How to Add a Bank Account
This lesson is designed to guide users through the process of adding a new bank account under the Banking and Payments section in Parsimony.com. The course will cover the essential steps required to set up a bank account and provide participants with a comprehensive understanding of how to manage banking transactions within the software.
The course begins with an overview of the Banking and Payments section of Parsimony.com and the importance of having a bank account set up for your business. The instructor will then guide participants through the process of adding a new bank account, including selecting the appropriate account type, entering bank account details, and linking the account to other relevant sections of Parsimony.com.
Participants will also learn how to manage transactions related to the bank account, such as adding transactions manually or importing statements, reconciling bank statements, and setting up bank feeds. The instructor will explain how to navigate the various sections related to banking and payments, including the bank account ledger, bank reconciliation, and cash management.
Throughout the course, participants will have opportunities to practice what they have learned through hands-on exercises and examples, including adding transactions, reconciling bank statements, and managing bank feeds. By the end of the course, participants will have a solid understanding of how to add and manage bank accounts within Parsimony.com, enabling them to keep track of their financial transactions effectively.