Bank Configuration

Bank Configuration

This UI allows 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 one or multiple Bank account associated with same bank to which Ledgers,Department and Policies can be mapped as required.According to the configuration and transaction all the receipt,payment and accounting entries can be made which will be recorded in Accounting and reflected in Various Financial Reports/Statements.

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
• Account Type
• Associated Finance Policy
• Associated Ledger Account

Functionality

1. Able to Add new Bank Detail
2. Able to Add Bank Account
3. Able associate Ledgers to Bank Account
4. Able to Map Departments to Bank Account
5. Able to Map Hostel Policy with Specific Bank Account

Step by Step

1. Add new Bank

2. Add New Bank Account

3. Map Ledgers

4. Map Department

5. Map Hostel Policy