Banking Features

Default features for Banking can be altered from the F11: Features > F1: Accounting Features screen

Set the option Alter Banking Features to Yes

The Banking Features screen appears as shown below:

The fields in the screen are explained below:

Alter List of Transaction Types: On setting this option to Yes, the Alteration of Transaction Types screen opens. In this the user can include or exclude Transaction Types, as required

Note: At-least one Transaction Type should be enabled for Payments and Receipts.

Show Additional Bank Details For: Banking Details include Account Number, IFS Code, Bank Name for Inter Bank Transfers and Account Number for Same Bank Transfer. On enabling this option, all these Additional Details will get displayed during Voucher entry. If the user doesn't want to display these details during entry, the option None can be selected.

Allow to Enter Beneficiary Code: On enabling this option, a button B:Show Beneficiary Code/Hide Beneficiary Code is available in the Ledger Master Creation/Alteration screens. This will help the user enter Beneficiary Code, specific to the Bank selected in the Company

Note: All Ledger Creation/Alteration screens have the option Allow to Enter Beneficiary Code, except Cash, P& L and Bank

Show Transfer Mode: Enabling this option, will display the Mode of Transfer (NEFT/RTGS) in the Bank Allocations screen for Inter Bank Transfers transaction type while passing Payments and Receipts voucher entry. This will get picked up during voucher entry using Voucher Class

Enable Bank Details for Cost Centres: This option is available only if Cost Centres and Cost Categories are enabled for the Company. On setting this to Yes, the Cost Centre Creation screen will have the option Provide Bank Details.

Import Beneficiary Bank Account Details: Bank Account Details of the beneficiary can be imported in Excel Format,  if this option is set to Yes

If this option is set to Yes, the Import  of Data screen appears as shown below:

Enter the Import File Name, along with the location path to import the required Excel File

To view a sample file, click the button, P: Payee Sample File

Note: If Payroll is enabled, the button, E: Employee Sample File is available, which is used to import Employee Bank Details

The Exporting Sample File screen appears. On accepting this screen, the Ledger Bank Details file opens