Figure 7.2 — The Bank account form. Drawing to be produced after the UI/UX pass: the Bank details section (identity, currency, GL account, match tolerance) with the Opening balance section beside it, narrow, carrying the balance, its date, the opening rate and the equity account.
Bank details:
- Code / Name — how the account is known everywhere it is picked.
- Kind — a real bank account, or cash (petty cash, the till). Cash posts identically, but keeps no statements and has no reconciliation life.
- Currency — the account's own currency (7.6).
- Account number, Account type, Bank name, Branch — the real-world identity, for humans and for prints.
- GL Account — the chart account this bank is in the books; the link that makes bank postings, and the currency stamps on them, possible.
- Match tolerance (days) — how far apart in date auto-match will still pair a statement line with an entry (7.6).
- Active — retire an account without deleting its history.
- Notes — anything the next administrator needs to know.
Opening balance — its own section, for a new account:
- Opening balance — in the bank's own currency when the bank is foreign.
- Opening balance date.
- Opening exchange rate — for a foreign bank: filled from the stored rates, and the account cannot be created with an opening balance until a rate exists (7.6).
- Equity account — the other side of the opening entry, so the opening journal balances like any other.