Skip to Content
0
Jan 16, 2008 at 01:49 PM

Electronic Bank Statement(EBS)- Account Symbols

72 Views

Hi All,

We have 10 different physical bank accounts and each bank account is assigned to GL account (Main bank account).under every main bank account, we have 3 or 4 clearing accounts (Check clearing, EFT clearing and etc.).

Should I create 10 different main account symbols and 10*3 clearing account symbols? or I can use same clearing account symbols to map 10 different main accounts symbols in electronic bank statement process? Please advice me on this?

We have the following banking structure. every account assigned to main account and under these accounts we have 3-4 clearing accounts.

1.Operating Concentration Account

2.Trust Investment Concentration

3.ZBA - Checking Controlled Disbursement

4. Payroll

5.Investment

6.Dividend Payments

7.Special Purpose account

8.Savings

9.Tax/Compensation

10.Brokerage Acct

Some transactions are happening between main acounts.

Example

Cr Operating concentration

Dr ZBA checking controlled disbursement account

OR

Dr Operating Account Concentration

Cr Payroll

How can i create account symbols for above structure?please advice me.

Thanks,

Rau