Payment accounts are like for example bank account. 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.
- Go to Settings ->Business Settings -> Modules
- Enable payment ‘Accounts’ option
- Save it.
- After saving you will see the “Payment accounts” option will be visible in left navigiation bar.
- 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 creaating account you can select the account type as per your need.