Enabling & using a Payment account or bank account

Enabling & using a Payment account or bank account

What are payment accounts in KeepMyAccount? #

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 account #

payment account
Enabling & using a Payment account or bank account 3
  • Go to Settings ->Business Settings -> Modules
  • Enable payment ‘Account’ option
  • Save it.
  • After saving you will see the “Payment accounts” option will be visible in the left navigation bar.

Payment account type & sub-type #

  1. Go to Payment accounts -> List accounts -> Account Types
  2. Account type: to add an account type click on Add button and enter the name of the account type and submit. Keep the Parent account type unselected.
  3. Sub-Account type: To add a sub-account type click on Add button, enter the name of the sub-account type and select the Parent-account type.
  4. When creating an account you can select the account type as per your need.

Creating Payment accounts #

  1. To create a payment account, Go to Payment Accounts -> List Accounts, click on Add button
  2. Fill in all the details like name, account number, Account type, opening balance, Account details & notes.
  3. 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 accounts.

Transferring funds between Payment accounts: #

You can transfer funds between the payment accounts.

In the Payment Accounts -> List Accounts, click on fund transfer.

fundtransfer
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