Nature of Account

When creating an account you need to select the nature of the account. This is an important step as the nature of the account will determine that the account will be available for use at which place.

Please choose the nature of account wisely at time of adding account as it cannot be changed later.

A list of all available nature of the account and their description is given below.

Cash – Cash account is created automatically when you creates a new organization. You can create different cash accounts for maintaining cash balance in different branches or with different employees.

Bank – Your bank accounts.

Customer – Customers are the persons to whom you had sold goods or provided services. You can also create cash sales without creating a customer account.

Supplier – Suppliers are the persons from whom you had purchased goods or services.