If you have set up the loan account under account 60400 instead, refer to the following article for steps to remedy this:
Loan accounts set up incorrectly under the BGL Bank Data Service
Steps
Navigate to the Chart of Accounts (Accounting >> Chart of Accounts). Create the new loan liability account 85500.
From the Chart of Accounts, select Add Account >> Liability LRBA.
Select Save once the bank details have been input.
Navigate to the Feed Management screen ( Connect >> Feed Management >> Entity Setup). Select the new 85500 account and select the feed provider as the BGL Bank Data Service.
Select
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Simple Fund 360 will now populate the Authority Form which you are required to send to the fund's trustee(s) for signing. Once you receive the signed Authority Form, send the completed form to:
Select Save.
BGL will keep you updated in regards to the status of the Bank Feed via the Feed Status column.
Refer to the Bank Feed Management Screen for more information on your bank account's current feed status.
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