How to create bank accounts | ParagonERP

How to create bank accounts

Here we'll walk you through how to add a bank account to your company's profile. Before making or receiving a payment, you need to enter your company's bank account information.

Step 1: Open the my company module

This change will be done in the my company module. 

Step 2: Access the financials tab

Your company's summary page will appear, where you can find all the reference information related to your company (name, address, warehouse locations, contact information, etc.). To add a bank account, hit the financials tab at the top right of the screen.


Step 3: Add bank account(s)

Your company's general financial and bank information will appear in the financials screen. In order to add a bank account, hit the edit button in the top right hand corner of the screen.


Hit the add button under bank accounts.


The modal below will appear. Add the relevant information for your bank account.


Hit the accept button to save. Or hit the cancel button to revert any changes you made and exit the modal.

Hit the save button in the bottom right corner of the screen when you're finished adding all your bank accounts. You can now receive and make payments with bank accounts!


 


    • Related Articles

    • How to do bank reconciliation

      Here we'll walk you through how to use the bank reconciliation module. Bank reconciliation is the process of comparing the amounts in the cash account in the general ledger to the amounts appearing on the bank statement. The objective is to be ...

    • Set up your company information

      Introduction Before starting anything, you should store relevant information about your company, or how you want things to look. Luckily, Paragon stores all these settings in My Company, where all the changes and necessary configurations can be found ...

    • Paragon Financials - Trial balance report

      The trial balance report allows accountants to confirm that all entries that were posted in the general ledger for a given fiscal period are balanced. In simplest terms, the trial balance confirms that all debits equal all credits. This article will ...

    • Automatic journal entries

      Introduction Every company has its own workflows and methods for creating accounting journal entries during their daily processes.  Paragon gives you the option to automatically create journal entries when financial transactions are issued (such as ...

    • Setting up GL accounts

      Introduction Upon installation, there are default GL accounts set up in Paragon. If there are accounts missing that you require for your financials, this article will explain how to create them. Once they are created, they must be linked to different ...