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Setting up Bank

The Registration Model and Setup
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An intermediate video requires some previous experience with Business Central, but it is still easily accessible to most people. Intermediate A "configuration"-video is about how you configure your solution and get it ready for use. Typically, these videos are quite advanced. Configurations

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Presenter: Dennis Schumacher [Machine Voice-over]

How to set up banks in Business Central?

We have opened a new bank account in US dollars, which we would like to create in our Business Central.

This is what happens in the video

We have opened a new bank account in US dollars, which we would like to create in our Business Central.

So, I go into our bank accounts.

Here, I can see a list of the bank accounts that we’ve already created in our Business Central.

I click the New button to create the new bank account.

I give it a name, which is the name of the bank.

In this case, it’s Dynus Bank.

I give it the bank’s registration number, which is 1234, and then I enter the bank’s bank account number.

Then I type in the bank’s address and go down to enter the bank’s postcode.

In this case, Business Central already knows it’s Copenhagen K and it’s a Danish postcode.

In the Posting pane, I select what the currency is to be.

In this case, it’s USD, so that’s US dollars.

I also select which bank account posting group my transactions will be posted to.

In this case, I’m going to choose BANK-FCY because that’s for our foreign payments.

I move down to the Transfer pane, where I enter the bank’s SWIFT code.

Then I type in the IBAN number, I have for my bank account.

The bank account is now ready for use, and from now on I can post to it.

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