Changing a Company's Default Bank Account

September 25, 2025 17:04

Changing a Company's Default Bank Account
The information below will provide an overview on changing the Default Bank Account in the system

Only BMS Support or a BMS Trainer is able to change the Default Bank Account in a customer's system. Please read below so you're aware of key information before contacting BMS support with a request to change the default bank account.

There is a standard default bank account that can be set up for the Company, and a Branch account option that can be set up separately, which requires a User to be in a specific Branch while posting payments and disbursements. As always, the User can change the default at the time of issuing a check if they happen to be in a different Branch when making the disbursement.

The process of changing bank accounts has a direct impact on business operations. We require an appointment due to the following items:
1. Every A/R Customer Payment Register in all Branches for the Company must be batched and cleared. You cannot have any un-batched Deposits

2. A G/L Account needs to be created for the new bank, and you need to inform Support of the new Account Number

3. All A/P Check Registers must be printed and cleared

4. All G/L Journals must be posted, printed and cleared

If you would like a separate bank account per Branch, you need to provide Support a list of Branches and the Bank Account G/L to use for the particular Branches. The changes will be performed by Support and need to happen after hours when no one is working in the system. If multiple Company ID's exist, we suggest working on one Company at a time.