Bank Accounts

A Company will have many individual Bank Accounts where funds will be deposited and drawn from.

Accessed via File -> Configuration ->Financial -> Bank Accounts from the drop-down list.

New Bank Accounts can be created at any time and there is no limit to the number of them defined.

• Acquaint automatically creates a number of default Bank Accounts:

  • Client

  • Deposit

  • Current

     

• Each Bank Account can be reconciled using the Bank Reconciliation function

• An Opening Balance and Opening Balance date can be set for each Bank Account. This will be reflected on the Company Account screen, Bank Reconciliations and Reports

• Money can be transferred between Bank Accounts using the Transfer Funds option

• Deposits receipted into the Client Bank Account can easily be transferred to the Deposit Bank Account (or the TDS Custodial Scheme) by using the Transfer Deposits function.

   

  Acquaint supports multiple Client Accounts for Landlords.

   

  1. To configure custom Bank Accounts find the Landlord's record.
  2. Click More Details
  3. In the Payment Settings section click Custom Bank Accounts.
  4. Client Bank Account and Deposit Bank Account fields appear, use the drop down list to select the respective bank account.

   

  Where a Landlord has a Custom Bank Account, when closing a billing a Work Order it will default to paying it from that.