Banking functions are available after you set up at least one cash account and its associated bank.
Use the Banking module to enter bank information to write checks from the system, record payments made by credit card, transfer funds, and reconcile your bank statements with the activity in any applicable cash account.
You can also enable the Bank Feeds feature to automatically download up-to-date transaction information from thousands of bank and credit card providers, or you can use the Upload E-Statements feature to download credit card details and transactions from bank statements, virtually eliminating manual entry in either of these modules and considerably speeding up the bank reconciliation.
From the Banking drop-down menu, you can access the following functions:
§ Check Writing: Use the Enter Check screen to write checks or record cash payments or handwritten checks to vendors, customers, or employees.
§ Check Printing: From the Check Printing screen, you can print or reprint checks or add checks to be printed.
§ Cash Receipts: Use the Cash Receipts screen to record deposits or invoice payments from customers and access the Cash Receipts List to review all deposits received.
§ Upload E-Statements: From the Upload E-Statements screen you can initiate the importing of Bank Feed transaction information, or you can download check and deposit information directly from clients' bank accounts to automatically create transaction entries, record details from credit card statements, and issue checks.
§ Cash Transfers: Record funds transferred from one cash account to another.
§ Reconciliation: Reconcile your bank or credit card statement with the balance in the associated cash account.
§ Cash Register and Check Register: From the Registers screen, you can use the Cash Register tab to review all disbursements and receipts for any cash account, or select the Check Register tab to review all checks and cash payments entered through the system.