Bank Tape Specifications

The Bank Tape Specification tab is used to select a bank file format for files received from the bank. Cheques can be reconciled by using the files provided by the bank and the bank tape specification settings ensures the format matches the file received. The bank files should be saved in a predetermined location (folder), so they can be easily retrievable when needed. Cheques can be reconciled in the Cheque module, under the Electronic Reconciliation sub-module. Refer to How to Reconcile an Online Cheque for more information on this process.

Once a file format has been selected, changes should only be made in accordance with the bank to ensure format consistency.

The Bank Tape Specifications tab has the following option:

•Edit

Edit

Use the following steps to update an existing bank file format:

1. Click on the System tab, click Settings, and select Accounting.

2. Click on the Bank Tape Specification tab.

3. Click on the Edit button to make fields available.

4. If applicable, in the Reconcile By section, select one of the following radio buttons: K212 or MICR.

5. If applicable, update the Record ID.

6. If applicable, click on the Date Paid Format drop-down menu to select an alternative date format.

7. If applicable, update the Position and/or Length for any available line items.

8. Enter a note in the New Note field.

Note: Notes entered in this field will be saved and may be viewed in the Notes History section and are read-only.

9. Click on the Save button to confirm the changes, or click on the Undo button to remove all input information and reset the fields to their default values.

Back to top