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1. Record your bank account details

This is task 1 of 4 for setting up electronic payments (see an overview of all tasks).

Before you can process electronic payments, you need to record the details of the bank account your electronic payments will come from.

To record your bank account details

  1. Go to the Accounts command centre and click Accounts List. The Accounts List window appears.

  2. Select the bank account (that is, an account with a Bank or Credit Card account type) that you want to use for electronic payments.

  3. Click Edit. The Account Information window appears.

  4. Click the Banking tab.

    Business Banking details
  5. Enter your bank account details in the fields. Copy this information exactly as it appears on your bank statement or chequebook.

    HSBC and Citibank account number formats

    If you are setting up an HSBC bank account for electronic payments, you need to enter your 12-digit internal account number in the Particulars field to allow your bank to process direct credit files. If you are setting up a Citibank bank account for electronic payments, you need to enter your internal account number in the Reference field to allow your bank to process direct credit files.

  6. Click OK to return to the Accounts List window.

  7. Repeat from step 2 for each bank account you want to make electronic payments from.

When you're done, continue with 2. Set up a clearing account.