Overview: 

You can configure existing bank accounts in the system and add new ones as needed.  Please note the following about Bank Accounts in Zumzum Financials:

• The variable data from your current bank account details will be used on sales invoice document templates, and sent to your customers
• Only bank accounts that are marked as “Active” will be visible in the Bank Payments/Receipts screens
• Each bank account will need to be assigned its own unique nominal account (please create a new one before creating a new bank account
• If multi-company is disabled, your new bank account will be assigned your default corporate company
• If multi-currency is disabled, your new bank account will be assigned your default corporate currency defined on your Company record.

Follow the steps below to enter or update your bank details.

Update an Existing Bank Account

1. Navigate to the Bank Account Tab:
2. Select the All Bank Accounts List View:
3. Edit the Bank Account:
   • Find the bank account you wish to modify and click Edit next to it.
4. Change the Following Details:
   • Bank Account Name: Update the name to make it easily recognizable.
   • Type: Select the type of bank account from the drop-down menu.
   • Sort/Branch Code: Enter the sort or branch code.
   • Account Number: Enter the account number provided by your bank.
   • Account IBAN Code: Enter the IBAN code if applicable.
   • Status: Update the status of the bank account.
   • Nominal Account: Link the bank account to one of your nominal accounts.
5. Save Changes:
   • After making the necessary changes, click Save to update the bank account details.

Add a New Bank Account

Each bank account will need to be assigned its own unique nominal account (please create a new one before creating a new bank account

1. Go to the Bank Accounts Tab:
   • Navigate to the Bank Accounts tab in the main menu.
2. Create a New Bank Account:
   • Click New, located in the top right corner of the screen.
3. Enter Bank Account Details:
   • Bank Account Name: Enter a name for the new bank account that will make it easily recognizable.
   • Type: Select the type of bank account from the drop-down menu.
   • Account Number: Enter the account number provided by your bank.
   • Status: Choose the status of the bank account from the drop-down menu.
   • Nominal Account: Link the new bank account to one of your nominal accounts.
   • Company: Select your company from the drop-down menu.
   • Currency: Select the currency used for this bank account.
4. Fill in Additional Fields (Optional):
   • There are multiple other fields available that you can fill in or link to other records. These are not mandatory for creating the bank account but can be completed as needed.
5. Save the New Bank Account:
   • Click Save to ensure the new bank account details are stored in the system.

By following these steps, you can efficiently manage your bank accounts within the system, ensuring all details are up to date and correctly configured for your business needs.

Learn more about cash management in Zumzum Financials.