User Guide

Changes and New Features in Bank Services
What's New in Version 5.6 7
New Distribution Sets that Simplify Transaction Entry
Consistent with other Sage Accpac applications, you can now add
distribution sets as well as distribution codes to simplify transaction entry.
(In earlier versions, distribution codes were called “transaction types” in
Bank Services.)
Distribution sets are groups of distribution codes that you use together in
a transaction.
New Bank Entry Form that Handles Complex Bank Entries
A new Bank Entry form (similar to the G/L Journal Entry form) lets you
record more complex transactions than in previous versions.
Because the new form accommodates any number of general ledger
accounts, you don't have to use Accounts Payable or Accounts Receivable
to include interest and taxes in bank transactions. For example, you can
record mortgage payments right in Bank Services — you don't have to set
up your bank as a vendor in Accounts Payable.
You open the Bank Entry form using the icon in the Bank Transactions
folder, or by clicking the Bank Entry button on the Reconcile Statements
form. The Reconcile OFX Statements form also lets you open a modified
Bank Entry form that includes just the fields required for a reconciling
entry.
You can post a bank entry using the Bank Entry form, or you can use the
Post Entries form to post a range of entries.
New Bank Entries Posting Journal
A n
ew Bank Entries P
osting Journal maintains your audit trail of posted
bank entries.
Updated G/L Integration to Support New Bank Transactions
The G/L Integration form lets you
specify different reference i
nformation
from bank entries, bank entry details, and reconciliation entries to use in
the corresponding G/L entries.
Also regarding G/L Integration, if you use the Create G/L Transactions By
Creating A New Batch or the Create And Post A New Batch and you
reverse multiple checks, Bank Services 5.6 assigns all the check reversals
to a single G/L batch.