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3. Banking

Create Check Formats

Create the check formats to be used when printing checks against your bank accounts.

  • Select check format from predefined reports in xTuple.

  • Additional check formats can be found on the xTuple xChange.

Create Bank Accounts

Bank accounts are established to define the asset account to be used when receiving or making payments.

  • Enter name and description of bank account.

  • Input bank name and bank account number.

  • Map to appropriate G/L asset account.

Create Adjustment Types

When reconciling bank accounts, it is often necessary to make adjustments to reflect bank activity (i.e., fees, interest, etc.).

  • Select NEW to create an adjustment type.

  • Specify adjustment account to be used.

Create Encryption

You must have an encryption key defined to successfully process credit card and electronic funds transfer (EFT) transactions in xTuple ERP.

  • Read more about how to set up an encryption key.

  • Enter file name and browse to file location.

Configure Credit Cards

Configure your system to process credit cards. Some of the options are as follows:

  • Select option to accept credit cards.

  • Confirm transaction options.

  • Associate bank accounts with credit cards.

  • Establish service options.

Additional Banking Information

Learn more about advanced banking-related topics addressed on our website: