About Bank Details

The Bank Details feature allows you to set-up your bank account information including the Trust Accounts and General Accounts.

The banking feature is available on all Danalix subscription plans.

Who Can Use The Bank Details Feature

Any user with access and entitlement rights can use the bank features.

How to Add Trust or General Bank Account

To create Trust or General Account, go to:

Administration sidebar navigation > Settings tab > Bank Details sub-tab > Add Bank Details button > fill out the bank details on the provided screen and save your input information.

Helpful Tips:
It is recommended that you carefully name your bank account so you can differentiate which account is Trust versus General.
In our screen example, you will notice we add the letter “G” before the bank name to indicate it is a General Account and “T” to indicate it is a Trust Account.

Note:
When you create a trust or general account, they are used by other features within Danalix such as Bank Transaction, Trust Receipt or General Receipt that use the bank account information. Therefore, take caution when deciding to make changes to these accounts once they are already created and in use.

How to Update or Delete Trust or General Account

To Update or Delete a Trust or General Account, go to:

Administration sidebar navigation > Settings tab > Bank Details sub-tab > locate the bank account you want to make changes to > Actions menu > select Delete or Update.

Helpful Tips: When you Update or Delete an account, this might affect other Danalix features such as Bank Transaction, Trust Receipt or General Receipt that use the bank account information.

Link Bank Account

Danalix provides you with the ability to link your accounts set-up in Danalix with the same account with domiciled your financial institution (bank).

The link account feature uses Plaid Services to link and pull your bank account transaction records from your bank into the same account setup within Danalix.

The benefit of linking your bank accounts is that you are able to match and reconcile the bank transaction records with the financial records in Danalix, such as Bank Transaction Confirmation (Trust Receipts, General Receipts, General Disbursement, and General Expense).

How to Link Bank Accounts

You can link your bank account using the following steps:

Step 1-5

Go to:

Administration sidebar navigation > Settings tab > Bank Details sub-tab > locate the bank account you want to link > Actions menus > select Link Account





Step 6

The next screen provides explanation about Plaid and how Danalix uses it. We recommend that you also take the time to read Plaid’s End User Privacy Policy before you continue.




Step 7

Select the financial institution that you want to link the accounts.




Step 8

Enter your banking credentials and submit.




Step 9

Follow the remaining instructions once you are logged into your financial institution.

Related Features Linked to General or Trust Bank Account Information

Features within Danalix whose action rely on using bank account information include:

• Bank Transaction Confirmation > Trust Receipt
• Bank Transaction Confirmation >General Receipt
• Bank Transaction Confirmation > Trust Disbursement
• Electronic Funds Transfer (EFT) Forms
• Creating an Expense

Updated on: 05/09/2023