Bank accounts
Bank Accounts
The FMS holds details of all accounts held by the volunteer group.
Every volunteer group maintains at least one Bank Account. There can be a number of Bank Accounts
for different purposes and in addition, there can also be Cash Accounts and Card Accounts.
The FMS records which account the transaction belongs to and this information is used to reconcile the
Bank, Cash and Card account balances.
One of the Bank Accounts is designated as the one to use for transactions between the volunteer group
and Central Office.
There are 3 account types: 1. Bank Account
2. Cash
3. Corporate Card
If Bank Account is selected then Bank details fields need to be populated.
Central Office Credit Account: - Indicated the bank account details that will appear on the Form 12
front page. Only 1 bank account can be selected as the Central Office Credit Account.
If Corporate Card is selected then Issuer Name and Corporate Card Number must be completed.
Corporate cards will be treated as bank accounts for brought forward and carried forward
purposes on the Form 12.
