You may have situations where one bank account is shared between more than one organisation. In order to reconcile the bank account we have included a feature where you can share a bank account between more than one branch.
Tip! When on you reconciliation page you will then be able to see all transactions that have been recorded to the bank account regardless of the branch they were created in.
The below steps will guide you in setting up your shared accounts.
1
Click "Create"
2
Choose "Accounts Assistant"
3
Select "Nominal Accounts"
4
Click "Current Assets"
Alert! If you have already set up your bank account please click Edit and skip to step 7!
5
Click "Add New"
6
Enter your bank account details such as Description, Account code and select the Class
Tip! Only the Description, Account code and Class are required fields to create the code.
Alert! All information entered must match each of the codes created in each separate branch.
7
Click the checkbox next to "Shared Account"
8
Click "Save"
9
Click "Filter" and change to the second branch.
Tip! Repeat all of the above steps in each branch who shares the bank account