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Broker accounts and settings
Set up cash accounts and ledger mappings before you start posting.
A broker account in Bank is the cash account used for payments and receipts. Broker settings determines the ledger accounts used for investments, results, interest and other amounts.
Step by step
- 1Open Bank accounts from Broker and add the actual account. Enter its name and currency. Use the currency in which each cash account is held.
- 2Link a suitable existing ledger account or create a new one. For a new account, select Broker account. The form suggests an available number between 1160 and 1199. You can change the number.
- 3Open Broker settings from the Broker overview or through Settings. A new administration receives standard mappings. For an existing administration, check that all required roles are mapped.
- 4For a missing or unused mapping, choose an active, suitable ledger account and save the settings. Existing foreign-currency mappings are grouped by currency.
- 5Once a mapped account has been used in a posting or opening balance, you cannot replace that mapping. You can still follow the displayed link to rename or renumber the account.
- 6You do not need to create a fictitious broker account for Crypto or Participations. Only select the bank account in Settlement when money is actually paid or received.
What is on the screen?
- Cash account name and currency
- Existing or new ledger account
- Mappings by financial role and currency
What happens next?
New postings use the saved mappings. Saving settings does not move existing postings.
Continue reading
Getting started with Broker
Find your investments, enter your first transaction and understand the overview amounts.
Read guidance →Configure bank accounts
Connect a bank or broker cash account to its ledger account and choose the starting date for your checks.
Read guidance →Fees, currencies and settlement
Enter transaction amounts, separate fees and payments in the correct currencies.
Read guidance →