Add Accounts

Accounts are used to maintain a detailed record of money received and paid out. By creating accounts, WP Ever Accounting efficiently tracks every transaction that impacts a company’s funds, whether it increases or decreases them.

acc

Fields Required to Add Accounts

To add accounts, navigate to Banking > Account. On this page, click the Add New button to open a new page. Here, you can create accounts by providing the following details:

FieldDescription
Name*The name of the account.
Number*The account number.
Type*Option to select the type of account from the available options.
Currency*The currency of the account. Transactions will only be accepted in the selected currency.
Fields marked with an asterisk are mandatory and must be completed for the initial save.
When setting up a new account, its currency rate will be based on the default currency rate.
Default currency rate automatically sets to 1 & additional currency rates should be equivalent to default currency. e.g., If USD is your default currency, then the USD rate is 1, and the GBP rate will be 0.95.

Accounts Listing

In WP Ever Accounting, navigate to the Banking tab under Accounting. This page displays a list of all the accounts that have been created.

acc 2

The list displays account names, account numbers, creation dates, and the balances for each account. Additionally, individual accounts can be edited or deleted as needed.

View Account

To view detailed information for any account, simply click on the account’s name in the list. This will open the account profile, where all relevant details are displayed. You can access the current balance, account number, currency, and transaction history, including incoming and outgoing transactions, payments, and expenses. Additionally, if you need to update the customer’s profile, editing options are available.

acc 3