1. Search for Bank Accounts

    • In the top-left search bar, type “Bank Accounts”.
    • Click the New button at the top.

  2. Enter Basic Details

    • Add a Code and a Name for the bank account.
    • Tick the relevant boxes to define how the account will be used (e.g., for receiving or paying money).

  3. Assign Legal Entity

    • Choose the Legal Entity the bank account belongs to.

  4. Optional: Add a Contact

    • You can link a contact (e.g., if the bank is also a customer or supplier), or leave it blank.

  5. Enter Bank Details

    • Fill in the Account Number and Sort Code.

  6. Set Payment Methods

    • Define which Payment Methods will be used when this bank is selected on transactions (e.g., payments or receipts).
    • Use the Add button to include methods like “Bank Transfer”.

  7. Configure Bank Statement Import

    • Choose the Bank Statement Import Interface (e.g., Barclays file import).
    • You may need to unlock this option first.

  8. Allow Transfers Between Accounts

    • In the Allowed Transfers section, select which other bank accounts this one can transfer to.
    • Choose the Transfer Type (e.g., Internal Transfer) and match it to the correct Payment Method.

  9. Save and Refresh

    • Click Save, then Refresh the page.
    • Reopen the bank account and click Edit to continue setup.

  10. Link to Chart of Accounts

    • Go to the Accounting section.
    • Click Add, select the appropriate Chart of Account, and click Create.



If you'd like to explore this topic further and see how you can set up different types of bank accounts and add transactions please check this training video: Bank Account set up & Adding transactions