The web back office · 3 articles

Payment accounts, transfers and deposits

Payment accounts track where your money sits, such as cash, bank and card accounts. You can move funds between accounts, record deposits and read each account book with its running balance.

Payment accounts3

Add a payment accountPayment accounts track where money sits, such as the cash drawer, a chequing account or the card settlement account. Go to Payment Accounts > List Accounts (/account/account), click Add on the Accounts tab, enter the Name, Account Number, Account Type and Opening Balance, and click Save. Choose the account on each payment, and Account Book shows every debit and credit with a running balance.Transfer funds and record depositsFund Transfer moves money between your payment accounts, for example the till cash to the bank, and Deposit records money paid into an account. Go to Payment Accounts > List Accounts (/account/account), open the account's row actions and choose Fund Transfer or Deposit. Enter the amount, date and the other account, and click Submit. Both accounts' balances and account books update.Set up account typesAccount types group your payment accounts, for example Bank with sub types Chequing and Savings. Go to Payment Accounts > List Accounts (/account/account) and open the Account Types tab. Click Add, type a Name and, to make it a sub type, choose a Parent account type, then save. Pick the type when you add or edit an account.