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A transaction account, checking account, or demand deposit account is a deposit account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct. In banking terminology, the term transaction account refers to a basic bank account with a financial institution which allows for the efficient transfer of funds by the account holder to third parties as well as receiving electronic payments into this account.
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What do you understand by Open Item Managed Account? | 
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What is an IFA? | 
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What do you understand by Intercompany Settlement? | 
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What is FBT (Fringe Benefit Tax)? | 
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What is debit and credit from the banks point of view? |
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What is meant by liabilities? | 
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What steps would you take before making a payment? |
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If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now. How it possible? 2. What about VAT like Tax Setups in AP and AR? 3. what about the SWEEP command in AP? |
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What are steps to define supplier? |
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What is Transactional Account? | 
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