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Use this form to set up the types of transactions that are made in company bank accounts, such as deposit slips, fees, and interest charges.

A summary of the transaction types can be printed on the bank account statement report and used for transaction type reconciliation.

Bank transaction types can be used to limit the number of bank transactions that you have to search through to find a specific bank transaction, such as a check payment, electronic payment, or bank transfer. Instead of examining all bank transactions, you can query the bank transaction type "Check" and easily find the specific check.

You can also create more detailed bank transaction types for checks, such as "Received checks" and "Issued checks," according to the needs of the company.

A bank can create transactions in your bank account, such as bank fees or charges, and interest, and you must create bank transaction types for these types of transactions. When you create transaction lines in the form to balance the company bank account with the bank account statement, you enter the appropriate bank transaction type on each line.

Navigating the form

The following tables provide descriptions for the controls in this form.

Tabs

Tab

Description

Overview tab

Create and view bank transaction types.

General tab

View the tab information for the selected bank transaction type.

Fields

Field

Description

Number of the bank transaction type. In the or forms, you can select as the account type and then select a specific bank transaction type in the field. You can also specify the bank transaction type on journal lines. When you post the journal, the bank transaction type is copied automatically to the bank transaction.

The transaction type number can be an alphanumeric string of up to 10 characters. No special characters are allowed. Each transaction type is a unique value.

Tip Tip

Assign the numbers so that you can recognize transaction types by the number alone.

Name of the transaction type. The transaction type name helps identify the transaction type and is available together with the in other forms.

Tip Tip

Name the transaction types so that you can identify them easily.

Ledger account for the transaction type, which is suggested automatically as the offset account on transaction lines with this bank transaction type. For example, when you post a correction transaction in bank account reconciliation, for example, penny differences, bank fees, or interest charges, the offset ledger account appears automatically if you enter an account in this field for each bank transaction type.

See Also