How do I create a new Bank Account?
First thing to do is to create the Bank Account in your Chart of Accounts as seen below. Please make sure you use the code depending on your Heading and Sub-Heading digits.
After creating the bank account, you need to specify the account as a Bank System Control Account.
To do so, you need to go to the Support > System Control Accounts and Add the new account as a new Bank Account as shown below:
PS: The same procedure needs to be done for Cash Accounts, Discounts Accounts and Bank Charges.
How do I process a bank reconciliation?
Learn how to run a bank reconciliation in SFM in the video below. You can also refer to the instructions written below the video. Starting the bank reconciliation process To begin the bank reconciliation process, click on the Bank Reconciliation ...
How do I change my SEPA bank account?
To change your SEPA bank account: Go to Support > Bank Accounts Details. Select the bank account you to which would like to assign the SEPA details. Next, click on the Details tab from the top menu and then the Edit button from the left-hand menu. To ...
Voyage Ledger - Purchase invoices in multiple Voyages or Ledgers
How can I post purchase transactions in the Voyage Ledger to multiple Voyages and for non Voyage-related expenses? In the Voyage Ledger, it is possible to post Purchase Transactions to multiple Voyages and also directly to a Nominal Expense Account. ...
How to Reverse a Bank Reconciliation in SFM
Click on the Bank Reconciliation drop-down menu. Select Archive. Select the bank reconciliation you wish to reverse. Press the Reverse button or (CTRL+R). Click Yes on the Confirm Reversal pop-up. A final pop-up will inform you that the 'Bank ...
How do I reverse an entry after posting it?
Once users confirm an entry into SFM, they cannot modify any elements of the data. The only option available is to reverse the full transaction(s) and re post the entry with the right values. The system provides for the reversal of entries as ...