Account is the name you give it, for example ‘Business account’ or ‘Bank X’.

Country is the country where this account is held, Currency code is the currency in which it is held.

IBAN and BIC are its identifiers. The IBAN is formatted according to the country of residence of the registered office. You can use the IBAN context menu to remove the input mask.

The account number in plain text is used in certain reports, as it is easier to read than the IBAN.

**Chart of accounts ** (accounting): you can define an accounting code for each bank account to distinguish between entries. In French accounting, bank accounts are classified under class 51.

The journal code is used for generating accounting documents (journals, profit and loss account, general ledger) and in the XIMPORT export. For example, you can use B1, B2, B3 if you have several banks and want the entries to be in different journals. Otherwise, they will be allocated to the default bank journal specified in the accounting settings screen.

If it is a business account, you would normally only record business transactions in this account. If it is a cash account, you will only record cash transactions in this account.

If a closing date is entered in the Closed on, the account will no longer appear on screens that use the list of active accounts.

The Last cheque number field is used to pre-populate the cheque number when you record a cash out via cheque. It is updated automatically when the entry is posted.

Issuer No. (National Issuer Number – NNE): required for those using the AFB-CFONB export. This NNE, assigned per bank account, has been replaced by the ICS (SEPA Creditor Identifier), assigned per company, since 2014.

It is possible to specify a default payment method , which will be applied to the transaction if no default payment method is specified in the account allocation. It is possible to lock this method, meaning it cannot be changed in the journal entry record. This is useful, for example, to force a cash account to use ‘Cash’ or an online account to use ‘Service Provider’.

If the Manage cheque deposits is ticked for at least one account, a ‘Cheque Deposit’ option in the ‘Accounting’ menu will allow you to print cheque deposit slips for your bank, numbered according to the Last slip no.. Contact is the name of the person who processes cheques at the bank.

You can specify the SEPA transactions you wish to manage on the account: direct debits, credit transfers, both or neither. If at least one transaction is possible, Last SEPA slip no. allows you to record the number of the last SEPA payment slip, and theissuer.

This tab is used to record the account’s addresses.

These must be entered to provide a complete IBAN.

You can use this tab to store any information relating to the bank account.

Other “Accounting” articles