IMOS On-Prem - Bank Links

View IMOS Documentation in the Help Center.

 This is a Key Topic, with high value for all users.

Set up a Bank Link for each bank that is debited or credited for a payment to your company, but only if you are recording payments in IMOS. This form binds the bank to a General Ledger number and also sets the bank currency.

In the Chart of Accounts, each account that has Bank in the Category column must be linked to a bank.

Setting Up Bank Links

Make sure of the following:

• The Chart of Accounts includes the Ledger Code and Account Name for the account where the cash transactions will be recorded, with Category Bank.
  

• The bank has an entry in the Address Book of Type N (Banks) with the following information:
  • Bank Name
  • Branch
  • On the Account Information tab:
    • Currency
    • Account Number
      

• The internal company Address Book entry (Type W, Company Info) has the bank selected on a line of the Bank Links tab, with the following information:
  • Bank Name
  • Branch
  • Currency
  • Account Number
    

Linking a Bank

To link a bank:

1. In the Financials module center , under Setup, click Bank Links.
   
   Company Bank Links should have a line with your Company Name, Bank Name, Bank Account, and Currency.

2. Select the Ledger Code used in the Chart of Accounts for the bank.