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How to create a new holding account

Version: V4.1.10084
Added on: 06/18/15
Time: 15 min
Category: Quick Guides

Prerequisite Tutorials

Name Added On Difficulty Time Required Description
Creating a new vendor 04/01/15 15 mins In this tutorial you will learn how to create new vendors in Distributions perspective.

Useful Terms

How to create a new holding account

  1. Are you ready?

    In this tutorial you will learn how to add a new holding account on Distribution perspective.

    We are going to create a new holding account with the following parameters:
    Code: Tax Account
    Name: Local Tax A
    Holder Name: John Smith
    Account Number: 4099999992
    Routing Number: 021000021
  2. Log in to the system using your Username and Password and switch to the Management => Distributions Perspective.

    Note: To learn how to log in and select perspectives, use the prerequisite tutorial Logging in and navigating the application.
  3. Click   Newbutton in the top left section of the screen and choose Holding account from the list.
  4. Locate   Holding Account Details  groupbox
  5. Enter Tax Account into the Codetextbox
  6. Enter Local Tax A into the Nametextbox
  7. Enter John Smith into the Holder Nametextbox
  8. Enter 4099999992 into the Account Numbertextbox
  9. Enter 021000021 into the Routing Numbertextbox
  10. After you are done, your screen will look similar to the screenshot.
  11. Click   Savebutton
  12. Congratulations, you are done!

    You have learned how to create a holding account.