Add a bank account to track its balance and transactions inside the Accounting module.
Before you start
You’ll link the bank account to a GL account. Only active current asset accounts from your Chart of Accounts appear in the list, so create that account first if needed.
Steps
- From the Accounting menu, open Bank Accounts.
- Select the option to create a new bank account.
- Enter the Account Name.
- Choose the GL Account to link it to.
- Choose the Account Type (checking, savings, credit card, cash, or other).
- Optionally enter the Bank Name and the Last 4 Digits of the account number.
- Optionally set the Opening Balance and Opening Date.
- Optionally mark the account as the default.
- Save the account.
New accounts are created as active, and the opening balance becomes the starting current balance. You’ll see a confirmation with the account name.
Required fields
- Account Name
- GL Account
- Account Type
Tip: If you mark the new account as default, any previous default is updated automatically.