Articles on: OneHash CRM | Accounting

Common Receivable Account


Common Receivable Account


As per the party model, a common receivable account called Debtor is auto-created. This is a default Receivable Account for all the Customers.



If needed, you can also create a new receivable account and update in the Customer master.


Question: Should I create separate Receivable Account Account for each Customer?


Answer: You can, but it's not a recommended approach. If you want to create separate Receivable Account for each Customer for tracking receivable, then it not needed. You still view Account Receivable & General Ledger report for each Customer.


Just like Debtors, for tracking payables, default account called Creditors is created under Account Payables.

Updated on: 27/03/2023

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