Accounts
Overview
An account contained within the business entity’s chart of accounts.
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.
Properties Supported
| Property | Type | Description |
|---|---|---|
| platform_id | string | The Platform’s ID to identify this account |
| currency_id | string | The platform’s ID of the currency for the account |
| name | string | The name of the account |
| description | string | Description of the account |
| nominal_code | string | Reference given to each account for a business. It ensures money is allocated to the correct account. |
| current_balance | float | Current balance of the account |
| status | enum | The status of the account. Values are: ACTIVE, ARCHIVED, UNKNOWN |
| category | enum | The category of the account. Values are: ASSET, EXPENSE, LIABILITY, EQUITY, INCOME, UNKNOWN |
| sub_category | string | The sub category of the account |
| parent_account_id | string | The platform ID of the parent account |
| updated_at | date | The date at which the information was updated on the accounting platform |
Expandable Attributes
You can expand the following attributes to get the related data
| Property | Data Model | Description |
|---|---|---|
| currency | Currencies | The currency of the account |
| parent_account | Accounts | The parent account of the account |