Financial Accounts

Financial Accounts are a classification of the various accounts which are used to make or recieve payments from & to vendors, suppliers, customers, employees, agencies etc.

Example: 

- Specific Bank (Branches etc)

- Cash Payments 

- Specific Online Payment Gateways

Financial Accounts are used to track payments due (either to recieve or make), thereby help keeping track of financial records within a specific account. This track is kept using the 'Change Log' of a specific account.

Your bank account details are setup during the Setup Wizard for your business and is automatically saved as a financial account, namely 'Bank'