Use this screen to set up new bank accounts in the cash book and link them to payment and receipt options. Each account has a unique code, name and active date.

Finances > Cash Book > Accounts

How do I create a new bank account?

1. Click on create a account button to create a new account.
   

2. Enter an Account code and Account name.

3. Select the active date — transactions will be pulled from this date onwards.

4. Optionally select whether it should be a sub-account.

5. Enter a description and/or note (optional).

6. Enter the bank account number.

7. Select which payment methods are permitted from this account by moving the relevant options from left to right.

8. Select which receipt methods are permitted into this account in the same way.

9. Complete the bank details (optional).

Note: You can choose to display the bank account on debtor account statements by ticking the Print bank details on account statements checkbox. Only two bank accounts can appear on the statement.

Frequently asked questions

How many bank accounts can appear on debtor account statements?

Only two bank accounts can be printed on account statements. Select the two most relevant accounts and tick the Print bank details on account statements checkbox on each.

What is the difference between an account and a sub-account?

Sub-accounts are linked to a parent account and are used to further categorise financial data. They are optional and are used where schools need more detailed financial structures.

What is the active date used for?

The active date determines when the account starts processing transactions. For Netcash integration this date is particularly important because transactions will only be pulled from this date onwards.