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 Banking and check system overview

All bank accounts are set up as separate banks (can 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:

These programs are available from the Banking and Checks menu.

Bank Transaction Entry, which is used to create and edit open bank transactions, such as deposits, bank transfers, miscellaneous bank transactions and non-bank transactions.

Bank Transaction Register, which is used to select open bank transactions to print and optionally update. The registers creates a detail listing and a GL distribution.

Bank Reconciliation, which is used program to reconcile your bank transactions in FACTS with your bank statement.

Bank Inquiry, which is used program to view general information, stored Ledgercards and written checks.

Bank Transaction Listing, which is used program allows you to print transactions for a selected bank.

Bank Transaction Removal, which is used program to print and remove cleared bank transactions only.

Bank F/M (SMF510), which is used to create and maintain alphanumeric bank codes that 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.