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Adding a New Bank

The Bank Module in Ace CBM provides an easy and efficient way to manage your organization's bank accounts. Adding a new bank ensures all financial transactions are associated with accurate and complete banking details.

Steps to Add a New Bank​

  1. Access the Bank Form

    • Navigate to the Bank New section under the Asset/Bank module in the Ace CBM dashboard. enter image description here

  2. Enter Bank Details

    • Bank Type: Select the type of account, such as Cash-In-Hand or Bank Accounts (mandatory).
    • Bank Name: Input the name of the bank (mandatory).
    • Bank Account Number: Enter the bank account number associated with the account (mandatory).

  3. Add Banking Codes

    • IFSC Code: Provide the Indian Financial System Code for the bank branch.
    • Check Print ID: Choose the ID used for printing checks.
    • Branch Code: Enter the branch code of the bank.
    • BSR Code: Add the Bank Statistical Return code, if applicable.

  4. Set the Bank Status

    • Active: Mark the bank account as active or inactive based on its current usage.

  5. Include Additional Information

    • Website: Add the bank's official website URL for reference.

  6. Save the Bank Details

    • Once all fields are filled, click Create to save the new bank account.

Benefits of Adding a Bank in Ace CBM​

  • Centralized Financial Management: Maintain all bank account details in one place for easy access.
  • Streamlined Transactions: Ensure all financial operations are tied to verified bank accounts.
  • Improved Accuracy: Avoid errors by recording all essential details for banking transactions.
  • Enhanced Compliance: Track important banking codes like IFSC and BSR to meet regulatory requirements.

The Bank Module in Ace CBM simplifies financial operations by consolidating and managing all banking details, ensuring a seamless experience for finance teams and administrators.