Sage Business Cloud Enterprise Management Help Series: How to create a bank

As with my previous blogs we are going to tackle an issue that is raised often with support.

This guide aims to provide an easy way to create a bank but will not discuss each and every option, tick box and field available on each tab. Instead, it is for you to find an existing similar bank that you could easily copy.

Go to Common Data > G/L Accounting Tables > General > Accounts

Bank 1

Find a similar bank account that you can copy.

Bank 2

To copy:

  • Enter the new account number in the Account field,
  • Change the description, short title, & currency accordingly and tab off,
  • Make sure the Active tick box is ticked,
  • The Create button should enable, press it and the GL account for the new bank is created.

Bank 3

Create New Journal Code in Common Data> G/L Accounting tables> General> Journal codes

Bank 4

Bank 5

Once the Journal Code is created you need to click the “Opening” button on this screen to open the code for the company.

Bank 7

Bank 6

Create the new Bank Account, in Common Data> BP Accounting Tables> Bank Accounts, entering the General details.  

 Bank 8

BAnk 9

Finally, the last step is to add the Journal Code and currency details onto the bank account and control tab. Then the bank account should be available for use.

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