BANKDEPS

Bank Management (BNK) > Bank Reference Information > Bank System Gencode Tables

BANKDEPS

The BANKDEPS Gencode Table defines and controls the Miscellaneous Deposits that can be created in the Bank Management Program. Miscellaneous Deposits are used to record deposits or increases to the bank account balance that are not associated with accounts payable or accounts receivable activity. Examples of miscellaneous deposit transactions might include interest income, non accounts payable refund checks, transfers from another bank account, or other items.

When a miscellaneous deposit transaction is processed in the Bank Management program, a record is created in the Bank File for the amount of the deposit and a journal entry is made to record the transaction in the general ledger.

The records in the BANKDEPS table are used to define the miscellaneous deposits that can be created in the program, and which general ledger account is used to record each type of deposit.

The information that should be loaded into each field in each Gencode record in the BANKDEPS table is listed below.

Table:BANKDEPS

Code: The code you wish to use to identify the bank deposit (this must be unique). For the title record, you should enter --------- (dashes) into the code field. For the other records in the table, you should enter a code (up to 8 characters), to define the deposit type. Examples might include “INTINC (interest income), “XFERIN” (inbound transfer).

Verify: A Short description of the type of deposit (up to 15 characters).

Description: A description of the type of charge (Inbound Transfer, Interest income).

Title Flag: N (except for the title record).

Data1: The autopost number of the general ledger account that the deposit should be posted to. The valid autopost range is 780-799. Each autopost can be assigned to only one general ledger account, but multiple Gencode records in a single table (or Gencode records from this and the below BANKCHGS table can be assigned to the same autopost). This flexibility allows charges and deposits to be posted to the same account if required (i.e. a transfer clearing account).

Data2: Not used.

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