Understanding Bank Accounts and Multiple Bank IDs in Property Management

Bank Accounts

Article Contents: This Article contains an overview of Bank Accounts in property management systems, explaining the role of Operating Accounts during check issuance and why properties may require multiple accounts such as Travel Agent or Payroll. It also covers the capability to create more than one Bank ID and how this flexibility supports efficient financial operations.

To view all existing Bank Accounts:

Go to Bank Accounts under Banking.


To view or modify existing Bank Accounts, click on the Details Icon next to Bank ID:


You will be able to edit all fields except for the Bank ID.

To delete existing accounts, select the desired account and “Delete”.

 

If the Bank Account has any activity, you will get the error message.

    • Related Articles

    • Bank Reconciliation

      Article Contents: This article explains how to reconcile checks and deposits as they clear the bank using the reconciliation module. It covers using the bank ending balance and performing reconciliation daily or at month-end. Step-By-Step: Step 1: ...

    • Bank Reconciliation

      Article contents: This article contains step-by-step instructions for running a Bank Reconciliation report, including how to select the appropriate reconciliation status (All, Reconciled, or Unreconciled) and how to choose all or specific transaction ...

    • Chart of Accounts List

      Article contents: This article contains an overview of the Chart of Accounts Report, detailing how to generate a list of all accounts or a selected range of account numbers. It also explains optional settings, including printing only accounts with no ...

    • Chart of Accounts

      Article Content: This Article Contains Information On Creating, Maintaining, And Modifying The Chart of Accounts For a Property. To Access The Chart of Accounts Maintenance Screen, Go To Ledger → Chart of Accounts. All Accounts, Balance Sheet and ...

    • Company Defaults

      Article Contents: This article shows how to set up and manage company defaults in synergy account Step-By-Step: Step 1: To add or update Company information go to System Setup -> Companies -> General– Companies: Step 2: Under the Defaults tab you can ...