Add or edit bank account

To monitor and record your financial transactions, add any business related bank accounts to IRIS KashFlow. You can then match the transactions in the system with the transactions in your bank account.

1. Go to Bank and select Add New Account.

2. Enter a Name for the account.

   

3. The Account Code is the code that you want to use in your chart of accounts. This is generated for you, but you can enter a different code.

4. You can select an Icon from the list to visually represent your bank. This is displayed on the Financial overview widget.

5. The Start Balance should be left at zero.

   If there are transactions recorded in IRIS KashFlow that relate to this account (such as sales or purchase invoice payments), you need to import the transactions, manually add the transactions or record the relevant opening balance using a journal.

6. The Reconcile Date sets the date to start recording transactions for this account. When you perform a bank reconciliation, any unreconciled items after this date will be shown. Typically, this is set to the day before you started using IRIS KashFlow.

7. Choose the default Payment method for Sales Invoices from the list. Do the same for purchase invoice payments by choosing from the and Purchases list. We'll use these defaults when you record incoming or outgoing payments for this bank account.

8. Select Include an overview page if you want this bank account to be shown on the Financial Overview widget on your dashboard.

   

9. Select Set as default account if you want this account to be shown first in the list and selected by default where applicable.

10. Select Save.