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How to: Set Up Bank Accounts

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You use bank accounts in the Dynamics NAV to keep track of your banking transactions. Accounts can be denominated in your local currency or in a foreign currency. After you have set up bank accounts, you can also use the cheque printing option.

To set up bank accounts

  1. Choose the Search for Page or Report icon, enter Bank Accounts, and then choose the related link.
  2. In the Bank Accounts window, choose the New action.
  3. Fill in the fields as necessary. Choose a field to read a short description of the field or link to more information.

Note

To fill in the Balance field with an opening balance, you must post a bank account ledger entry with the amount in question. You can do this by performing a bank account reconciliation. For more information, see How to: Reconcile Bank Accounts Separately. Alternatively, you can implement the opening balance as a part of general data creation in new companies by using the Migrate Business Data assisted setup. For more information, see [Welcome to Dynamics NAV(index.md).

To set up your bank account for import or export of bank files

Fields on the Transfer FastTab in the Bank Account Card window are related to import and export of bank feeds and files. For more information, see How to: Set Up the Bank Data Conversion Service.

  1. Choose the Search for Page or Report icon, enter Bank Accounts, and then choose the related link.
  2. Open the card for a bank account that you will export or import bank files for.
  3. On the Transfer FastTab, fill in the fields as necessary. Choose a field to read a short description of the field or link to more information.

Note

Different file export services and their formats require different setup values in the Bank Account Card window. You will be informed about wrong or missing setup values as you try to export the file. So read the short descriptions of the fields carefully or refer to the related procedure topics. For example, exporting a payment file for North American electronic funds transfer (EFT) requires that both the Last Remittance Advice No. field and the Transit No. field are filled in. For more information, see How to: Export Payments to a Bank File.

To set up vendor bank accounts for export of bank files

Fields on the Transfer FastTab in the Vendor Bank Account Card window are related to export of bank feeds and files. For more information, see How to: Set Up the Bank Data Conversion Service and How to: Export Payments to a Bank File.

  1. Choose the Search for Page or Report icon, enter Vendors, and then choose the related link.
  2. Open the card for a vendor whose bank account you will export payment bank files to.
  3. Choose the Bank Accounts action.
  4. In the Vendor Bank Account Card window, on the Transfer FastTab, fill in the fields as necessary. Choose a field to read a short description of the field or link to more information.

To set the opening balance on new bank accounts

See Also

Setting Up Banking
Managing Bank Accounts
Working with Dynamics NAV