to retrieve a bank's detailed information by entering its bank abbreviation.Use this screen to enter or modify detailed information for your company's bank accounts.
You enter detailed information for a bank after you set up the bank on the Manage Banks screen.
You must enter detailed 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
On the Company Bank Accounts Detail Information screen, you enter a bank's:
Abbreviation
Currency
Bank account number
Zero balance check information
This screen has two tabs:
Details — Use this tab to enter details of your bank account.
Upload Bank Settings — Use this tab to define the text and Comma-Separated Values (CSV) that correspond to the bank statement's layout.
Before you can enter a bank's detailed information on the this screen for the first time, you must first establish the bank account abbreviation.
Enter a bank's abbreviation in this required field.
If you previously entered an abbreviation for a bank, you can click to retrieve a bank's detailed information by entering its bank abbreviation.
You use a bank's abbreviation throughout the Bank Reconciliation screens (in Accounting » Cash Management » Bank Account Management) to retrieve a bank account's information.
A bank's abbreviation is not necessarily an abbreviation of the bank name. For example, if you have a savings account and a checking account, you might set up two bank abbreviations called "CK1" and "SAV1" to designate the two accounts. Above all, the bank abbreviation should be meaningful to users that perform bank statement/G/L reconciliations.
Enter a description of the bank abbreviation.
Although a single character entered in this field fulfills Costpoint requirement for a description, it is more beneficial to supply a meaningful description because the bank abbreviation description automatically displays on Bank Reconciliation screens and in reports that use this field.
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Subtask |
Description |
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EFT Bank Info |
Click this link to open the EFT Bank Info subtask to establish the configuration of the file that will be created for electronic funds transfers (EFTs). |
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View Cash Accounts |
Click this link to open the View Cash Accounts subtask to view cash account data from Costpoint Accounts Payable, Cash Receipts, and Payroll. |