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Financial Accounts Data

Webhuk comes pre-defined with one financial account in order to create payments. See Financial Accounts for more information on the concept. The one financial account that is predefined and shipped wi

K. Romeo
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Financial Accounts Data
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Financial Accounts Data

Webhuk comes pre-defined with one financial account in order to create payments. See Financial Accounts for more information on the concept. The one financial account that is predefined and shipped with Webhuk is the Cash financial account.

 

Per best practices, it is generally recommended that the Cash financial account be used only for small cash transactions (or Petty Cash in accounting terms). To receive or send larger payments and for mandatory accounting requirements stipulated by the government, a business may add all the bank accounts it operates as separate financial accounts.

 

For more information visit: Adding a New Financial Account and Managing Account Types

 

 

 


About the author
K. Romeo writes practical ERP and operational workflow guides for SMEs in trading, retail, and multi-branch businesses. The focus is always the same: reduce manual work, increase visibility, and protect margin.