Accounts

The finance department can use accounts to monitor the expenditures and cash flow for your business.

A top-level account represents a specific corporate general ledger account for tracking and controlling expenditures and cash flows for a certain area of the business. This account tracks budget needs and expenditures at weekly and monthly levels and then aggregates them to quarterly and yearly levels.

Accounts can have subaccounts. Depending on the account structure at your company, the subaccounts also might represent specific general ledger accounts. Alternatively, subaccounts might represent a greater level of granularity that marketing wants to track, even if the general ledger structure doesn't include that level of detail.