Enabling & Using Payment Accounts (Bank Accounts)

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?

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

• Go to → Settings → Business Settings → Modules
• Enable Payment Account
• Click Save

Payment Account Types & Sub-Types

• Go to → Payment Accounts → List Accounts → Account Types
• Click Add to create Account Types and Sub-Account Types.

Creating a Payment Account

• Go to → Payment Accounts → List Accounts → Add
• Fill in: Account Name, Account Number, Account Type, Opening Balance, Account Details, Notes

Transferring Funds Between Payment Accounts

• Click on Fund Transfer
• Select From Account, To Account, and Amount
• The transaction is recorded and balances are updated.