Bank Accounts

The Bank Accounts tab is where the Bank Account details can be configured for your Company. In order to do this, follow these steps:

  1. Navigate to the Bank Accounts Tab in Oval Administration.
  2. Click on New.
  3. Enter the Bank Account Name.
  4. Enter the Bank Name.
  5. Select the currency (If you have multi-currency enabled).
  6. Search for the Entity this Bank Account relates to.
  7. Enter the Account Number.
  8. Enter the Sort Code.
  9. Click on save.

The Bank Account has been created and you are now able to input a Bank Statement.

To input a Bank Statement, follow these steps:

  1. Click on New.
  2. Enter the Bank Statement Name.
  3. Enter the Start and End dates.
  4. Enter the statement Reference.
  5. There is also space to add additional notes if required.
  6. Click on Save.

The Bank Statement has now been setup and you can add Bank Transactions.

To input the Bank Transactions, follow these steps:

  1. Click on the Bank Statement Name to open it.
  2. Click on New.
  3. Enter the Date.
  4. Enter either the Debit or Credit amount.
  5. Enter a Description if required.
  6. Click on save.
  7. Enter as many transactions as needed.

The Bank Transactions will now show in the list.

End of Article.