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Questions for Bank Account General Tab

Questions in this section are intended to help you make decisions about your setup. These questions follow the order of the fields as they are described in the Field List section of the topic for this page or form.

Field List

Refer to the following field list for more information: Bank Accounts Setup.

Instructions

1. Print this topic—one set of questions for each bank account you want to set up. Right-click this topic to display a popup menu, and then click Print.
2. Confirm that you have read the setup details on the topic.
3. Answer each of the questions on the setup questions pages.
4. Enter a response or circle your answer. The If statement tells you what you should do on the tab in the system, based on your answer.
5. Use your answers as a guide to setting up each bank account.

Questions for General Tab

Bank Account ID

What ID do I want to use for this bank account?

Enter an ID: ______________________________________

Description

What description do I want to use for this bank account?

Enter a description: _______________________________

Canadian Bank

Is this bank account for a Canadian bank?

Circle one: Yes or No.

On the screen:

—If no, accept the default of no check mark.

—If yes, add a check mark and then complete Micr Line # (optional) and Bank # fields, as follows:

Micr Line #:  _______________________________

Enter the Micr Line characters for the Canadian bank in this format TTTTT-YYY-BBBB-AAAAAA where:

T = Transit value

Y = Institution value

B = Branch value

A = Account value

Bank #:  _______________________________

Enter the Bank # for the Canadian bank.

For details, refer to field descriptions for these fields on the General tab for Bank Account setup.

Transit (ABA) #

What is the bank transit number?

Enter the number: ________________________________

Account #

What is the bank account number?

Enter the number: ________________________________

Routing 1/2

What are the bank routing numbers?

Enter the numbers: _______________________________

Account Type

What is the account type?

Circle one: Checking, Saving, Deposit Only.

Last Deposit #

What is the last deposit number for this account?

Enter the number: ________________________________

Last Statement

What is the date of the last statement?

Enter the date: ___________________________________

Inter-company

Do I want this account to be used as an inter-company clearing account?

Circle one: Yes or No.

On the screen:

—If yes, add a check mark.

—If no, accept the default of no check mark.

ACH ID

Am I going to use this account for direct deposit?

Circle one: Yes or No.

If yes, what is the automated clearinghouse identification for the bank?

Enter the ACH ID: ________________________________

ACH Name

If yes, what is the automated clearinghouse name for the bank?

Enter the ACH name: _____________________________

Navigation

Bank Accounts Overview