Bank Account Setup

Setting Up a Bank Account in BlockPeer

Properly setting up your bank account in BlockPeer is essential for managing your business’s financial transactions, such as payments, invoices, and bank reconciliation. Follow these steps to add and manage your bank accounts:

Step 1: Navigating to Bank Account Setup

1. Login to BlockPeer:

   • Start by logging into your BlockPeer account.

2. Access the Banking Section:

   • From the dashboard, navigate to the Accounting tab in the main navigation menu.

   • Select Banking from the dropdown list.

   • Click on Account to open the Bank Account management page.

Step 2: Adding a New Bank Account

1. Click on ‘Add New Bank Account’:

   • On the Account page, click the + Add New Bank Account button located at the top right.

2. Fill in Bank Account Details:

   • Complete the required fields in the Add Bank Account form:

     • Bank Type: Select the type of account (e.g., bank, online payment, wallet).

     • Chart of Account: Select the chart of account from the dropdown

     • Account Name: Enter a name for the account (e.g., Business Checking Account).

     • Bank Name: Enter the name of the financial institution.

     • Account Number: Provide the bank account number.

     • Starting Balance: Enter the current balance for the account (optional but recommended for reconciliation).

     • Bank Code/Swift: If required, provide the relevant international bank codes.

3. Save the Account:

   • After filling out all details, click Save to create the bank account.

Step 3: Viewing and Managing Bank Accounts

1. View Bank Accounts:

   • The Account page lists all added bank accounts. You can view account details such as name, type, and balance.

2. Editing Bank Account Information:

   • To edit an account, click on the pencil icon in the Action tab to edit.

   • Update the necessary fields (e.g., account number, starting balance) and click Save.

3. Deleting a Bank Account:

   • To delete an account, click on the delete icon and select Delete.

   • Please note that you cannot delete an account if it has associated transactions.