Banks And Financials List
Overview
Below is a business-focused explanation of the “Banks And Financials List” report, written for practical use in Dafater Accounts.
Banks And Financials List – Business Explanation
Overview
The Banks And Financials List report provides a consolidated view of all banks and financial institutions that your organization works with, along with their key financial and operational details. It helps finance teams, management, and auditors clearly understand where company funds are held and how banking relationships are structured.
This report acts as a central reference for all banking-related information used across accounting, payments, and financial control processes.
What Business Information This Report Provides
This report answers critical business questions such as: - Which banks and financial institutions does the company work with? - What accounts are maintained with each bank? - Which accounts are active or inactive? - How are banks categorized for reporting and compliance purposes?
It gives a clean, organized list of financial institutions connected to company operations, supporting transparency and financial governance.
When and Why to Use This Report
When to Use It
- During monthly or yearly financial reviews
- Before audit or compliance checks
- While setting up or reviewing payment and receipt processes
- When evaluating or renegotiating banking relationships
- During management reporting or financial planning sessions
Why It Matters
- Ensures all bank-related data is complete and up to date
- Reduces errors in payments and reconciliations
- Supports informed decisions about cash management and banking efficiency
Key Columns and Their Business Meaning
While exact columns may vary by configuration, the report typically includes:
Bank / Financial Institution Name
Identifies the bank or financial entity your company is dealing with.Account Name or Account Identifier
Helps business users recognize the purpose of the account (e.g., Payroll Account, Operating Account).Account Type
Indicates how the account is used, such as savings, current, loan, or credit-related accounts.Currency
Shows the currency in which the account operates, supporting foreign currency management and reporting.Status (Active / Inactive)
Confirms whether the account is currently in use, helping avoid payments to dormant accounts.Linked Company or Business Unit
Clarifies which company or branch uses the bank account in multi-entity setups.
Available Filters and Their Business Purpose
Common filters include:
Bank / Financial Institution
Focus on a specific bank to review all related accounts.Company or Business Unit
Useful for organizations managing multiple legal entities or branches.Account Status
Filter active or inactive accounts to clean up unused banking relationships.Currency
Helps finance teams manage and review foreign currency exposure.
These filters allow decision-makers to quickly narrow down information relevant to a specific business question.
How to Interpret the Results for Business Decisions
- Too many inactive accounts may indicate the need for cleanup or account closures.
- High dependence on a single bank can highlight concentration risk.
- Multiple currencies across banks can impact cash planning and exchange risk management.
- Clear alignment of accounts with business units supports accountability and internal controls.
The report helps management assess whether current banking structures align with operational and strategic goals.
Common Use Cases and Scenarios
Finance Manager Review
Reviewing all banking relationships before finalizing budgets or forecasts.Audit Preparation
Providing auditors with a verified list of all banks and financial accounts.Payment Setup Validation
Ensuring only active and approved bank accounts are used for vendor or payroll payments.Cash Management Planning
Evaluating where funds are held and optimizing liquidity across banks.Business Expansion
Reviewing existing financial institutions before opening new accounts in new regions.
Summary
The Banks And Financials List report is a foundational financial reference in Dafater Accounts. It improves visibility, control, and confidence in how your organization manages its banking relationships, supporting smarter financial decisions and stronger governance.
Report Information
- Module: Dafater Accounts
- Related DocType: Report
- Report Type: Script Report
- Standard: Yes