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Knowledge Center

Add new bank accounts

When adding new bank accounts, the values in the fields have to be entered manually by RamBase users.

Work with bank accounts and payments

  1. To open the Finance Workspace (FINANCE) application, find Finance in the RamBase menu and then Overview. Click overview to enter the FINANCE application.

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  2. Click the Cash Management button in the Action and Links area.

  3. Select the Banks folder.

  4. Alternative navigation is to enter the Pay Management application (PAM) or the Bank Accounts application (BANK) directly.

Complete the following steps to add a new bank account

  1. Click the Create new icon in the Banks folder.

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  2. In the New Bank popup, set an internal bank account number in the No field.

  3. Set the internal name of the bank account in the Name field.

  4. Select the relevant currency in the Cur field.

  5. Select the relevant category: Bank, Cash or Transfer. This is optional. If nothing is chosen here, Bank will be default.

  6. Enter the bank account number given by the bank in the Bank Account field.

  7. In the GL Account field, click the magnifier icon and select the general ledger account which the current bank account is supposed to be connected to.

  8. Click the OK button.

  9. Add additional information. The Bank Account information window holds information about a certain bank/bank account including periodic balances for each account.

    1. Click on the magnifier icon in the Key Figures section.

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    2. Enter the account's Bank and General Ledger opening balances. The opening balances must be entered manually every year. The bank opening balance must be copied from the bank statement. The General Ledger balance must be copied from the last year's closing balance in the general ledger.

    3. In the DocRef field in the Miscellaneous area, select where the bank account number is going to be used.

    4. Select the file format for electronic transfers in the PayBy field in the Miscellaneous area.

    5. Make sure to select the Factoring option if you are going to use this bank account for factoring transactions.

    6. Check the PayOut box if you want this bank account to be the default account for outgoing payments.

  10. Press F12 to open the action menu and choose the option Register Bank to register the new bank account.

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