http://www.adempiere.com/history/Banking_Setup?feed=atom&Banking Setup - Revision history2024-03-28T09:52:40ZRevision history for this page on the wikiMediaWiki 1.24.4http://www.adempiere.com/index.php5?title=Banking_Setup&diff=6976&oldid=prevMJMcKay: Created page with '{{Breadcrumb|Table of Contents#System Administrator's Guide|Implementation|next=Business Partner Setup}} Category:Documentation Category:Table of Contents [[Category:Syst…'2011-01-08T21:05:00Z<p>Created page with '{{Breadcrumb|Table of Contents#System Administrator's Guide|Implementation|next=Business Partner Setup}} <a href="/Category:Documentation" title="Category:Documentation">Category:Documentation</a> <a href="/edit/Category:Table_of_Contents?redlink=1" class="new" title="Category:Table of Contents (page does not exist)">Category:Table of Contents</a> [[Category:Syst…'</p>
<p><b>New page</b></p><div>{{Breadcrumb|Table of Contents#System Administrator's Guide|Implementation|next=Business Partner Setup}}<br />
[[Category:Documentation]]<br />
[[Category:Table of Contents]]<br />
[[Category:System Admin documentation]]<br />
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It is important to setup banking information correctly so that payments can be effectively tracked and reconciled.<br />
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== Banking Setup ==<br />
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Before you begin with the setup of the banking information, please read the page on [[Banking]].<br />
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Bank information is identified in the {{TreeRef|System Admin|Organizational Rules}} {{WindowRef|Bank}}. The {{TabRef|Bank|Bank}} is used to identify the bank and branch where the account information is held. This includes items such as the address, routing number and SWIFT code.<br />
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The {{TabRef|Bank|Account}} is used to identify information about the account including the currency and account type.<br />
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Subordinate to the Account tab are the following:<br />
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*{{TabRef|Bank|Bank Account Document}} where the specific documents related to payment types can be defined. The payment rules are the standard:<br />
** Check<br />
** Credit Card<br />
** Direct Debit<br />
** Direct Deposit<br />
** On Credit<br />
: The definition includes the print format for the document. For cheques, this is the print format for the cheque. <br />
: The next number to use in the sequence can also be set here.<br />
* {{TabRef|Bank|Payment Processor}} where the payment processor is defined.<br />
* {{TabRef|Bank|Statement Loader}} where the Statement Loader processor is defined. <br />
* {{TabRef|Bank|Accounting}} where the default account combinations can be defined for the various accounting schemas.<br />
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When establishing the banking information, you will need to define a bank account in ADempiere for each actual bank account. You will also want to setup a bank account for each payment processor you use, regardless of whether you use them on-line or not. Each bank account will require an asset account and an in-transit account. The asset account should always match your bank statements. The in-transit account balance will represent the outstanding cheques and payments in the system.<br />
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Setup a different bank account for each type of card processed by your payment processor(s). You will want a one-to-one relation between a particular card type and the bank account used to track the transactions. It will be much easier to reconcile.<br />
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In the {{TabRef|Bank|Payment Processor}}, check off one and only one type of card that will be tracked by that bank account.<br />
{{Note|There is no harm in selecting multiple card types. In the reconciliation window, all payments will be appear without reference to the card type. It can be easier to reconcile a payment processor account when you can differentiate the card types - hence the recommendation to use a separate account for each type.}}<br />
So for an example, ACME Co. has a checking account with RBC and uses Moneris as a payment processor. They accept Visa, MasterCard and American Express. In the Bank window, there are two banks defined, RBC and Moneris. The RBC bank has a single account. The Moneris bank has three accounts. The chart of accounts includes eight accounts - 4 bank accounts and 4 in-transit accounts.</div>MJMcKay