The definition of “accounts” is very flexible. An account can be used to track purchasing or billing activity, or it can simply be a way of managing a relationship's profitability at a very high level. Accounts are also used to set up auto-billing to clients and auto-purchasing from vendors.
To Create a New Account
- Navigate the main menu: CRM & Sales > Accounts and click New.
- Enter the account details.
Account Info Section - This section contains the fields for the account type, the account's name and the company for which the account is created.
Start Date & End Date - These fields allow you to enter the beginning and ending dates of the account's lifespan (this is optional.) The Value field allows you note the account's estimated long-term value over time. Entering a value here will give you running comparison to the account's related activity.
Default Checkbox - If checked for a vendor account, new purchases from that vendor to automatically link to the account. If checked for a client account, new invoices will automatically link to the account.
Contractual Checkbox - If checked, it denotes the account as being one that is tracking a contractual obligation.
Setup Automation - This screen is used to set up and manage automated billing (in the case of customers/client accounts) or automated purchasing (in the case of vendor accounts). Refer to the links below for more in-depth information.
- When ready, click Save.