Bank account configuration

    This tab contains the basic bank account information.

• G/L Account: this number comes from the Chart of Accounts

• Category: different choices are available

• With check: enables the use of the "Check Printing" feature with this bank account

• With direct deposit/withdrawal: enables the use of the "Direct Deposits" feature to generate CPA payment files to be sent to the financial institution with this bank account

• With check and direct deposit/withdrawal: enables the use of both "Check Printing" and "Direct Deposits" features with this bank account

• Without check or direct deposit/withdrawal: payment-related features will not be available, but entries and bank reconciliations will still be possible.

• Bank reconciliation information: this information comes from importing an OFX statement during electronic bank reconciliation. If needed, this information can be cleared to facilitate importing future OFX statements when the user encounters an issue.  

    This tab is visible when the selected bank account has the "with check" category.

• Default to: If this option is checked, this account will be selected by default when printing a check.

• Next check number: the number entered in this cell is the next check number to use. You can change it if needed.  

    This tab is visible when the selected bank account has the "with direct deposit/withdrawal" category.

• Default to: If this option is checked, this account will be selected by default when generating a direct deposit.

• Account banking information: used to enter the account's banking information. This information can be found at the bottom of a company check.

• Issuer choice: used to enter the information provided by the financial institution when the user registers for the CPA file payment service. The configured issuer(s) will appear in the "Issuer ID" cell.