Tourplan iS V2.07 Accounts 2 Training Guide
(continued from Reconciliation Setup)
These are two separate menu choices in the Accounts application. There is Main Menu> Financials> Accounts> Debtors> Debtors Banking and there is Main Menu> Financials> Accounts> Creditors> Creditors Banking. The operation of these applications is identical.
There are two functions of these applications:
Whether either of these applications or processes needs to be run is entirely dependent on how the bank processes multiple item deposits or withdrawals.
As an example, 5 cheques are to be physically banked (not direct credited), and a deposit form is filled out detailing the 5 cheques. If the physical bank statement shows the total sum of the 5 cheques as one line, then debtors banking should be run to consolidate the 5 receipts in Tourplan to one line in the bank reconciliation. If the bank statement shows the individual value of each cheque, then debtors banking will not have to be run since the separate Tourplan receipts are displayed in the bank reconciliation.
Creditors are slightly different from Debtors in that cheques sent to suppliers are presented to the bank as individual transactions. Where EFT payments are being used, some banks output the EFT run total amount as one line on the bank statement, whereas others will output the value of the individual transactions. If the EFT total is the value output on the bank statement, then creditors banking will need to be run to consolidate the EFT payments in Tourplan to one line in the bank reconciliation.
(continued in Create a Banking Transaction)
Tourplan iS V2.07 Accounts 2 Training Guide