Bank Account Transaction

Created by Erik Åkerlund, Modified on Mon, 20 Feb, 2023 at 2:28 PM by Erik Åkerlund

Bank Account Transactions (Deal input menu)

The form is used for entering transactions that are not generated from deal input of financial transactions but have effect on your bank accounts.

For example: Manual movement of funds between two bank accounts (Cash flow). Balance adjustments of items posted to the account by banks e.g. bank fees, manual payments of other non-financial transactions. The form will display up to date account balances of the accounts at each entry.

Parameter	Description
Cash Flow	To be included in payment files.
Balance adjustment	Only for adjusting the balance when the transaction is already posted by the bank.
Transfer	Transfer between two bank accounts within same legal entity
P/L Impact	Checked = Include in Profit/loss analysis. Allocate result to selected allocation period

'Transfer - code both transaction' - if checked = both transfer transaction account will be coded.

Bank account transactions can be coded according to predefined accounting instructions (recommended) like other financial transactions.
They can also be coded manually described below:

Click on the 'Coding accounts' button to enter debit and credit accounts. Enter also what codes should be used for adding account extensions, if any. Available extensions are Legal entity, Counterpart and Currency. The transaction is then automatically coded when it is confirmed in Back Office Confirm start. Check the box No Coding if account coding is not needed.