Bank

Bank Master
The Bank Master is a centralized module that stores and manages all key bank account details. It ensures every transaction in vouchers is accurately linked to the correct bank and account.

It is divided into three main sections:

• Details: Includes bank name, code, account number, branch, IBAN, and SWIFT code.
• Contact & Address: Stores communication and location details of the bank.
• Accounting: Links the bank to the appropriate accounts in the Chart of Accounts.

Bank Reconciliation
Bank Reconciliation ensures your accounting records match your bank statement. It helps identify differences like bank charges, interest, or timing gaps (e.g., uncleared cheques).

Regular reconciliation keeps your Cash Position and financial reports accurate and reliable.

Key Components:

• Account Code: Select the bank account to reconcile.
• Bank Statement Balance: Enter the closing balance from the bank statement.
• Reconciliation Table: Lists transactions to match with the statement.
• Difference: Shows the gap between records and statement (target: 0.00).