What is Payment Accounts?
Payment accounts are like for bank accounts. You can transfer money from one payment account to another, deposit cash in payment account, pay to a supplier or deposit the amount received from a customer here.
Enabling Payment Account
- Go to Settings -> Business Settings -> Modules
- Enable “Account” option
- Save it.
- After saving you will see the “Payment Accounts” option will be visible in left navigation bar.
Payment Account type & sub-type
- Go to Payment Accounts -> List Accounts -> Account Types
- Account type: To add a account type click on Add button and enter the name of account type and submit. Keep the Parent account type unselected.
- Sub-Account type: To add a sub-account type click on Add button, enter the name of sub-account type and select the Parent account type.
- When creating account you can select the account type as per your need.
