Points to be considered for a new bank account setup

Summary

Points to be considered for a new bank account setup

Content

Hi All,

Just wanted to seek your experts advice with respect to bank account? 

1) We create the GL bank account and then setup the same in Fusion.

2) With respect to AR, we create  Receipt Classes and Methods .

3) Add the account to the group statement

Is there anything else we need to do in order to start using the bank to make payment or receive and carry out the Reconciliation of the same?

How will I know if transmission configuration is required?

Is there any other setup that we are missing out on?