Definition: What is it?
A financial account is a tool (similar to bank account statement) that is used for monitoring monetary transactions. Normally they will be linked to a party and the various transactions details (eg payments or receipts) will be shown as an entries.
Currently in OFBiz financial accounts can have the following types:
- Bank Account (by default this type will post to 213500 CUSTOMER DEPOSIT ACCOUNTS)
- Deposit Account (by default this type will post to 213500 CUSTOMER DEPOSIT ACCOUNTS)
- Gift Certificate (by default this type will post to 213200 GIFT CERTIFICATES UNREDEEMED)
- Investment Account (by default this type will post to 213500 CUSTOMER DEPOSIT ACCOUNTS)
- Replenish Account (no default posting account in demo data setup)
- Service Credit Account (no default posting account in demo data setup)
NOTE: In GL Account Defaults there is a specific tab for specifying what type of Financial accounts are posted to which general ledger account.
What is it used for?
These include:
- Managing and Tracking Customer Prepaid Accounts
- Managing and Tracking Customer Credit Limit (NOTE: Need to verify this)
- Managing Electronic Gift Certificates / Gift Vouchers/ Gift Card
- Reload of Electronic Gift Card
- Company Bank Account Transaction Tracking ???????
NOTE: Need to investigate use of financial account to track company bank account so can mirror bank statement on screen with Financial account.
What's on the screen?
TO DO