The Bank Transactions setting determines how bank account transactions are reviewed and reconciled.
Bank Transactions disabled: You reconcile account transactions directly, without access to Bank Register and Review.
Bank Transactions enabled: You import bank transactions and reconcile them against the system’s account transactions.
When Bank Transactions setting is set to 'disabled':
User loses access to Bank Register and Review.
The intended workflow is to reconcile account transactions directly.
When Bank Transactions setting is set to 'enabled':
The intended workflow is to import bank transactions.
Those imported transactions can then be reconciled with the system’s account transactions.
Enabling or Disabling Bank Transactions
The Bank Transactions setting determines how bank account transactions are reviewed and reconciled.
How to create the Bank Transactions:
Go to Firm Settings > Configuration.
Select Accounting.
Locate the Bank Transactions setting.
Enable or disable Bank Transactions based on your firm’s reconciliation process
o Enabled: Bank transactions can be imported and reconciled with transactions recorded in the system.
o Disabled: Bank Register and Review are unavailable. Account transactions are reconciled directly instead.
Note: Enable Bank Transactions when your firm plans to import bank transactions and reconcile them with system account transactions.
