The Payment Account feature in BillBook allows businesses to track bank accounts, record cash deposits, make supplier payments, and transfer funds between accounts. 🚀💳

📌 What are Payment Accounts in BillBook? #

✅ Payment Accounts act like bank accounts where you can:

• Deposit cash received from customers 💰
• Pay suppliers directly from a payment account 🏦
• Transfer money between accounts 🔄
• Record all financial transactions accurately 📊

🔹 Enabling Payment Accounts in BillBook #

✅ Go to → Settings → Business Settings → Modules
✅ Enable “Payment Account” ✅
✅ Click Save 💾

📌 Now, the “Payment Accounts” menu will appear in the left navigation bar!

📋 Payment Account Types & Sub-Types #

✅ Go to → Payment Accounts → List Accounts → Account Types
✅ Click “Add” to create:

• Account Type: Select no parent type (e.g., Bank Account, Cash Account).
• Sub-Account Type: Choose a Parent Account Type (e.g., “Savings Account” under “Bank Account”).
  ✅ Click Save 💾

📌 This helps categorize different payment accounts for better organization.

➕ Creating a Payment Account #

✅ Go to → Payment Accounts → List Accounts
✅ Click “Add”
✅ Fill in details:

• Account Name (e.g., HDFC Business Account)
• Account Number 🔢
• Account Type (Bank, Cash, UPI, etc.)
• Opening Balance 💰
• Account Details (SWIFT code, UPI ID, etc.)
• Notes 📝 (if any)
  ✅ Click Save 💾

📌 Now, this account can be used for transactions like sales, purchases, and transfers.

🔄 Transferring Funds Between Payment Accounts #

✅ Go to → Payment Accounts → List Accounts
✅ Click on “Fund Transfer”
✅ Select:

• From Account (e.g., Cash to Bank)
• To Account (e.g., Bank Account)
• Amount to transfer
  ✅ Click Save 💾

📌 Now, the transaction is recorded, and the balances are updated.

🚀 Why Use Payment Accounts in BillBook? #

✅ Tracks bank & cash transactions accurately 🏦
✅ Allows seamless fund transfers between accounts 🔄
✅ Helps manage supplier & customer payments efficiently 💳
✅ Keeps financial records well-organized 📊

With BillBook’s Payment Account feature, businesses can manage financial transactions with ease! 🚀💰

Let me know if you need any refinements! 😊