The next step is to set up your company’s banking information. This is done using the Bank Accounts form (Figure 16) found under File Maintenance Bank Accounts.

Fill out a form for each of the bank accounts your company will use. Each account should be assigned a Bank Account Code to identify it.

In the Asset G/L field you will need to identify the General Ledger account assigned to this bank account. You should have already created this G/L account when entering G/L accounts in the Ledger Code Maintenance form as described above. Since the G/L code for this bank already exists, we can now use a nifty little feature of The Application called the SEARCH KEY. With the cursor in the Asset G/L textbox, you can hit the F3 key and a grid will pop up that allows you to search through the G/L codes you have created to select the appropriate code for this bank account. You may have noticed that the Asset G/L field has a yellow background instead of white. This is a signal that the F3 key is available to use in that field. Any field you see anywhere in The Application which has a yellow or peach-colored background will allow you to use the F3 SEARCH KEY to select from a list of data-input options. You can also use the F3 key in many grids, even though the field in the grid might display a white background. Whenever you think you might like a list to choose from when entering data in The Application, you can always hit the F3 key to see if it will give you a list. If the particular field you are in does not support the F3 SEARCH KEY function, there is no harm in hitting the F3 key, it just does nothing.

In the Opening Balance field you will want to enter the account balance as of the day you will begin using The Application.

When you are finished entering all the data, click the Save button. Again, The Application will stop you if you have not entered all required data. If at any point prior to saving the data you wish to cancel the data input, you can click on Cancel.

Setting Up the General Ledger

TOC

Setting Up Brokers