Adding a Treasury
- Note: Before starting, make sure to activate the Finance app in your account.
- Click on “Finance” from the main menu.
- Click on “Treasuries & Bank Accounts”.
- Click on the button “Add Treasury”.
- Provide the required treasury details:
- Status: Choose “Active” to activate the vault or “Inactive” to disable it.
- Treasury Name: Enter the treasury’s name as you want it to appear in the software’s lists and windows.
- Description: Add a general description about the nature or purpose of the treasury.
- Permissions:
- Deposit: From the dropdown menu, select the deposit permission in the treasury for a specific staff, role, specific branch, or everyone.
- Withdraw: From the dropdown menu, select the withdrawal permission from the treasury for a specific staff, role, specific branch, or everyone.
Note: Upon saving, a subsidiary account for the vault will be added within the Chart of Accounts and will be listed under:
Assets > Current Assets > Cash.