Bank Accounts

Create and configure Bank Accounts for Bevica Select. Includes key fields needed for posting, payments, and bank reconciliation in Business Central.

Bevica Select comes with a number of bank accounts that have been set up and configured which can be changed to be relevant to your data. You can also create new bank accounts if required.

Creating or Amending Predefined Bank Accounts

Existing bank accounts:

To rename a predefined bank account you will need to amend the following fields.

New bank accounts:

To create a new bank account record you will need to populate the following fields:

Field	Note
No.	Existing bank accounts: Change this from BANK 01 to something else, for example 'CURRENT GBP', 'SAVINGS GBP', 'EUR', 'CREDIT CARD', 'PETTY CASH'. New bank accounts: The number will default based on a number series but you can amend this if required.
Name	This is the name of the bank account.
Bank Sort Code	Optionally enter this information.
Bank Account No.	Optionally enter this information.
IBAN	Optionally enter this information.
Address FastTab	All fields on the Address FastTab are optional.
Currency Code	Populate this if the bank account is in a currency other than local currency. Leave blank if it is local currency.
Bank Account Posting Group	Existing bank accounts: You can leave this as it is. When you amend the bank account posting group (see below) this will update on the existing bank account record. New bank accounts: Populate this field. Note that you will need to create a new GL account and a new Bank Account Posting Group record first and then populate this field. See below.
Last Statement No.	Set this as 000 so that the first bank reconciliation created has statement no. 001.

General Ledger Accounts

Existing bank accounts:

You may want to rename the linked General Ledger Account names for each bank account. To do this, go to the Chart of Accounts, scroll down to the Liquid Assets section, click Edit List and change the Name column.

New bank accounts:

For each new bank account you create, you will need to create a new G/L account in the 2900..2990 range.

Chart of Accounts page showing the liquid assets G/L account range used for bank control accounts (typically 2900..2990).

Bank Account Posting Groups

Existing bank accounts:

You may want to rename the linked Bank Account Posting Group and/or remove any that you will not use at go live. Either drill down on the Bank Account Posting Group field on the bank account record, click Select from full list and click Edit List to amend the Code column.

New bank accounts:

For each new bank account you create, you will need to create a new bank account posting group linked to the new G/L account created above. You will then populate the new bank account record with this bank account posting group.

Bank Account Posting Groups list showing posting group codes linked to G/L accounts for each bank account.