What are payment accounts in UltimatePOS?

Payment accounts are like for example bank account. You can transfer money from one payment account to another, deposit cash in a payment account, pay to a supplier, or deposit the amount received from a customer here.

Enabling Payment account

• 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 the left navigation bar.

Payment account type & sub-type

1. Go to Payment accounts -> List accounts -> Account Types
2. Account type: to add an account type click on Add button and enter the name of the account type and submit. Keep the Parent account type unselected.
3. Sub-Account type: To add a sub-account type click on Add button, enter the name of the sub-account type and select the Parent-account type.
4. When creating an account you can select the account type as per your need.