Overview

An Account is a record in an accounting system that tracks the financial activities of a specific asset, liability, equity, revenue, or expense. These records increase and decrease as transactions occur throughout the accounting period. The aggregation of each Account object is often referred to as the Chart of Accounts.

• Unified account properties: The model unifies essential account details, such as name, description, currency, and current balance, making it easier to work with account data from different platforms.
• Hierarchical structure: Accounts can be linked to parent accounts using the parent_account_id, enabling the representation of complex account structures and relationships.
• Categorisation and status: The model supports account categorisation with main categories(asset, liability, equity, revenue, or expense) and subcategories, as well as tracking account status for better organisation and reporting.

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Attributes

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Properties Supported

{
  "platform_id": "1234567890123456789",
  "currency_id": null,
  "name": "Professional Services Account",
  "description": "Account for professional consulting services",
  "nominal_code": "A0123",
  "current_balance": 5000.0,
  "status": "ACTIVE",
  "category": "EXPENSE",
  "sub_category": "other_expense",
  "parent_account_id": null,
  "updated_at": "2023-11-05T14:30:00.000Z"
}