Bank Accounts
Bank Accounts
Select Banking > Bank Accounts. The Bank Accounts screen displays the bank accounts provided to CINC that have been imported. If you are using universal navigation, click Accounting > Settings > Bank Accounts.
Set up new bank account by selecting New.
Complete the following fields for checking, money market, and savings accounts, then click Save:
Description: Enter the bank name as the first part, the type of account, and the last four digits of the account number (e.g., FSB-Operating-1234).
Active: Determines if the bank account is active.
Cash Account: Where to record deposits for this account in the general ledger. Enter a partial name or number or leave blank and click Search.
Interest Account: Required only if the account is interest-bearing. Enter a partial name or number or leave blank and click Search.
Bank: Name of the bank in which this account is located.
Interest Rate: Enter a percent amount for the account’s interest rate.
Type: Select the bank account Type. This can be changed later. However, once a bank account type is switched to CD, it cannot be changed.
Account Number
Beginning Balance: The balance at the time of account creation in CINC Accounting. See section Bank Account Register.
Balance Date: The date of the beginning balance.
Depository: Enable if deposits will be made with this account.
Reserve: Enable if this is a reserve account.
Next Check Number: Use either the last check number from the previous system (incremented by 1) or use a new number incrementing the last check number by 1000.
Next Deposit Number: Use either the last deposit slip number from the old system (incremented by 1) or use a new number incrementing the last deposit slip number by 1000.
Alert Minimum Balance: Works in conjunction with system alerts. Will alert if balance dips below the indicated amount.
Max Signature Amount: Enter the maximum dollar amount of a check that you wish to print a digital signature for.
User Defined Informatio: Set up as user-defined fields under System > User Defined Fields. If you are using universal navigation, click Settings > General > User Defined Fields.
Complete the following fields for CDs, then click Save:
Description: Enter the bank name as the first part, the type of account, and the last four digits of the account number (e.g., FSB-Operating-1234).
Active: Indicates if bank account is still in use. The account will no longer show up on list of accounts if toggled off.
Cash Account: Where to record deposits for this account in the general ledger. Enter a partial name or number or leave blank and click Search.
Interest Account: Required only if the account is interest-bearing. Enter a partial name or number or leave blank and click Search.
Bank: Name of the bank in which this account is located.
Interest Rate: Enter a percent amount for the account’s interest rate.
Type: Select the bank account Type. This can be changed later. However, once a bank account type is switched to CD, it cannot be changed.
Term: Select the term month amount.
Account Number
Maturity Date: Select the maturity date using the calendar.
Beginning Balance: The balance at the time of account creation in CINC Accounting. (See Bank Account Register.)
Balance Date: The date of the beginning balance.
Reserve: Enable if this is a reserve account.
User Defined Information: Set up as user-defined fields under System > User Defined Fields. If you are using universal navigation, click Settings > General > User Defined Fields.