Banking
- Former user (Deleted)
Owned by Former user (Deleted)
Short Description
A bank can be defined as a financial institution authorised to accept deposits, make loans (directly or through capital markets) and that provides a variety of financial services and a bank account an account established by a customer for financial transactions.
The Banking section includes the Banks and Bank Accounts modules. The Banks module is a bank register. Accounts can be entered via both modules, but to add more specific key information accounts should be added via the Bank Accounts module. All accounts MUST be linked to a bank.
The information of both modules is used, for example when generating invoices, statement of accounts and when running reports.