How to add banks in Aratum Ledger?
Banks in a ledger are individual account records that capture all financial transactions related to a specific aspect of a business's operations, assets, liabilities, equity, revenues, or expenses. These accounts form the core of a company's financial record-keeping system, enabling the categorization and tracking of all monetary movements. By maintaining detailed accounts, businesses ensure accuracy in financial reporting, facilitating the preparation of essential financial statements like the balance sheet, income statement, and cash flow statement. Each account in the ledger holds a running total that increases or decreases with each related transaction, providing a real-time view of the financial position and performance of the company. This granularity helps in budgeting, forecasting, and decision-making, allowing businesses to analyze trends, identify areas for improvement, and strategize for growth.
Banks Table
Our Banks Table is customizable, enabling users to easily adjust display fields to fit their preferences with just a few simple settings. Users can create new record of bank through CTA (Click-To-Action) button
Bank Creation Flow
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