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.
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