Bank Configuration

Bank Configuration

This UI helps Finance admin to configure the Bank and Account details for the various purpose like Receive Payment,Make Payment and other accounting purpose.User can add and use separate or same bank account to which Ledgers,Department and Policies can be mapped as required.According to the configuration and transaction all the entries will be recorded in Accounting and reflected in Finance reports.

Roles

Finance Admin

Path

Accounting » Accounting Configuration » Bank Configuration

Pre-Requisite

• Finance policy must be created
• Finance Admin role to User
• Ledgers must be created to map with Bank account
• Department must be created and associated to Renewal policy
• Hostel Policy should be created(If required)

Inputs Needed

• Bank Name
• Branch Name
• IFSC Code
• MICR Code
• Ledger Account
• Account Number