Banking and Check System Overview

All bank accounts are set up as separate banks (may have same descriptions) through the Bank F/M program. Each bank that you set up is used system wide.

The Banking & Check subsystem maintains bank account balances through postings from

You can use Bank Transaction Entry to create and edit open bank transactions, such as deposits, bank transfers, miscellaneous bank transactions and non-bank transactions.

Use the Bank Transaction Register to select open bank transactions to print and optionally update. The registers creates a detail listing and a GL distribution.

Use the Bank Reconciliation program to reconcile your bank transactions in FACTS with your bank statement.

Use the Bank Inquiry program to view general information, stored Ledgercards and written checks.

The Bank Transaction Listing program allows you to print transactions for a selected bank.

Use the Bank Transaction Removal program to print and remove cleared bank transactions only.

Use Bank F/M (SMF510) to create and maintain alphanumeric bank codes, which are used throughout the system to represent banks used by the company and Bank Control F/M to set up the bank transfer clearing account.