Setting up client bank accounts

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Our Support department is closed on Friday, April 28th for a company event. However, limited Accounting CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline for quarterly payroll tax forms.

Links to our most popular payroll tax processing topics are available in the Alerts and notices section on the right side of most pages.

The Bank Accounts screen enables you to add or modify information about bank accounts used for the selected client.

  1. Choose Setup > Bank Accounts.
  2. In the Bank Accounts screen, select the appropriate client from the client selection drop-down list at the top of the screen.
  3. Click the Add button.
  4. In the Main tab, enter the description for the bank account in the Description field and select the bank from the Bank drop-down list. The list contains all banks that have been set up in the Setup > Firm Information > Banks screen.
  5. In the Account type field, select Checking, Savings, or Credit card from the drop-down list, as appropriate, and enter the account number in the Account number field.
  6. In the References section, enter the next check number to be used and, if appropriate, specify a beginning reference to be used for zero-amount net checks, such as payments via direct deposit, EFTPS, and electronic or internet files, by marking the Zero amount net checks checkbox and entering the beginning reference in the text field.
  7. In the General ledger section, enter the appropriate, unique GL account(s) to be used for this bank account and then enter the reconciliation journal entry reference to be used for transactions in this account, if applicable.
  8. Click the Layouts tab to select default check layouts selection, specify MICR information, and select logos and signatures to associate with the bank account.
  9. Click the Direct Deposit tab and enter any direct deposit information for this account as necessary.
  10. Click the Enter button to save the bank information.

    Note: If the application displays a message saying that the GL account already exists in another bank account, but you do not see a bank account that uses that GL account, verify that this GL account is not being used for an inactive bank account. To display inactive bank accounts in the bank accounts list, mark the Include inactive checkbox in the upper-right corner of the screen. Show me.

    Inactive bank accounts

Related topics

Client setup overview

Direct deposit overview

Impound overview

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