings screen in Costpoint Payroll with a slightly different format. (The Transfer Type column on this screen is called the Usage Code column on the Configure Bank Routings screen.)
Enter the bank's nine-digit ABA in this required field.
When banks are incorporated, they are assigned an ABA number by the Federal Reserve to identify the bank sending or receiving information. The ABA number is the first block of numbers at the bottom left portion of a check or deposit slip that is issued for use by individuals or corporations.
The ABA number must be exactly nine digits long, without separators such as dashes, and it must be numeric. If the number does not contain nine digits, Costpoint automatically adds enough leading zeros to bring the ID to nine digits when you tab from the field. (For example, if you enter the number "1234," "000001234" displays when you tab away from this field.) If the bank ID contains letters, you cannot save the row.
Enter the bank name in this required field. Although a single character entered in this field fulfills the requirement for a description, it is more beneficial to supply a meaningful description, because the bank name displays as a default on several screens and prints on reports throughout Costpoint.
Enter the Costpoint module in which this bank can be used.
You can enter only one of the following items in this column:
A — Enter A if you plan to use this bank only in Costpoint Accounts Payable.
B — Enter B if the plan to use this bank in both Costpoint Accounts Payable and Payroll.
You cannot designate a P (Costpoint Payroll only) transfer type on this screen; all such entries must be made in the Usage Code column on the Configure Bank Routings screen in Costpoint Payroll.
You can change a P value on this screen to A or B, but you cannot change an A or a B value to P on this screen.
Enter the bank's street address and any other address information other than the city, state/province, country, or postal code.
Enter the bank's city name in this column.
Enter the bank's state or province in this column.
Enter the bank's postal code in this column.
Enter the bank's country in this column.
Enter the bank's phone number in this column.
Enter the bank's fax number in this column.
Enter another number for the bank in this column.
Enter the bank's Web address in this column.
Enter the bank's email address in this column.