Bank Account (rename me)

Bank Account (rename me) is the placeholder bank ledger the chart ships with, meant to become the company's main current account, for example Nabil Bank Current Account, before the first real posting. It has account type Bank, so Payment Entries list it as a bank account, and the Bank Account master under Banking links it to the statement import and the Bank Reconciliation Tool, which matches each Bank Transaction row to a Payment Entry or Journal Entry and sets its clearance date. Every receipt and payment that goes through the bank posts here, and the monthly reconciliation proves the ledger against the statement. In the demo books Payment Entry ACC-PAY-2026-00001 debited it Rs 36,160 from Jivan Dahal.

Ledger balance = Opening balance + Receipts - Payments; after reconciliation it equals the bank statement less uncleared items.

1. 01Go to Accounts Setup > Chart of Accounts, open this account, click Edit, rename it to your bank and Save.
2. 02Go to Banking > Bank Account and link the master to this ledger with the account number.
3. 03Go to Payments > Payment Entry > New, type Receive, allocate ACC-SINV-2026-00004 and pick this ledger as Account Paid To.
4. 04Submit. The entry above posts and the invoice shows as paid.
5. 05Each month, import the statement with Banking > Bank Statement Import and match rows in Banking > Bank Reconciliation Tool.

Pick it as the bank account on Payment Entries for cheque, eSewa or transfer receipts and payments. Reconcile against the bank statement monthly.

Payment Entry ACC-PAY-2026-00001: Dr Bank Account Rs 36,160, Cr Debtors Rs 36,160 from Jivan Dahal for Sales Invoice ACC-SINV-2026-00004.