Setting up Bank Accounts & BSB Codes

Bank Accounts

DebtCol handles all billing and trust management needs, but first you need to setup your bank accounts. Each client you add to DebtCol will require you to specify the bank accounts their payments and debtors trust receipts are to be allocated to.

Accounting > Banking Tools > Bank Accounts

To setup your trust account, choose TRUST from the list, then enter the details of your account name, BSB code and account number.

Click SAVE

IMPORTANT: Trust Accounts MUST have and agency costs client code recorded against them. All deferred charges will be recorded against this client and a statement can be produced as a record. The standard agency costs client code is 0000.

To setup your general operating account, choose OP from the list, then enter the details of your account name, BSB code and account number.

Click SAVE

BSB Codes

DebtCol comes with a comprehensive database of BSB codes, however from time to time you may encounter new branches where the BSB code needs to be created.

Accounting > Banking Tools > BSB Codes

Enter the BSB code in the following format:-

083-123

Enter the name of the bank and branch in the fields provided. Click “Save” on the Action Bar.

IMPORTANT: BSB Codes recorded here will assist when entering cheque payments as the bank and branch will automatically be extracted.