Setting up Bank Accounts

One of the most useful functions of Member Wizard is managing an organisation's finances. In order to use the financial aspects of the software you must first set up which bank accounts to use for receipts and expenses.

Access Settings, Bank Accounts or Money, Bank Accounts in the left navigation

Click Add. You will need to provide the name, number, start date of recording and initial balance. Then click Save

If you ever wish to discontinue using a bank account uncheck the Active box on this screen as you can't delete a Bank Account after transactions have been recorded.

If you have enabled Stripe for your organisation it will also appear as a Bank Account.

If you wish to record minor cash payments and balance them then you can create an account called Petty Cash and simply transfer money into it from your main bank account and issue receipts which select it as the bank source.

Member Wizard will allow you to set up as many bank accounts as you require.

The Start Date and Opening Balance will form the basis of the first Bank Reconciliation.