Getting started with Joy Pilot is straightforward and adding a new bank account to your dashboard is one of the first steps you'll likely take. This process is critical for managing your finances effectively and ensuring all transactions are accurately tracked. Here's a simple guide on how to add a bank account:
1. Accessing the 'Add Bank Account' Feature
Step 1: When you log into Joy Pilot, you’ll find yourself on the dashboard page. Look for the panel titled Bank Accounts. Initially, it will show no bank accounts listed.
Step 2: Click the green Add Bank Account button to proceed.
2. Filling Out Bank Account Details
A pop-up window titled New Bank Account will appear. Here's what you need to fill in:
Currency: Select the currency of the bank account.
Status: Specify if the bank account is active.
Bank Name: Enter the name of the bank (e.g., HSBC, NatWest).
Account Name: Typically, this would be your business name.
UK Account Number and Sort Code: For UK banks, these details are required.
SWIFT/BIC Code: This internationally recognized code identifies your bank.
IBAN: The international format for your bank account number.
Description: Add a friendly description for easy recognition, like 'current account' or 'savings account'.
Opening Bank Balance: For new accounts, this will usually be zero. The date field defaults to today’s date, but change it to whenever the account was opened.
After inputting all the necessary information, click the 'save' button. You’re just a few clicks away from adding your bank account to Joy Pilot.
3. Setting Up a Bank Feed (Optional)
From the dashboard, you can also opt to set up a bank feed. Click on add a bank feed, agree to the terms and conditions, and then select your bank to connect it.
4. Importance of Bank Details for Invoicing
Without a bank account added, creating sales invoices is not possible. This is because your bank account details need to be shown at the bottom of your invoices for clients to complete payments.
5. Accessing from Different Menus
Besides the dashboard, you can add a bank account via the Accounting > Banking menu or when you are prompted on pages like sales invoices if the system detects no bank account information.
Conclusion
Adding a bank account to Joy Pilot is an essential first step in managing your financial transactions effectively. This process not only helps in tracking every transaction with precision but also enables the creation of sales invoices, setting up bank feeds, and more. Follow these straightforward steps to add your bank account and explore further features within Joy Pilot to enhance your business’s financial management.