Bank Account

Audience: Admin
Type: Reference

Reference

For system behavior and rules, see
SmartBooks Documentation – Section 3: SmartBooks Settings

Purpose

Bank Account setup allows you to record and manage your company’s bank accounts inside SmartBooks.

These accounts are used for payments, receipts, transfers, reconciliation, and reporting.

How to Access

1. Go to SmartBooks

2. Click Settings

3. Open Bank Account

URL format:
https://app.thulo.com/{tenantname}/ps/admin/accounting/setting/bank-account

What Bank Account Setup Does

Bank Account setup allows you to:

• Add company bank accounts

• Define opening balances

• Link bank accounts to accounting records

• Use accounts for payments and reconciliation

Each bank account is linked to the Chart of Accounts.

Adding a New Bank Account

To add a bank account:

1. Click Add Bank Account

2. Enter the Bank Name

3. Enter the Account Name

4. Enter the Account Number

5. Select the Currency

6. Enter the Opening Balance (if applicable)

7. Select the linked Accounting Account

8. Save the bank account

The bank account becomes available for transactions.

Editing a Bank Account

You can edit a bank account to:

• Update account details

• Change the linked accounting account

• Adjust display information

Changes affect future transactions only.

Important Notes

• Bank accounts apply across the SmartBooks module

• Incorrect setup can affect balances and reconciliation

• Existing transactions are not recalculated automatically

• Only users with Settings access should manage bank accounts

Nepal Context Note

• Automatic bank feed connections are not applicable in Nepal

• Bank transactions should be imported manually or recorded directly

When to Configure This

• During initial SmartBooks setup

• Before recording payments or receipts

• Before starting bank reconciliation

Related Articles

• Banking rules & Import bank transaction

• Record a transfer

• Reconcile an account

• Chart of Accounts

End of Article