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The above process creates the main basic financial account detail but there are further details that can be added via the other financial account sub menus. Four sub menus exist - these There are four sub menus which make us the financial account. These are as follows:

• Financial Account (NOTE: This is completed by default when you create a financial account)
• Roles
• Transactions
• Authorisations

Roles

This screen allows you to enter a Party Id and their role for the financial account. It also includes a start and an end date for the party role. (NOTE TO CHECK: Add some examples of party roles - eg 'Approver' or 'Administrator' for credit limits or updates to account. If account belongs to a company then you might want to add a person as a 'Contact' for dealing with the account)

Transactions

This screen allows you to add transactions to the financial account. During the creation process you would either leave the transactions blank as nothing has yet been processed on the account or if it is being used as a statement (eg bank or customer) then you may want to bring in an opening balance. An example of how to bring in an opening balance is shown below:

1. Navigate to the the Financial Account Transactions sub menu 
2. Select 'Adjustment' in the Fin Account Trans Type Id field
   

How to I update a financial account?

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