Creating Financial Account Ledgers

Several parameters are optional when creating a financial account ledger. The following table outlines the default parameters for each account type based on standard accounting practices. Any of the parameters can be overridden when creating a financial account ledger.

Default Account Type Parameters

Financial Account Type	Type	Sub Type	Debit/Credit	Report Cash Flow
Bank Account	Asset	Current Asset	Debit	Yes
Prepaid Card	Asset	Current Asset	Debit	Yes
Payments	Asset	Current Asset	Debit	Yes
Payroll	Asset	Current Asset	Debit	Yes
Accounts Receivable	Asset	Current Asset	Debit	No
Accounts Payable	Liability	Current Liabilities	Credit	No
Loan	Liability	Current Liabilities	Credit	No
Credit Card	Liability	Current Liabilities	Credit	Yes

Get Started

Your Platform

Instances

Core accounting interfaces

Complex interfaces

Financial Account Types

Creating Financial Account Ledgers

Default Account Type Parameters

​Creating Financial Account Ledgers

​Default Account Type Parameters

Creating Financial Account Ledgers

Default Account Type Parameters