How to add a new Bank Account

How to add a new Bank Account

Guidance on how to create new bank accounts, ready for cashbook processing.

(Guide for Pastel Partner 14, but older versions will loosely follow the same method).


You will first need to create the bank account as a General Ledger account.



Part 1):

  • Go to 'Edit > General Ledger > Accounts'.


  • Click on the 'New' button at the top.


  • Fill in the account details (Code, Description and set the Financial Category to 'Balance Sheet' and 'Bank').


  • When you are done, click the 'Save' button to complete the General Ledger Account.




Part 2) For Version 14 only, for versions below 14 skip ahead to Part 2A.


  • Select the currency for the new bank account from the drop down menu and then click on 'Yes'


  • Now go to to Part 3.



Part 2A):


Now that you have your Bank General Ledger account ready, you now need to set it up as a Cashbook / Entry type.


  • Go to 'Setup > Entry Types'.


  • Scroll down to the next available empty entry type and fill in the details as below:
Description: Name of Payments and Receipts (2 separate lines - 20 characters Maximum).
D C: Debit or Credit (select D or C).
Contra In Detail: If unticked, the system generates one contra entry in the detailed ledger report for each batch. 
If ticked, it will show more detailed lines in the detailed ledger report (One line in the report per line in the Cashbook transaction).
Force Projects: Tick to force users to select a project on the batch lines.
Account Access: Payments should be GL and Suppliers - Receipts should be GL and Customers.
Date / Period Entry: Choose if setting the date will set the period as well or the setting the period automatically changes the date.
Cash Book: Select the next available number to use.
Currency: Select the bank account currency.
Bank Account: Select the new General Ledger Account you created.

Click 'OK' to complete.





Part 3):


  • Go to 'Process > Cash Book > Process Cash Books'.


  • Now select the relevant Cash Book / Bank Account from the top to start the batch.










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