This area is used to create and manage your Interest Bearing Deposit accounts. When a new IBD account is entered, it will be the combined balance for all IBD ledgers when they are entered in the system; it is only when a new IBD is opened that the BSB, Bank & Account Name details are entered for the Contract. See: IBD – Interest Bearing Deposit
 

The screen is split into two areas – the top Grid List of records area of current Accounts, whilst the lower area is the Selected Record Display

1.       Click on the Administration button.
 

2.       Under Agency Settings, select the Accounts option.
 

3.       Click New.
 

4.       Select IBD in the Account Type Drop Down Menu
 

5.       An IBD Account Active Window will appear. 
 

6.       Enter an Account Code. This is an identifier for the Account. I.e.: IBD
 

7.       Enter an Account Name. I.e.: Interest Bearing Account
 

8.       Enter the Next Receipt No.
 

9.       Enter the Next Cheque No.
 

10.     Enter the Next EFT No.
 

11.     Enter the Next Journal No.
 

12.     Click on Save and Close to save the information entered, alternatively click on the X at the top

right corner of the screen, a message will appear “Do you want to save changes?” Select Yes, No or Cancel accordingly.