How to Add a New Bank Account

How to Add a New Bank Account

Introduction

The steps below explain how to add a new bank account in the system. This process is also applicable during an account handover between a Developer, JMB, or MC, when a new bank account needs to be created and linked for proper financial tracking and transaction recording.


How to Add a New Bank Account

1. Create a new GL account for the new bank account. You can refer to the user guide provided below for detailed steps.

 

2. Once the new GL account has been successfully created, go to:

Accounting > Banking & General Ledger > Maintenance > Bank Accounts 


 

3. From this page, you can add the new bank account details.


 

Field

Example / Description

**Bank Account Name

Public Bank – MF or Persatuan Penduduk ABC

Account Type

Savings Account (select Online Account if a payment gateway is used)

Bank Account Currency

Malaysian Ringgit

**Default Currency Account

Yes (select “Yes” if this is the primary bank)

**Bank Account GL Code

Select the new GL code you created

Bank Charges Account

Default setting; optional if you have a specific GL code for bank charges

Bank Name

Public Bank Berhad

Bank Account No.

1234-1234-1234

Bank Address

Level 18, Tower 5 @ PFCC, Jalan Puteri 1/2, Bandar Puteri Puchong, 47100 Puchong, Selangor


Note: Fields marked with ** are compulsory to fill in.


4. After completing all required fields, scroll down and click “Add New”.

A message will appear confirming that “Bank account has been updated”.

 


Payment Gateway Integration - Changes in Merchant Account or Settlement Bank Account

Type of Merchant Account Changes

1. Handover (Developer → JMB/MC or JMB → MC)

Action Required:
Please inform the payment gateway person-in-charge to guide you through submitting a new merchant application. 


2. Change Registered Merchant Bank Account (Settlement Bank Account)

Action Required:
Please inform the payment gateway person-in-charge to guide you through submitting the change request. 


Alert
Important Notes:   
  1. For sites using a payment gateway, the bank account settings in the i-Account Bank module are for transaction posting purposes only (i.e., the bank account used to auto-generate official receipts) within the accounting system.
  2. If there are any changes to the entity registration, the management must submit a new merchant application directly to the payment gateway service provider.
  3. If the registered entity remains the same but the settlement bank account needs to be changed, the management must submit a request with the required documents directly to the payment gateway service provider.
  4. Once you receive an approval email from the payment gateway provider, kindly inform us so that we can update the system integration accordingly.


Note: If some of the screenshots or steps viewed here are different from the ones in the current system, this is due to our continuous effort to improve our system from time to time. Please notify us at support@i-neighbour.com or info@timeteccloud.com, we will update it as soon as possible.

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