What are payment accounts in S-Keub?
Payment accounts are like, for example, bank accounts. 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 accounts
- Go to Settings ->Business Settings -> Modules
- Enable payment ‘Account’ option
- Save it.
- After saving, you will see that the “Payment accounts” option is visible in the left navigation bar.
Payment account type & sub-type
- Go to Payment accounts -> List accounts -> Account Types
- Account type: To add an account type, click on the Add button, enter the name of the account type and submit. Keep the Parent account type unselected.
- Sub-Account type: To add a sub-account type, click on the Add button, enter the name of the sub-account type and select the Parent-account-type.
- When creating an account, you can select the account type as per your need.
Creating Payment accounts
- To create a payment account, go to Payment Accounts -> List Accounts and click on the Add button
- Fill in all the details like name, account number, Account type, opening balance, Account details & notes.
- Account Details: Here you can add any additional account details, like for example UPI ID, SWIFT code, BIN number, etc., which vary depending on the account.
Transferring funds between Payment accounts:
You can transfer funds between the payment accounts.
In the Payment Accounts -> List Accounts, click on fund transfer.
Setting default payment accounts for payment methods
In Add/Edit business location, you can select the default payment account for each payment method.
If the payment account is linked, then when adding a payment for sales/purchase/expense, on selecting the payment method, the payment account will be automatically selected.
