Accounts Explained
Accounts are used to manage what is owed by or to an account.
Accounts are identified by a reference code and a currency and account type.
This allows for customers to be billed in multiple currencies using the same account code.
The reference is used as the code to tie organisations to an account.
One or more organisations in the address book can be linked to an account.
An organisation can also be linked to accounts with different currencies.
Typically, customers will be linked to a single account.
Multiple accounts can be linked to the same billing account. This can help you manage your business’s revenue that is on credit.
A single customer account can be linked to multiple accounts that share the same account referent but have different currencies.
An account consists of:
- Name
- Reference
- Currency
- Account Type
- Credit Limit
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