to select, the currency code in which
your bank account is denominated.Use this screen to set up bank account information for your company, including bank account and bank location. You can specify a more familiar bank abbreviation and description for use throughout the Bank Reconciliation screens to identify a specific bank account. In addition, you can define the range of check numbers to use for zero balance checks.
Complete this screen as part of the general Costpoint initialization, before processing begins and before detail transactions have been written to the history tables.
Set up company bank account information before any transfers to or from Costpoint Accounts Payable or Payroll. Before an account can be updated, you should first establish the bank account abbreviation in this screen.
If your company will be paying vendors using EFT functionality, you also need to initialize information in the EFT Bank Info subtask.
In this group box, you can enter the bank abbreviation and description, bank ID (ABA number), bank name, and blank check address.
Enter up to six alphanumeric characters in this required field. You can use Find or Query to locate an existing bank abbreviation.
You can use this field to designate a more familiar bank abbreviation and description that can be used throughout the Bank Reconciliation screens to identify a specific bank account. The bank abbreviation is not necessarily an abbreviation of the bank name. For example, if you have a savings account and a checking account, you might set up two bank abbreviations called "CK1" and "SAV1" to designate the two accounts. Above all, the bank abbreviation should be meaningful to users that perform bank statement/G/L reconciliations.
Enter the bank's nine-digit bank ID (ABA number) in this required field or use Lookup, Find, or Query to select the desired number. The bank ID and the ABA number are consistently interchangeable throughout Costpoint. The Federal Reserve Board assigns a nine-digit ABA number to each bank as the unique identifier for the bank. (The ABA number is the first block of numbers at the bottom left portion of a check or deposit slip issued for use by individuals or corporations.)
There can be more than one bank account associated with the same bank ID. For example, a savings account and a checking account at the same bank would each have a unique bank account number but the bank ID (ABA number) would be the same.
When you enter a Bank ID, the non-editable field to the right displays the associated bank name from the Maintain Banks screen. If you need to edit the bank name, you must do so in the Maintain Banks screen. The bank name displayed in this field is automatically printed on blank laser checks.
Enter, or use to select, the currency code in which
your bank account is denominated.
Enter up to 30 alphanumeric characters in this required field to provide a description for the bank abbreviation. Although a single character entered in this field fulfills the system requirement for a description, you will find it more beneficial to supply a meaningful description, because the bank abbreviation description automatically displays in Bank Reconciliation screens and in reports that use this field.
Enter up to 45 alphanumeric characters in this optional field to provide the bank address to be printed at the top of blank laser checks (e.g., Bank City, State/Province, Postal Code, such as Herndon, VA 20171, etc.). The address should be for the bank against which the check is being written.
Although this field is not system-required, you should always enter data in this field if you use blank laser checks. You need not enter this data if you use pre-printed checks.
In this group box, you can enter the required bank account, fractional ABA routing information for the bank abbreviation, and check number range for zero balance checks.
Enter up to 17 alphanumeric characters in this required field to specify the bank account number. This number will be used in the Maintain Bank Statement Info screen. You must designate the account in advance for Accounts Payable, Accounts Receivable, and Payroll.
Enter up to 30 alphanumeric characters in this optional field to identify the fractional routing (ABA) number. This number represents a bank ID code/Federal Reserve district transit symbol.
Although this field is not system-required, you may, depending on bank requirements, need to enter data in this field if you use blank laser checks. You need not enter this data if you use pre-printed checks.
Use these fields to enter the starting and ending check numbers for your zero checks. (Remember, checks have nine digits.) We recommend that you plan an adequate range for zero checks. If no range is selected, zero checks will automatically default to the range 000,900,000 through 000,999,999.
Select this button to access the Company EFT Bank Info subtask.
Select this button to view the cash account(s) set up for use with this bank account.
Select this button to enter a subtask where you can upload bank settings.