Closing a Bank Account

Note:
The ability to close a Bank Account is permission based.

  1. Tick the Account Closed tick-box
  2. Click OK
    Only Bank Accounts with a balance of 0 and with no payments that are un-reconciled may be closed.
  3. A Warning message is displayed to verify you really want to close the Bank Account
  4. Click Yes
    A list of places this Bank Account is currently linked to is displayed and you are required to select a different Bank Account that will replace this Bank Account once closed.
  1. Select a Replacement Bank Account from the list
    Note:
    Standard Bank Accounts may be replaced with either Standard or Client Accounts.
    Client Bank Accounts may only be replaced with another Client Account.
  2. Click OK
  1. The Bank Account is now closed and the Closed tick-box column for that Bank Account is ticked in the list view.
    -Closed Bank Accounts have the fields in the Bank Account details window disabled besides for the Notes section.
    -Closed Bank Accounts are not displayed in the Bank Account Report and are not available for selecting for Invoices, Payments, Leases and Distributions as well as other Bank Account selection fields.

The Bank Account fields that were linked to the closed Bank Account are now updated to show the replacement Bank Account.

Note:
It is not possible to Redo or Undo Payments and Transfers that use closed Bank Accounts.