AccountsPrep - What is a 'Bank Account'?

The defining characteristics of a 'bank account' in AccountsPrep.

AutoEntry Support Team avatar
Written by AutoEntry Support Team
Updated over a week ago

Question

What is a bank account?

Applies To

  • AccountsPrep users.

Answer

In AccountsPrep, a 'bank account' can be distinguished as the following:

  • Any financial account with statement data available showing receipts/payments (and a running balance).

  • It may or may not have cheques or deposit books associated with it.

Additional Information

For details on what types of financial accounts should be created as bank accounts in AccountsPrep, please click here.

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